Bank of Resona, changed game near term Zeev.
Lets see how much power FED has now.......
Nationalization of 5th largest bank. Japan has killer global manufacturing, big time savings at the individual level, protected society.
US HAS NONE OF THE ABOVE, Japan is in great shape compared to US, so what is this telling us about future of US Banking System - to me it is screaming failures and sooner rather than later!
Folks do not understand how fast this whole Greenscam game could fall apart, it could happen in days to weeks - AT ANYTIME NOW!
When liquidity dries up there will be noone on other side of trade to buy your worthless stock paper. Then watch the market and how it reacts. Unless FED buys up all this paper, they will try for awhile, till it buries them!
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