Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Joined: Sep 01, 2005 Posts: 276 Location: New Hampshire USA
Posted: Fri May 30, 2008 8:39 pm Post subject: Re: Minnesota Bank Shutdown this afternoon
There was some general speculation regarding bank closures here not too long ago. This is troubling, but expected given the state of things. The article you cited says depositors will still be able to access their accounts. That would seem to take some of the sting out this particular incident. I wonder how long it will be before the next bank goes under? Will there be enough FDIC coverage if there is a domino effect?
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