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Hmmm.... do I sense an avalanche beginning? “
No the avalanche began in March, accelerated in Sept ... we now sifting through the rubble at this point.
C is a basket-case, but honestly might be a great buy at this point. You have a healthy bank that will come out of realignment of Citibank, and the toxic assets and other stuff in a ‘bad bank’ that will have to survive somehow.
Out of the 2,400+ people who have viewed this thread, is there anyone besides me who feels:
a) These financial people are not stupid. They are greedy. Greed would explain all the seemingly insane actions we’ve been seeing, including these bailouts and all the rest.
b) Paulson and Bernanke are helping wallstreet financial institutions more or less loot the U.S. Treasury, and by extension, rob taxpayers blind.
c) All this talk about buying up toxic assets and such is just a cover story. They’re basically looting the U.S. Treasury and the taxpayers.