'There is no capital left in the world'
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'There is no capital left in the world'
| Wed, 09-17-2008 - 7:04pm |
One shell-shocked senior banker in London said that there was no future left for the traditional investment bank. “The world is on the brink. The market is puking all over us. There’s no capital left in the world,†he said.

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"Do you understand that is not a debt? Do you understand that it is a putitive debt, if that? Do you understand what a condition precedent means? Do you understand that if the condition precedent does not take place, it doesn't become a "debt"? Do you understand that it is not traded or bartered or actually financed? Do you understand the the "debt" can actually be change, or may not come due or may not come due in that amount or any amount?"
Sopal
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"The FDIC said Tuesday its "problem" list of banks at risk of failure had grown to 117 at the end of June, compared with 90 at the end of March."
I read an article the other day saying they believe before the end of the year they expect to see 10 banks a week faling (as a reminder, the article states only 9 have failed this far).
It goes far beyond blaming it all on those purchasing. Far beyond.
When there is
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
Rates have been artificially low. The answer does not lie with cuts, social security and medicare fixes will come with rate hikes at some point. It also comes with reform of the health care system the right is loathe to undertake.
http://llhaesa.org/
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
When we bought our first home in 1975, we put 20% down, it was then required. We probably got the loan because I had a house to sell that I was getting at least another 17,000 from, so it was approved. Back then the interest we paid was 9 1/2 percent. We are 20 months from paying off our mortgage. the rate we have now is 5 1/2 percent.
We just gave a billion to Georgia - didn't see anybody really harping about that.....
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