Saturday, March 27, 2010

Bankrupt Banks

There were 41 banks failures this year. This is not good news. Debunkers claim that all is fine and I am crazy. However, what do we see? Basically, that unemployment is rising. As people lose jobs they cannot pay their mortgage because they have no money. In turn the banks loaded with bad loans begin to sink into the mire. As more banks fail people start to pull out their money.  This is called a run.

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