eric pebble Posted January 28, 2011 Share Posted January 28, 2011 (edited) U.S. banks were on brink of oblivion All except one of America's top financial institutions were at 'serious risk of failure' during the height of the credit crisis, according to the country's most senior monetary policymaker. Revelations in yesterday's final report from the Financial Crisis Inquiry Commission show that US Federal Reserve Chairman Ben Bernanke told the inquiry that 12 out of the 13 most important financial institutions in the country came close to collapse. Read more: http://www.dailymail.co.uk/news/article-1351292/Recovery-Britains-battered-economy-years-come-says-glum-PM-David-Cameron.html#ixzz1CKIKfi3v Scroll halfway down - after reading the grim reality above.... Edited January 28, 2011 by eric pebble Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted January 28, 2011 Share Posted January 28, 2011 said in the context of self-congratulation, no doubt Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 28, 2011 Share Posted January 28, 2011 12 out of 13, it's almost like the regulators completely failed. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted January 28, 2011 Share Posted January 28, 2011 12 out of 13, it's almost like the regulators completely failed. don't tell me, that 13th one was Goldman Sachs? Quote Link to comment Share on other sites More sharing options...
mikthe20 Posted January 28, 2011 Share Posted January 28, 2011 Bernanke Said The Period Between September And October 2008 Was 'the Worst Financial Crisis In Global History, Including The Great Depression'. Did he also simultaneously cough and say "so far" at the end of that sentence without anyone noticing? Quote Link to comment Share on other sites More sharing options...
Scott Sando Posted January 28, 2011 Share Posted January 28, 2011 Congressman Brad Sherman was told there would be Martial Law if We Voted No to stimulus package Suicide bankers par excellence Quote Link to comment Share on other sites More sharing options...
eric pebble Posted January 28, 2011 Author Share Posted January 28, 2011 Congressman Brad Sherman was told there would be Martial Law if We Voted No to stimulus package Suicide bankers par excellence They've got away with daylight bank robbery!! It's incredible. Quote Link to comment Share on other sites More sharing options...
billybong Posted January 28, 2011 Share Posted January 28, 2011 Bernanke Said The Period Between September And October 2008 Was 'the Worst Financial Crisis In Global History, Including The Great Depression'. Thank goodness it only lasted a couple of weeks between the September and the October Quote Link to comment Share on other sites More sharing options...
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