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Daily Manila…..Worry about the Banks?……A reply….

Big Banks face financial DOOMSDAY!

http://www.dailyfinance.com/story/investing/bankwatch-big-banks-face-financial-doomsday-in-2012/19492708/

Believe what you want but the world was a safer, better  place before the Banking Modernization Act.

The chickens are coming home to roost.

Okay  I read the piece…..

One big glaring problem….

Again like a year ago…..

If they become insolvant …The whole game is screwed…

I firmly believe that no matter how much shit they have on the books….

The governmenet STILL become the court of last resort…..

I don’t care how much yelling or screaming goes on…if you can’t cash your check…If the schools can’t pay teachers…If states can’t use the banks ..the country comes to a stand still….

And that ain’t gonna happen……

I’m not worried in the least…..

The Dog

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May 28, 2010 - Posted by | Blogs, Government, Law, Manila @ PoliticalDog, Other Things, PoliticalDog Calls, Politics, Projections, The Economy, Updates

6 Comments »

  1. Oh Manila is the biggest Chicken Little around

    Hes worried about the “poor” oil companies

    The “poor” banks

    A few months ago he was worried that due to “taxes” the “poor” rich were going the way of the dodo(all the while the gap between rich and all the rest of us continues to widen)

    He is the perfect REPUBLICAN though!

    Comment by My Name Is jack | May 28, 2010 | Reply

    • Tsk…Tsk….Tsk……

      Comment by jamesb101 | May 28, 2010 | Reply

  2. Of course, one of my favorite quotes from Harry Truman is “don’t worry about the rich, they’ll take care of themselves–they always do”. Republicans love to claim that ole Harry would be in their ranks today if he were still around but I think that quote there would be more than sufficient for the GOP to hand him his walking papers. I mean can you imagine any elected Republican today saying that?

    Comment by Scott P | May 28, 2010 | Reply

  3. Republicans are obsessed with “protecting” the wealthy

    All the away from Manilas absurd assertion that somehow the rich are being “taxed” into oblivion

    To the equally ludicrous claim that if you dont cut their taxes

    The rich will take their money and go home

    Would that they saved an ounce of their “outrage” for working people

    Comment by My Name Is jack | May 28, 2010 | Reply

  4. […] Daily Manila…..Worry about the Banks?……A reply…. « PoliticalDog101.com […]

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