wanted to share - I thought this was a decent article on the subject

[airplaneman]

Financial meltdown threatened by bankruptcy of any Wall Street bank

-Airplane

link:


http://rinf.com/alt-news/money/financial-meltdown-threatened-bankruptcy-wall-street-bank/

[Thinkingabout]

1. I remember so well hearing Phil Gramm saying, "if you will just deregulate them, everything will

Just be fine". Well the Republican Congress deregulated them and they would have totally fallen but for TARP. It was passed but without rules on how it was to be handled, Bush's man set it up so all the executives would get their bonuses and they was a big part of the problem. Too late for Obama to block the bonuses. Some more of the trickle down crap which failed.

[CK_John]

2. Believing money is real and not a concept leads to many false assumptions.

[jwirr]

3. So much for reform. Wonder what type of crisis would push them over the edge.

[Warpy]

4. The bank won't even have to fail, just get shaky enough

to threaten the derivatives market, which exists in part to reduce risk for big investors.

When the derivatives casino topples, it will take everything with it.