Can you expand on this theory John? Since most economists believe inflation is the worst thing that could happen right now, I’d like to know why you think a devalued dollar will help anyone.

We’re adding a little something to this month’s sales contest. As you all know, first prize is a Cadillac Eldorado. Anybody want to see second prize?
Second prize is a set of steak knives.

Third prize is you’re fired.

But immigrants [illegal or otherwise] didn’t bring us to this moment.

Greed and magical thinking did!

What Next For Banks

http://baselinescenario.com/2009/04/09/what-next-for-banks/

But cheer up, from the way folks believed the lies that Wells Fargo told this morning to rally the stock market, the bankers really don’t need much more of our pocket change. They’re doing just fine with our tax gazillions, and they’ve already pretty much cleaned me out!

You wrote this from the last thread. Do you work at Wells Fargo or have some way of knowing that Wells Fargo lied about the quarterly earnings they had? Didnt think so. I do work there in Finance and why in the world would they say they had a good quarter if they didn’t?

Wells Fargo did not want any Tarp funds. But they did use it like it was intended and helped a hell of alot of people stay in their homes by refinancing. lower interest rates, extending terms etc.

Taxpayers are going to get millions in interest alone from those Tarp funds because WF had such good earnings. Why in the HELL would a company go around saying that if it weren’t true knowing they would have to pony up the cash??

Every bank, financial institution etc. are not SOB’s. And people should not throw accusations around when they don’t know what they’re talking about.

I’ve heard him say again and again: what “are” you doing?? He’s a strange British version of Paul Revere: they’re coming [to get you]!

They’re trying to tamp down the “bad news” where ever possible, while spending the country into fiscal disaster.

Programs before principle. Shared misery for the masses. In my area, the wakeup call was a conversation with my mailman last month, who was appalled at the number of unemployment checks he was delivering. He checked in with the main office and was told: no, they’re going out everywhere.

I had a conversation with a friend just last week. She said her neighbor across the street, a financial/accountant type, who had lost his job before Thanksgiving, was still unemployed but was having his shirts done and delivered by the local laundry. There are a lot of people going through the motions, hanging on for dear life, hoping that somehow the ground will not open up under their feet and swallow them whole.

But the black hole just keeps getting bigger. And it’s waiting for us all.