Monday, August 22, 2011 7:07:56 PM
Freedom.. depends on what one calls freedom, me thinks. Currency change will come, and few will be happy, will take time, won't happen overnight. It might simply PEG ona different medium, China may take over, two currency rates may exist on each Sovereign.. but the 1.5 quadrillion in CDS are at risk worldwide and it's going to take more deleveraging instead of more, as the Banks have taken over others worldwide,, that bad debt won't be worked off. Won't be profited out of in slow economics..maybe just a depreciation worldwide is all we have to look forward to as a best case short term 10 year plan.
The recovery and "better position" the Banks are in is simply a result of "no choice", no choice but to leverage to compete, no choice but to take Tarp to suvive, no choice but to husband capitol, no choice but to lay off for margins sake.... and now, no choice but endure the folly of their ways. Sad to think of but if Half had failed,, and let go, as in 1919-1920, things would have been worse but headed for the better. Now we have the next Decade to look foward to.
The recovery and "better position" the Banks are in is simply a result of "no choice", no choice but to leverage to compete, no choice but to take Tarp to suvive, no choice but to husband capitol, no choice but to lay off for margins sake.... and now, no choice but endure the folly of their ways. Sad to think of but if Half had failed,, and let go, as in 1919-1920, things would have been worse but headed for the better. Now we have the next Decade to look foward to.
Recent BAC News
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