Light At The End Of The Recession Tunnel Is a Depression Train

http://www.myhopeseries.com Attorney & Author Mark S. Hankins (Debt Hope: Down and Dirty Survival Strategies) explains why the FDIC can't afford to close all the failing banks, doesn't necessarily even know which banks are failing, and why the 5 largest banks are at the most risk. Meanwhile, consumer credit cards are likely to become increasingly hard to get and use (at least at an acceptable interest rate).

Category:

News & Politics

Tags:

• Federal Reserve
• FDIC
• Bank of America
• Advanta Bank
• Credit Cards
• Defaults
• Bankruptcy
• Consumer
• Georgian Bank
• TARP
• Lost Decade
• Japan
• U.S.
• derivatives
• unemployment
• unofficial
• underemployment
• recession
• depression

[DebtNavigation]

Our financial system: A hydrogen dirigible powered by a graphite reactor... piloted by drunks.

[jbearden]

@DebtNavigation YES! However, the drunks are also greedy and ignorant, at once..

[jbearden]

I have said all of these things, many, many times. We MUST count on one another, take responsibility, form UNIONS, and stop using banks and instead (like I did recently) use ONLY the Credit Union.

We must REVOLT against corporate abuses, in our own individual way... EXPECT SERVICES from them when you pay for them, DEMAND accountability in every way, both small and large!