all I can say is.... is anyone wants to bully me with funding, they
are welcome to try :) Bring it on <g>

On Fri, Apr 17, 2009 at 9:19 PM, Robert Munn <[email protected]> wrote:
>
> 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.
>
>
> 

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