KulaRaha wrote:Watch credit dry up....
"The sky is falling brigade" is already here
Where will the credit go, the money is never the banks, it belongs to the people who bank it for ease of circulation and commerce, it is not going anywhere.
If in doubt go read the chase bank thread.
The owner put in 1 Bn, made accumulated profits of 10Bn which they withdrew through insider lending but somehow they still managed to go down with 99Bn of peoples money
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins