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Alias Born | 11/25/2006 |
Wednesday, May 13, 2009 9:46:10 PM
Realize this - the banks are being bailed out - not with free money - but with HIGH INTEREST loans! - Those loans will either be paid back - or the Government will have ownership.
The loan rates they are paying - are much higher then the lending rates of the loans they are giving. - The banks will be upside down in no time - part of the Nationalization process!
2.9 trillion dollars - are currently on credit cards. The debts are owed to the banks. The debts are going bad - not at an alarming rate - YET!
I am bearish on all the banks - If all the banks fail - it is absolutely possible that FAZ will see $30.00!
Mark this post - after you take that hit.
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