Every three months

It appears that the banks need about 700 BILLION dollars input to their accounts every three months, indefinitely.

Nearly ALL of their "assets" were worthless.

It has been estimated that they need 20-30 infusions over the next five years.

I don't know what they do with it--buy more banks, I think.

If one has 20% down, a guaranteed job, and live in the right place, the banks will make you a loan on one of the foreclosed homes they own.

In that there are about two years worth of those foreclosed and partially built homes around, we won't start any more on spec for a long time.

Then of course the foreclosures on most of the commercial empty buildings are waiting on the next bail-out. The developers are likely to get some of that to finish them and hold them empty for 2-3 years!

The banks MUST survive--as they are! The question is why?
Wouldn't other groups of pilots, dentists dope dealers, smugglers, Mafia and doctors just start more banks if needed?

Hey capitalism works if you let everyone sTARVE FOR 10-15 YEARS, DOESN'T IT?

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Submitted by Nitpickers on Thu, 01/22/2009 - 6:01pm.

Am I to understnd that bankers sold people loans who made too little money, some had no job--with short-term low interest rates--then BOOM, raised them way up? No down-payment required!

Why, I would tske one of those loans if I didn't have a home and wasn't working!

What kind of people run banks nowadays?

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