{"id":193145,"date":"2009-01-15T18:38:00","date_gmt":"2009-01-15T23:38:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/01\/15\/not-enough-bullets-our-banking-system-is-imploding-edition\/"},"modified":"2009-01-15T18:38:00","modified_gmt":"2009-01-15T23:38:00","slug":"not-enough-bullets-our-banking-system-is-imploding-edition","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/01\/15\/not-enough-bullets-our-banking-system-is-imploding-edition\/","title":{"rendered":"Not Enough Bullets: Our Banking System is Imploding Edition"},"content":{"rendered":"<p>Just 3 months after we threw $350 billion at the banking system, which was more like $9 <span style=\"font-weight: bold;\">trillion<\/span> when you count what the Fed is doing, we have <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/01\/14\/AR2009011404198.html?hpid%3Dtopnews&amp;sub=AR\">exploding bank losses threatening bank solvency<\/a>, with one of the main contributors being, &#8220;the unexpectedly high costs of shotgun mergers arranged by federal officials last year.&#8221;<\/p>\n<p>Thank you Henry <span>Paulson<\/span>, now we have <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=a7QjeERr0_ag\">Bank of America getting in line for a <span>Citi<\/span> style bailout<\/a>, because the black hole that is Merrill Lynch is deeper than anticipated, among other <span>clusterf<\/span>%$#s.<\/p>\n<p>As <a href=\"http:\/\/www.eschatonblog.com\/2009_01_11_archive.html#8214222349183786012\"><span>Atrios<\/span> says<\/a>, &#8220;Just nationalize the lot of them and end this.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just 3 months after we threw $350 billion at the banking system, which was more like $9 trillion when you count what the Fed is doing, we have exploding bank losses threatening bank solvency, with one of the main contributors being, &#8220;the unexpectedly high costs of shotgun mergers arranged by federal officials last year.&#8221; Thank &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,985,982],"tags":[],"class_list":["post-193145","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-regulation","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193145"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=193145"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193145\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}