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#636664 - 11/20/10 02:49 PM BoA, Chase, Citi & Wells Functionally Insolvent?
Driftin' Three Time Spawner Registered: 04/29/06 Posts: 1728 Loc: Offshore	The crux of the following testimony is between 1:20 and 2:22. In summary, if the named banks recognize their actual losses, then said losses exceed their total capitalization.... http://www.youtube.com/watch?v=SYCZUImNYE4 Other than the shear magnitude, how is this different from what is presently going on in Ireland regarding their real estate banking implosion? Zombie banks....
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#636670 - 11/20/10 03:26 PM Re: BoA, Chase, Citi & Wells Functionally Insolvent? [Re: Driftin']
SBD clown flocker Registered: 10/19/09 Posts: 3731 Loc: Water	I've dealt with two of these banks on the house I just bought and I didn't have a warm and fuzzy feeling about either one of them.. _________________________ There's a sucker born every minute
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