Wednesday, May 23, 2012

Oh! Let's Bank On It

If the U.S. banking commissions don't get banking under control in this country, U.S. taxpayers are
one day going to bail out a bank we've believed to be flying a U.S. flag, only to discover too late we
just bailed out a bank aiming to boost a foreign economy at the expense of our own.
What Chase and Morgan Stanley and Facebook do to smaller shareholders is going to be field practice for what some foreign banks are going to begin to do to us all as they co-mingle their funds with ours while the greedy here are sword fighting legitimate regulators.
Good luck to us separating our funds from those of foreign sources in time to avert one of the many crises I suppose we are to begin to get accustomed to these days. Is that what our government expects
of us? No wonder people are discussing class warfare. If we don't decide to exercise more cautions, ceding authority to legitimate elected watchdogs- well we could soon be talking Real warfare ... all our
classes against some class somewhere we cannot even properly or easily identify!

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