Will It All Come Tumbling Down?

Let's juxtapose two stories. First, from Bloomberg:

Aug. 14 (Bloomberg) -- More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival.

Ok. Now how about this one?

WASHINGTON (MarketWatch) -- Delinquency rates for loans and leases at U.S. banks increased to a record 6.49% in the second quarter from 5.58% in the first quarter, the Federal Reserve announced Monday.

So let me see if I get this right.

At 5% of non-performing loans a bank is at risk of being insolvent.

But the entire banking system in The United States had its non-performing loan ratio increase from 5.58% in the first quarter to 6.49% in the second, a record, and higher than the 5% level at which the survival of a bank(ing system) is threatened with collapse.

Hmmmm.... So should we take from this that the entire US Banking System is about to collapse?

This much we know for certain - you're being screwed - systematically - to cover the sins of these banksters who made loans to people who they had no reason to believe could pay:

Being in debt is about to get a lot more expensive for millions of Americans. Credit card issuers have been rushing to raise rates in advance of this Thursday, when the first provisions of the Credit Card Accountability Responsibility and Disclosure Act (CARD) will go into effect, with other protections starting in February 2010.

Right. Including those who are good credit risks.

This is the problem with allowing the blatant and outrageous fraud in our system to continue: Those who are prudent, who have done only good and not bad things, get reamed repeatedly and are forced, at gunpoint, to pay for the sins of those who committed that fraud.


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http://market-ticker.org/archives/1344-Will-It-All-Come-Tumbling-Down.html

They've raised minimum payments, in some cases doubling them, and they've raised interest rates on existing debt to make it more difficult to pay down.

There should be a law against this. The banks function only to make enough profit to pay their executives bonuses, it would seem. If we had a decent Congress, this kind of shit would never happen. But we all know the corporations own Congress, which is why we need to start voting these assholes out of office. Break the chain. It's the only way to address this problem.

civilization is slow death, it hurts,every creature in the world and us,and the world itself. And the thing that gets me people are scared scared of living without a state,a system of authority they pretend exists to care about them. I myself feel so alienated from the world, myself,other people, it just hurts being alive in this theatre of cruelty.I don't even know what could ease this pain inside me.

Because I was just having these same thoughts when I clicked on this post.

I don't even look in this forum necessarily for news anymore.

Just a sign of sanity, reason, some kind of mutual connection with reality, and sign that there are others who can see the reality.

This is truly an Orwellian Nightmare we are living through. Like some bizarre Abusive Relationship, where we are watching most people around us just become more bizarrely ensconced in the masochistic relations between themselves and the people who run things.

This is insanity.

This isn't living.

And along with the machinations of the criminals and their sadistic Matrix they've assembled you must survive everyday, you must also endure the mocking, marginalization, demonization, isolation, and ostricization cast upon you by most people you encounter.

Your crime?

Refusing to live in the False Paradigm, not living the lie, and living in reality instead.

I know this isn't a dream, but I really wish I could wake up.

And I wish those who seem perfectly content in their Stockholm Syndrome Like Haze could wake up too.

it is a bane to our species, and the planet as well.