Comments on: Hit The Siren

By: Bryan

Bryan — Thu, 01 Dec 2011 22:10:03 +0000

It was dropped during the Clinton era and broke. 😉

By: Steve Bates

Steve Bates — Thu, 01 Dec 2011 16:11:02 +0000

“No one wants to admit the real situation with the banks, and finally force them to separate their gambling divisions from their real, useful purpose as commercial banks.”

So… is the Glass-Steagall half full, or half empty?

By: Bryan

Bryan — Thu, 01 Dec 2011 06:34:56 +0000

It sounds like the other central banks have been doing a bit of pounding on the ECB in attempts to make it act like a central bank. If it finally steps into that role, then half the battle is won, but that still doesn’t fix the basic problem of bank solvency.

No one wants to admit the real situation with the banks, and finally force them to separate their gambling divisions from their real, useful purpose as commercial banks.

By: Badtux

Badtux — Thu, 01 Dec 2011 05:53:05 +0000

One of my co-workers has an aluminum soda can on his cubicle wall that has a circle of paper around it with Euro symbols on it. “Taking up a collection in euros?” I asked him. “Nope. That’s the can that the Eurozone leaders keep kicking down the road rather than solve the Eurozone’s banking problems.” Somehow I suspect that Frau Merkel is running out of road to kick that can down…

Of course, you could create a similar can with dollar signs on it, because the American banks are no more solvent in reality…

– Badtux the “We’re running out of road!” Penguin