> RoMunn wrote: > > So the Bush people tell all the banks to take the money, now the Obama > people will not let them give it back. That's bad mojo, folks. >
Balance sheet: assets. liabilities. Problem: asset values falling below liabilities so banks go bust. If bank A takes the money and bank B doesn't, then people will flee bank A. Now bank A's asset need to sold, further eroding assets classes. Now bank B goes bankrupt because it's assets fall. And that's why ALL banks were forced to take the money. And that's why the government doesn't want them to give it back: those that do will undermine all. The way to avoid this would've been for banks to NOT lobby the government to deregulate. But the banks paid lobbyists billions to get deregulation which the Bush admin allowed which destroyed the world economy. They made their choice in 2000. Greenspan + Clinton + Bush = bad mojo. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:295390 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
