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Earnestly I cannot will myself to root for any failure, however, reckless business practices having their day suits me fine.
The worst part about ALL of this mess is the ones who get hurt the most are the ones who had little to no influence on policies or decision making. Hopefully regulators will be reminded of their function as result.
Earnestly I cannot will myself to root for any failure, however, reckless business practices having their day suits me fine.
The worst part about ALL of this mess is the ones who get hurt the most are the ones who had little to no influence on policies or decision making. Hopefully regulators will be reminded of their function as result.
The OP is likely using the term "jackpot" to indicate one big cluster**ck of bank failures, perhaps as to educate folks into realizing this is the effect of bailing out the big boys and endlessly inflating bubbles, as opposed to rooting for failure.
The OP is likely using the term "jackpot" to indicate one big cluster**ck of bank failures, perhaps as to educate folks into realizing this is the effect of bailing out the big boys and endlessly inflating bubbles, as opposed to rooting for failure.
In Texas one must note that none of the failures are "big boys",...but are local banks mostly in small towns or serving very small low income areas.
In Texas one must note that none of the failures are "big boys",...but are local banks mostly in small towns or serving very small low income areas.
That's what I mean. Bailing out big boys and leaving the small fries out to dry is like cutting off one of your testicles and then asking you to procreate.
Jees, that was rather quick.. Tell me that deal wasnt lined up prior to taking them over
I can just see the Bancorp meetings now...
"Now that we have all of this TARP money, what banks can we acquire?"
Yes, I know Bancorp repaid their money months ago, but tell me how a bank can be in such financial disarray that they need a bailout one month, and then financially stable a few months later to be deemed safe enough to buyup other failing banks"?
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