> RoMunn wrote: > > I'll tell you what. I am going to yoga today. One of the other guys in the > class is a big wig banker. I'll ask him whether he thinks all banks are > bankrupt. >
Oh no! Don't ask a banker! We can ALWAYS trust them. Dude, that's too funny, are you really threatening to ask a banker? Look, man, it's super simple. Balance sheet. Assets on one side, liabilities on the other. Ok, now look at the assets in your 401k. How they doing? You think ole yogi the banker is doing better? Ok, now let's say the government decided to let Citi, AIG, and everyone else that's insuring those asset prices fail. What do you think would happen to asset prices? And that, good sir, is why their solvency is 100% dependent on the US government. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:293374 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
