Jeff Fitzmyers wrote: > > "Fears of a US credit squeeze have been growing amid mounting evidence > that corporations borrowed too much during the recent boom and will have > trouble paying back their debts....." > >http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3JEF4MWGC&live=true&tagid=ZZZZV1CYA0C&Collid=ZZZ563ECC0C > > "For their part, banks are facing increasing loan losses. Regulators > have warned for years that the banks were embracing the loose standards > of the markets, underwriting loans without sufficient collateral or > proper repayment terms. Bank of America, the second-largest US banking > company, has emerged as a particularly worrisome example, saying its > loan write-offs this quarter would be $1.1bn-$1.2bn." Gee. That's funny. The banking industry is probably the most tightly controled industry in the United States. And, the government still can't keep 'em out of trouble. They've been practicing for decades /centuries. Dump the boozo regulators (racketeers). Back to free banking. Yeaaaaa metal banking. And fire the Fed. They have trouble organizing a dozen of donuts let alone an economy. All they do is screw up prices. Bob -- http://www.constructiongigs.com/ Use gold as money. It's easy. Create a free e-gold account here: http://www.e-gold.com/e-gold.asp?cid=101670 ConstructionGigs.com's PGP public key is here: http://www.constructiongigs.com/assets/DH-DSSkey.txt Fingerprint: 3C4D A63F 3C8B 2D7B 7E1A FFE8 9A2E 4D78 CAD6 66B7 --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
