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alien-IQ

10/14/09 1:17 PM

#211668 RE: Reddog65 #211662

There are about 465 banks, mostly small, on the FDIC endangered list. Which mean likely to be shut down. This has really been done to grant the bigger banks a greater amount of control over the nations banking and economic system. It is the very same strategy that was employed by JPM during the bank run of 1907. By the end of that run, thousands of small independent banks had gone under and the big banks took them over. Much like what is happening today.

Simon Johnson, the former head economist of the IMF and an economics professor at MIT called what is going on in the US today a "Financial coup d'état" I don't find that to be an exaggeration in the least.