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View Full Version : What did I say!!!



RGacky3
27th December 2010, 17:37
I've been saying pretty much since the joke of a financial reform passed, and since the collapse happened and nothing changed that Capitalism, so have many other socialists, some Capitalists said "no no no, banks go up down, no systemic problem so on and so forth."

http://www.huffingtonpost.com/2010/12/27/bailed-out-banks-failing_n_801548.html

Its gonna happen again, the banks are gonna re-collapse, and its gonna go down even worse this time.

Now as the article said its not yet all the major banks, however remember the first time, it started with the smallest bank on wallstreet, bear-stearns.

RadioRaheem84
27th December 2010, 20:13
The Huff Post articles says the big banks are doing fine, but the smaller banks with shady books are the ones that are failing.

They will probably be swallowed up by the bigger banks.

Monopoly Finance Capitalism is consolidating more economic power.

The real collapse isn't predicted for another five years or so, roughly.

RGacky3
27th December 2010, 20:25
Thats true, but keep in mind the number of banks involved, almost 100, even if these are smaller banks and the bigger banks are taking over the systemic problem that are collapsing these banks is gonna effect the bigger ones sooner or later.

But your right :P, I'm a little early to yell "told ya so"

Political_Chucky
28th December 2010, 00:22
*Sigh* I wonder how many more are going to lose their homes before people wake up.:mad: