Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, January 14, 2010

Bank Tax

This is why you tax all the big banks. The reason they are massively profitable is because the spread from the short end to the long end of the curve.

The fed is responsible for that, that is why we have such a Search for Yield, and it's also why we risk inflation(sure I don't believe in inflation, at this point but....)

To put it all out on the Table; They fucked everyone with these shitty mortgages, took out insurance on them, from a company that the government had to bail out. It's just a way to get the money back from their Looting of AIG.

Taxpayer to AIG
AIG to the Banks
Banks to the Taxpayer.

1 comment:

job said...
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