The U.S. banking system has now been exposed to the world as the emperor wearing no clothes. CNBC’s Charlie Gasparino reported last evening that the Bad Bank plan has stalled, with “no consensus on how such an entity would work, or whether a plan could materialize anytime soon, or possibly ever.”
The Problem? If the [...]
“Bad Bank Plan Blows Up - Because US Banking System Is Bankrupt”
January 30th, 2009 · No Comments · Politics, Money and Markets
Tags: Amero·Bad Bank·Bad Bank Plan·Bailout Out Plan·Dr. Doom·Henry Kissinger·IMF FSAP Audit·North American Union·Nouriel Roubini·Stimulus Plan·Tim Geithner