Re: The Banks Failed; California Customers Wait

On Jul 16, 10:41 pm, Curly Surmudgeon
<CurlySurmudgeon_...@xxxxxxxxxxx> wrote:
On Tue, 15 Jul 2008 07:17:37 -0700, Robert Sturgeon wrote:
On Tue, 15 Jul 2008 05:42:44 -0400, Strabo <str...@xxxxxxxxxxxxxx> wrote:

Banks hit by fallout from the crisis at IndyMac Customers wait outside

Al Seib / Los Angeles Times

Customers wait outside of the IndyMac headquarters in Pasadena for the
bank to open. The FDIC took over ailing IndyMac bank on Friday.

Impossible.  Doncha know?  The banks are safe, and the inherently
destabilizing nature of fractional reserve banking doesn't matter.  People
will never again line up out on the street in front of a bank.  Not in
America, anyway.

The Pollyannas assured us of all those basic truths back as Northern Rock
was dying in the U.K.

Oh, and gold will never go back up, and yes, really, we can trust "them"
to protect us from any and every economic uncertainty.

Riiiiiiight...

Of course but don't just look at this sapling, look at the forest.
Massive plundering of the economy for 7 years is coming home to roost.

Huh? Only seven years???

Something is seriously wrong with your calendar.

From the scam mortgages pushed upon ignorant or non-English speaking
vicitims

There should be no "non-English speaking" victims. Come here and plan
to stay long enough to buy a home? Learn the language.

Did you buy property in Argentina without knowing the language? Yeh,
see what I mean?

Besides, I thought congress telling to mortgage industry to engage in
social engineering was a good thing?

the fees, charges, etc. were scraped off

Instead you want people to work for free? You sure are a social
liberal and previously claimed.

and the refuse
repackaged and sold to mutual funds, retirement funds, municipalities and
the public as "AAA" bonds.

So the social liberal is now claiming that social engineering doesn't
work?

The Bush deregulation of the banking industry is the root cause.

Ahem, it was the Clinton administration...

-- Regards, Curly
---------------------------------------------------------------------------­---
                       Bush, Plunderer In Chief
---------------------------------------------------------------------------­---

Don't forget how Bush made Katrina steer into New Orleans to kill the
"chocolate" people.
.

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