The Yuppies of the 80’s are the same dipsticks that drove the S&L debacle in the 90’s and the housing market off a cliff in ’08, I dread to think what hairbrain moneymaking scheme they will come up with this decade.
Oh, and small local banks are probably a real hazard. I’ve been in real estate, I’ve been in financial regulation, and I’ve been in Economics.What I am seeing a lot of, is the trusted local bankers that screwed up their banks so badly they had to be acqired by another bank, opening new banks in their area. I’m talking about banks that were acquired before they were forced to by the Fed, so they never made the papers. Except when they could buy an ad or fool the media into saying this bank is so well run Gigantor Bank wanted them. That troubled bank list doesn’t nearly list 10 percent of the truly bad banks. I personally know one family of serial bank robbers, teaching relatives how to run banks into the ground and rob them from the inside, and walk away clean. Well, one was going to be prosecuted, but the main witness went deep sea fishing, and committed suicide by shooting himself twice in the back of the head. All the local LEO said, “well, musta been a drug criminal”, and actively blocked investigators.JusWarninYa
elbeck over 10 years ago
Make it absinthe. Closer to the taste of false dreams.
UM5 over 10 years ago
Greed is alive and well Just take a look at Wall Street
Sisyphos over 10 years ago
Milo, you’re overacting again! Binkley, take the money and run.
klunker rider over 10 years ago
The Yuppies of the 80’s are the same dipsticks that drove the S&L debacle in the 90’s and the housing market off a cliff in ’08, I dread to think what hairbrain moneymaking scheme they will come up with this decade.
JusSayin over 10 years ago
Oh, and small local banks are probably a real hazard. I’ve been in real estate, I’ve been in financial regulation, and I’ve been in Economics.What I am seeing a lot of, is the trusted local bankers that screwed up their banks so badly they had to be acqired by another bank, opening new banks in their area. I’m talking about banks that were acquired before they were forced to by the Fed, so they never made the papers. Except when they could buy an ad or fool the media into saying this bank is so well run Gigantor Bank wanted them. That troubled bank list doesn’t nearly list 10 percent of the truly bad banks. I personally know one family of serial bank robbers, teaching relatives how to run banks into the ground and rob them from the inside, and walk away clean. Well, one was going to be prosecuted, but the main witness went deep sea fishing, and committed suicide by shooting himself twice in the back of the head. All the local LEO said, “well, musta been a drug criminal”, and actively blocked investigators.JusWarninYa