I read this lengthly and timely article when it came out on Monday. If you have ten minutes, then read it carefully.
It's the finger-in-the-dyke story, a House of Cards thingy....sorta like Enron, but with the full backing of the "federal reserve".
>“The hope of every central bank is that the real problem can be kept from public view. The truth is that the public -- even professionals on Wall Street -- have no clue what the real problem is. They know it has something to do with derivatives, but none of them realize that it’s more than a $20 trillion mountain of unfunded, unregulated paper that has just been discovered to not have a market and, therefore, no real value . . . When the dollar realizes the seriousness of the situation -- be that now or sometime soon -- the bottom will drop out.†--Jim Sinclair, Investment analyst.
If you have the stomach for it, read <cerefully.>
Off Topic » in reply to Yeah, tell me ABOUT IT
"Some banks could go belly up"
