SUBSIM Radio Room Forums - View Single Post

AVGWarhawk · 10-08-08, 10:27 AM

I think a lot of banks are in trouble. It was the American banks that broke the ice first and raised their hands. Now others around the world can follow suit as a result. Banks are a business. Not just a place to store your cash. Being they are a business, they are open to failure as we are witnessing around the world. How did all of them get this way? I'm not sure really. Poor business practices and decisions? To much speculation? I do believe everything will stablize but it will certainly take more than a week. It might be good to take the hit we are on Wall Street. Sometimes I think we are getting to big for our britches. What about Kamakazi Bank?

10-08-08, 10:27 AM	#7
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,253 Downloads: 90 Uploads: 0	I think a lot of banks are in trouble. It was the American banks that broke the ice first and raised their hands. Now others around the world can follow suit as a result. Banks are a business. Not just a place to store your cash. Being they are a business, they are open to failure as we are witnessing around the world. How did all of them get this way? I'm not sure really. Poor business practices and decisions? To much speculation? I do believe everything will stablize but it will certainly take more than a week. It might be good to take the hit we are on Wall Street. Sometimes I think we are getting to big for our britches. What about Kamakazi Bank? __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road Last edited by AVGWarhawk; 10-08-08 at 10:45 AM.