Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Almondjoy; pepsionice
Wrong on so many levels, the reality of the situation is that the banks are saying that we are for profit companies and we won’t just sit here and make nothing.

Don't you mean, "we are for profit companies and we won’t just sit here and make nothing no matter how badly we screw up, because we're too big to fail"

22 posted on 11/25/2013 7:42:35 AM PST by Age of Reason
[ Post Reply | Private Reply | To 19 | View Replies ]


To: Age of Reason

Every bank that was going to fail was bought out by another bank that wasn’t going to fail. Citigroup might be the only exception. Bank of America was asked to buy assets to prevent them from failing. JP Morgan and Wells Fargo scooped up assets on the cheap because they were failing.


29 posted on 11/26/2013 7:36:48 AM PST by Almondjoy
[ Post Reply | Private Reply | To 22 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson