Adam Levitin: B of A, Chase, Citi, and Wells Fargo are all insolvent.

[Subdivisions]

Run time: 02:23 https://www.youtube.com/watch?v=SYCZUImNYE4   Posted on YouTube: November 16, 2010 By YouTube Member: FiredoglakeTV Views on YouTube: 305   Posted on DU: November 20, 2010 By DU Member: Subdivisions Views on DU: 502

 
Georgtown University Law Center Professor Adam Levitin lays it out bare for the world to see.

Not much I can add to that. We're screwed sooner or later - probably sooner.

[Syrinx]

1. oh shit. does that mean what I think it means?

Great Depression 2 is coming out soon? IOD, so I haven't watched the video yet. But it's got me scared anyway.

[Uben]

2. What it means is.....

...somebody is not doing their job. If the banks are insolvent, why are the allowed to continue loaning money? Every dime they make should be put in a holding account until they become solvent, including any and all monies used for bonuses. The fact that this is not happening is criminal and should be prosecuted. Until we see banksters doing hard time, the injustice continues.

[Syrinx]

3. I was wondering an hour or two ago

Where has Eric Holder been lately?

[goforit]

7. See "INSIDE JOB' and find out! Obama is part of this

continuing scam.

[safeinOhio]

4. Looks like those CEOs have been

earning those huge bonus checks. I'll bet they are, right now, figuring out how to walk away with tons of tax payers' cash when the cards come tumbling down.

[tabatha]

5. There should be a law that prohibits bonuses

if banks are insolvent.

[goforit]

8. ROFLMAO!!!....keep dreaming.

[goforit]

6. Wow! Just watched 'INSIDE JOB'.....Nothing has changed!!!