Skip to main content

View Diary: Why what Ben Bernanke said yesterday should make you angry (102 comments)

Comment Preferences

  •  That's becuase the banks are insolvent (0+ / 0-)

    They are leveraged up too. Look at their equity to loan assets. That doesn't include anything about the derivatives that are hidden off balance sheet.

     Analysts complain that they don't know how much fraud to factor into their price targets. The market values Citi at 1/3 of book. JP Morgan at 65% of book. The list goes on. The market is wildly optimistic because no one is going to jail too. Think about that.

Subscribe or Donate to support Daily Kos.

  • Recommended (149)
  • Community (65)
  • Elections (43)
  • Civil Rights (38)
  • 2016 (32)
  • Culture (32)
  • Baltimore (28)
  • Law (27)
  • Texas (27)
  • Economy (27)
  • Environment (26)
  • Bernie Sanders (26)
  • Hillary Clinton (24)
  • Labor (23)
  • Rescued (21)
  • Barack Obama (20)
  • Health Care (20)
  • Republicans (18)
  • Freddie Gray (17)
  • International (17)
  • Click here for the mobile view of the site