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To: raybbr

“The real question is: How to prevent the banking system from collapsing without using my money. “

It’s a good question, and I would like to think there would be an answer - but I’m afraid the most likely answer is there is not a way to do that.

Bankrupt companies don’t have money.
Collapsed banks don’t have money either.
And now it looks like the FDIC is running out of money too.

Who has money?
The list is getting smaller and smaller.


70 posted on 09/29/2008 7:34:18 AM PDT by Scotswife
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To: Scotswife
If the banking industry is built on real estate values, then we are in for a general crash.

Real estate values CANNOT return to what they were, and must reset, because those values bore no relation to the earning power of the market.

There is no way on heaven, earth or hell that median home values should be or can be at $400,000, as they were in California.

The incomes are simply not there.

88 posted on 09/29/2008 9:58:58 AM PDT by happygrl
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