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maksim

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maksim

Re: uranium-pinto-beans post# 12244

Monday, 12/08/2008 1:48:05 PM

Monday, December 08, 2008 1:48:05 PM

Post# of 364890
The government is backstopping it all.

JPM, Citi, BAC are all the "blessed" banks. If they fall, the united states falls.

Was listening to an interview... they made a great point. It was about letting GM/Chrysler fail. What they said is... even though GM/Chrysler bankruptcy would be best... the image would be that the United States is bankruptc. Just like if NYC went under. In the international community, NYC= United States, GM = United States.

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