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There must be something in the water here.. Too many people expecting an impeding doom at all times. The Soviets will nuke us... We will all die of AIDS... The dollar will collapse... The End of the World is coming... ISIS will come here and destroy America... I don't know what is it with our mentality but I haven't seen as much pessimism about the future in any other country I've been to.
Americans love bogeymen, some more than others. For most of the 18th and 19th century, we feared rape, torture, and pillage by "the red savages", and then we turned them into wards of the government and stole their lands, we started gnashing our teeth at the prospect of all those unwashed millions of Chinese, southern and eastern Europeans, and Jews coming to the US and polluting the gene pool. Then we started worrying about "Reds" and spent most of the 20th century worrying about them, including spending the 40 years after WW II hunting for Communists in cabbage patches and building fallout shelters.
There must be something in the water here.. Too many people expecting an impeding doom at all times. The Soviets will nuke us... We will all die of AIDS... The dollar will collapse... The End of the World is coming... ISIS will come here and destroy America... I don't know what is it with our mentality but I haven't seen as much pessimism about the future in any other country I've been to.
It's a common practice (here) for the batsh*t crazy loons to scream the loudest and with the greatest velocity. The internet gave them a marvelous tool to increase both- and they can do it anonymously!
What's funny is that even when their predictions fail to materialize or are flat out proven to be wrong there is always a NEW prediction that superseded the old prediction, therefore self validating their batsh*t crazy tune.
It's not unlike the old guy on the soapbox shouting "The End is Near!!!"..
It's actually funny as hell- better than a Saturday night at a Wal-Mart in Arkansas. Someone could write a hell of a doctoral paper on this phenomena.
It's a common practice (here) for the batsh*t crazy loons to scream the loudest and with the greatest velocity. The internet gave them a marvelous tool to increase the volume- and they can do it anonymously!
What's funny is that even when their predictions fail to materialize or are flat out proven to be wrong there is always a NEW prediction that superseded the old prediction, therefore self validating their batsh*t crazy tune.
It's not unlike the old guy on the soapbox shouting "The End is Near!!!"..
It's actually funny as hell- better than a Saturday night at a Wal-Mart in Arkansas. Someone could write a hell of a doctoral paper on this phenomena.
I wish I coult find it funny. It's rather tiresome and depressing.
Collapse? Good enough for them. They can't seem to help themselves and no amount of regulatory oversight has either. More printing of money, er, I mean QE?
Collapse? Good enough for them. They can't seem to help themselves and no amount of regulatory oversight has either. More printing of money, er, I mean QE?
Break them all up. The bank stays and the Casino part relocated to Vegas where they can collapse into the desert. Too much money had been spent trying to rehabilitate these gamblers.
Break them all up. The bank stays and the Casino part relocated to Vegas where they can collapse into the desert. Too much money had been spent trying to rehabilitate these gamblers.
Too big to fail should not be part of our vernacular They have made their beds, the taxpayers should not be on the hook for bad behavior.
Extend and pretend,” as it’s called, still rules the day. The fact that it took a year-and-a-half of this terrible oil bust before big banks made the first additions to energy loan loss reserves shows how parsimonious big banks are in serving up a sense of reality.
Turns out, according to Moody’s, “Some very critical things are hidden.”
Apparently many smaller banks park their monies in derivitives ( large banks) and large banks into Federal Reserve Notes? Help me here if you have banking savy. Also Treasury Notes ? The key is that if their mother ship tanks there is a domino effect!
Many people after 2008 closed accounts with too big to fail banks, instead joining credit unions and local banks. However, stated earlier, those deposits may not matter to these large banks. I hate Wells Fargo and pray they vanish forever or craw back underneath a rock in California's Death Valley.
That's what we did. While we may not be huge customers we took 8 accounts away from Bastards of America. The bank manager just about had a coronary. We were 25-30 year long customers. We went to local bank for day to day account and most of our banking is with a credit union.
That's what we did. While we may not be huge customers we took 8 accounts away from Bastards of America. The bank manager just about had a coronary. We were 25-30 year long customers. We went to local bank for day to day account and most of our banking is with a credit union.
Smart fellow credit union member for 20 plus years
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