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Originally posted by six67seven
the banks will make no such plans. they are irresponsible institutions looking out for their own good.
when i picture our meek government asking the banks to make plans for prevention of a collapse, i see something like a weak old man on his knees (our government) pleading with the grim reaper (banks) for a little more time to live.
banks have the power. our government only has military power. our government is bankrupt.
edit on 23-8-2012 by six67seven because: (no reason given)
They are urging eurozone Governments to hold off from taking any drastic action before then – fearing that the resulting market destabilisation could damage President Obama's re-election prospects. European leaders are thought to be sympathetic to the lobbying fearing that, under pressure from his party lin Congress, Mitt Romney would be a more isolationist president than Mr Obama