“Nothing very important, but the media makes a big thing of it. They kept talking about that G20 meeting – as if they were going to change the whole world – New World Order and all that…but what could they change? These hotshots at the banks took some bad bets. Now they’ve got to pay for them. What’s all the fuss about?”
April 6th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "Royal Bank of Scotland"
Investors and Their Lost Money
Our guess is that the blood will flow…but later. It’s still fairly early in the correction. Investors have lost money – lots of it. Homeowners have lost their homes. Working stiffs and Wall Street sharpies have both lost their jobs. But the violence-prone yahoos still expect something for nothing. The bailout plans will work, they believe. The government will step in and save them.
March 30th, 2009 | Bill Bonner | 4 comments | Continued
