On Fri, Apr 17, 2009 at 8:04 PM, Gruss wrote: > > (3.) There are about 8000 banks in the US. Only a tiny fraction of > them are truly in trouble **when considered individually** (<- key > concept. Think of a chain with some very bad links) > > (4.) That tiny fraction control 80% of assets. > > (5.) Net-net: the government MUST own THE SYSTEM since if a large bank > fails it'll take **the system** down. >
At this point, I say let the losers fail and be taken over by the winners. Having the government own the system isn't going to do any good at all, it just puts off the day of reckoning. It took Japan ten years to figure that out, and I don't want to go through what they went through in the 90s. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:295397 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
