IMF Advisor - We face a Worldwide Banking Meltdown - Full collapse in 2 to 3 weeks! 10-06-2011

[marmar]

Run time: 04:22 https://www.youtube.com/watch?v=F9SRxsLEkBg   Posted on YouTube: October 07, 2011 By YouTube Member: eric1970x Views on YouTube: 408   Posted on DU: October 09, 2011 By DU Member: marmar Views on DU: 2547

 

[abelenkpe]

1. Banks want another bailout? Nt

[tama]

2. Call their "bluff"

and if the house of cards falls down in few weeks (instead of some time later), even better.

[peacebird]

3. Exactly. And then take the money from the banks leaders as part of the debt repayment scheme

They profited in the fat years (through questionable practices) so they should face financial repercussions for their questionable practices. The practices that led to the crises.

[russspeakeasy]

6. and they may get it, if they can scare enough people.

[think4yourself]

13. Heavens No!

They need to be RECAPITALIZED. :grr:

[Modern_Matthew]

4. I hope so. This economy needs put out of its misery, so that we can begin rebuilding. nt

[Kablooie]

10. I agree. They have to let the fever break before any remedy can begin.

All this bailout business is just prolonging the suffering and doesnt solve anything.
as well as making the pain more intense and will make the recovery take longer.

[RBInMaine]

5. The woman looks like Sigourney Weaver. Uncanny.

[Proles]

7. What exactly would happen if this... well, happened?

Would it be like Iceland but on a global level?

[truedelphi]

8. WELL ICELAND IS A NATION OF 300,000 PEOPLE

And it's not like their default determined that no one would ever ship them their carrots or their brocolli. Their energy needs are met by the hydro and the geo thermal energy that is plentiful on their island. They have plenty of fish to eat. So what their nation needs to import is vegetables.

But these maniacs at the top, if we don't give them what they want, they assume they can shut us down. They will start with Europe, and I am sure we are going to hear that our banks are in trouble as well.

All those damn students and their damn student loans that are not being paid off!

[Kablooie]

11. Many of the 1% would be dumped back into the 99%.

[JDPriestly]

9. This should have been taken care of in 2008 when the political will to handle it was there.

And why don't we know the extent of derivatives exposure? Because our Congress did not act to require investors to report their exposure. The derivatives should have been investigated and the entire market put under regulation.

And that recent SIGTarp report really scours the wheeling and dealing about bank reserves in the aftermath of the TARP. It's quite shocking. After all the bail-outs which, of course, were much larger than admitted and continued much longer than admitted if you include all the FED funding the big banks received, there is no excuse for this remaining uncertainty.

I don't think that voters will accept yet another dip into public coffers to support the huge bonuses and lifestyles of the bankers.

[stockholmer]

16. I so hope you are right

[99th_Monkey]

12. Just NATIONALIZE all these fucking banks, and jail the Banksters now running them

and our country into the ground.

Enough bail outs for the super-rich fucks.

[fasttense]

14. How incredibly arrogant these people are.

The banksters want another bailout (with no strings attached of course) but they hide that language with the word recapitalize.

They think the masses are too stupid to know what they mean. And the way they demand the handouts. Give them to us or we will destroy your economy. They act as if they are the economy.

Talk about moral hazard. These banksters have become so use to bailouts by the tax payers and working class, that they don't even bother to attempt to become solvent. They fight and complain every time someone suggests they increase their reserves. They bitch and moan when people question their overpriced salaries and bonuses. They just keep doing the same old thing, expecting continued handouts from us.

[Katashi_itto]

15. Banks now want 100 trillion to recapitalize

I posted exactly this issue here a few weeks ago and was basically mocked.

[stockholmer]

17. don't sweat it, the 'mocker' is know around here for having only that so-called 'skill' to offer,

and is wrong 99% of the time. When I do agree with them, I know it is time to check my meds.:crazy: Consider it your DU baptism, lolololol