[underground]

I got this chart from the St. Louis Federal Reserve when I was trying to understand how they can justify all this inflationary money they've been pumping into the banking sector. You can see, as far as bank solvency, this doesn't compare to the 70s or any of the banking crises of the 80s & early 90s. It looks more like a credit crisis than a credit crunch.

With all the reserves backed by the Fed, I almost feel like they've quietly nationalized the banking system by providing loans that can't reasonably be paid back.

I dunno, its interesting and significant but I'm not totally sure what it means yet. I got a lotta traffic on the topic but not much insight from any comments. I'd love to hear what some Freepers think!

[PugetSoundSoldier]

Like the old saying goes:

If you owe the bank $100,000 the bank owns you.

If you owe the bank $100,000,000 you own the bank.

[steve86]

I saw negative numbers early last week.

[2banana]

Isn't this what happened to the bank in “It's a Wonderful Life?”

[AxelPaulsenJr]

What will eventually happen is World War 3 or 4 or whatever number is next on the list. That war will kill a billion people or so and those left will then pick up the pieces.

[RightWhale]

Bank of NY Mellon seems to be okay. Not quite the expected profit last quarter but still doing well.

[TruthConquers]

It looks like to me that the Fed own the banks and then the Fed owns those loans, and from there, they own us.

But I’m just a stay at home mom, no financial training at all. I would be interested in any informed Freepers opinions as well. That chart looks like a heap of trouble is coming our country’s way.

[ex-Texan]

What the graph shows is that most of our banks are BK. Puffed rice, crispy critters and crunch, crunch, crunch.

[Realism]

Well, may be they should go back to paying interest on peoples deposited savings. Getting rich quick by draining the barrel dry was alot of fun, but it’s time to get back to working with real money.

[FreedomPoster]

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