Wednesday, November 11, 2009

New Bank Rules and More Lies


New Rules and More Lies Hide Cancerous Commercial Real Estate Loans
"Commercial real estate is blowing up so what do regulators do? The answer of course is to come up with new rules and regulations that will allow banks to ignore losses.
On October 31 the Wall Street Journal reported; Banks Get New Rules on Property."

I'm finding that the longer this Financial Crisis drags on, the stronger the language gets from the economic bloggers. Terms like Lies, Cheats, Thieves, Corrupt, and Banksters are becoming more common place. Check out Jesse's Cafe Americain for another example.
Now if Joe Six Pack and our Selected Officials started using the same words with the same anger in their voices, maybe we could fix this thing. Who am I kidding, Joe Six Pack is too busy trying to put food on the table and Congress is to busy lying, cheating, stealing, corrupting, and acting as lookouts for the Banksters.


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