[JustaGirl]

I wonder if history will portray him as worse than Bush?

[IslandCrow]

Should we be pushing for a fifth option? Relocalisation That is going back to when loans are made locally by local banks, and the local bank then holds the guarantee.

This is not too outrageous, as it is the case with the last mortage I took out, and the local bank has more deposits than it has leant out. So in today's up-side-down banking world there are still viable examples of localisation.

However, my proposal will mean the death of many of the fancy instruments of finance that have been developed recently and it will not make bankers fantastically rich, so I guess my proposal has no future apart from the fact that many of the fancy instruments of finance are in fact dead already.

[UltraViciousBudgie]

$this->bbcode_second_pass_quote('IslandCrow', 'S')hould we be pushing for a fifth option? Relocalisation That is going back to when loans are made locally by local banks, and the local bank then holds the guarantee.

[Jotapay]

This is an insane interview. Max starts to lose his patience at one point and starts to rant, lol. He says Paulson and the bankers staged a coup and destroyed the US dollar, looting taxpayers. He also said it was a staged demolition like World Trade Center building 7 on 9/11. Ha! Tinfoil is the new breaking news. Word about what is really happening is starting to get around.

http://www.youtube.com/watch?v=9zjJZLvKzVY

[deMolay]

Well a little more info comes out on the 2008 Panic and secret meetings. http://www.independent.co.uk/news/busin ... 50076.html

[drgoodword]

Very interesting info.

Thanks, deMolay, for this link and for all the links you've diligently posted during the financial crisis. Sincerely much appreciated!

[vtsnowedin]

There is the saying, "No country is more then three meals from a revolution" . Now countries like Darfor show that it is a bit of an overstatement but limits do get reached and the guns come out and the riots begin. We were close to a collapse last fall and we may get back there soon enough. Only this time the Feds we have already used up all there credit and will be powerless to stop it.