Tuesday, January 20, 2009

"Zombie Banks"

My favorite phrase I heard over the weekend.
I think the government is going to have to take over the banking system with a similar action they chose with the savings and loan industry in the 80's. i think that's the only way out of this... I hope I'm wrong, but earnings season is upon us and Bank of Scotland dropped 69% in trading today...


Post a Comment

Subscribe to Post Comments [Atom]

<< Home