The Lehman Brothers bankruptcy is still a mess because the plutocrats expected a bailout. They were painfully reminded that government has all the power.
Record high beef prices blamed on weather, not inflation.
A couple of weeks ago, Fox reported the biggest banks passed their stress test. A few days later Forbes reported 5 of 30 including Citi failed the stress test. Today the Fed ordered the eight largest banks to raise capital. The banking sector must be crashing fast.
Wednesday, April 09, 2014
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