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
“Brokedick Banks, Drug Banks and Bad Banks”
January 27th, 2009 · 3 Comments · Politics, Money and Markets
President Obama met with the top Brokedick Bank CEO’s today. And the talking points about America’s next trillion dollar suppository… a.k.a. the “Bad Bank” plan are now out.
My friends, it’s that time again…
Bend over, grab your ankles, and assume the position. Because here’s how the “Bad Bank” plan is going to work:
First, the Fed is [...]
Tags: Alan Greenspan·Bad Bank Plan·Glass Steagall Act·Gramm-Leach-Bliley Financial Services Modernization Act·Hank Paulson·Robert Rubin