Why is it a crisis when a bank loses the confidence of its investors and depositors, and they move their money elsewhere? Money is not being destroyed.
It's cyclical too. They know they are "too big to fail" so they over leverage knowing they will be bailed out and that overleverage is what causes them to fail.
All reward, no risk (except to the taxpayers/indentured servants)
It's value line is dropping like a just hanged man.
Ahh,The Cramer Crash
Why is it a crisis when a bank loses the confidence of its investors and depositors, and they move their money elsewhere? Money is not being destroyed.
It's just another failing business. No big deal.
The FED is the lifeblood of too big to fail banks and usury. The entire system is corrupt to the core and NEEDS to fail.
It's cyclical too. They know they are "too big to fail" so they over leverage knowing they will be bailed out and that overleverage is what causes them to fail.
All reward, no risk (except to the taxpayers/indentured servants)
Cramer should be pumping this turd today. I wonder if he will finally see his aptness to forecast downturns of stocks?