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Mar. 26th, 2009 07:08 pmahh, Rushkoff lays it down again:
Let It Die
Volatility - some interesting stuff here
and here: BofA and Citigroup Gaming Public-Private Partnership
I like this quote here:
"The truth is that before they are willing to resume lending, these bankers are demanding to be bailed out of these toxic paper positions. This is a stick-up. A ransom demand. The banksters are on strike. They are holding America hostage, and their demand is that America buy them out on their own terms. They’re saying, “You want us to lend? Gives us our profits first.” Until then it’s a work stoppage."
As Rushkoff says above and I've been saying for a while, Let It Die. Let's let the market actually destroy the financial giants. That would be poetic justice indeed.
Let It Die
Volatility - some interesting stuff here
and here: BofA and Citigroup Gaming Public-Private Partnership
I like this quote here:
"The truth is that before they are willing to resume lending, these bankers are demanding to be bailed out of these toxic paper positions. This is a stick-up. A ransom demand. The banksters are on strike. They are holding America hostage, and their demand is that America buy them out on their own terms. They’re saying, “You want us to lend? Gives us our profits first.” Until then it’s a work stoppage."
As Rushkoff says above and I've been saying for a while, Let It Die. Let's let the market actually destroy the financial giants. That would be poetic justice indeed.
