Analyst: 'Zombie' Banks Weighing Down Economy

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Uploaded by on Feb 27, 2009

As the government takes an even larger ownership role in Citigroiup, many economists are warning that the 'baby steps' being taken to fix the banking system are not having an immediate effect. (Feb. 27)

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  • It's ALL OVER.

    I just want to Start a New FREE America.

    Free Trade.

    FREEDOM to accept Checks and Money Orders on Ebay.

    I WANT MY FREEDOM DAMN IT !

  • First get rid of Tim Geithner. Second take over the banks. Third get rid of the current management who can\t manage. Fourth get rid of the bad assets and finally privatize the banks with some real regulations.

  • Nonsense: The "Bonus" system is to avoid taxes. By slashing it the Gov. increases taxes while returning us to a Kenesian slow-growth model. The insano businessmen who refused to invest for anything less than 18%, poisoned the whole system from Reagan on. Pen-pushers in office-buildings who seek loops to impose still MORE interest costs, are non-producers who drag down everyone. Banks are supposed to loan, but who wants loans with penalties built in against unknown future?

  • Part of the bad assets that need to be liquidated are the management of all these banks.

  • well said

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