What is Digg?Sponsored by Travelzoo
Take Advantage of Ridiculously Low Holiday Airfares view!
travelzoo.com - Flights $52 and up for Thanksgiving, Christmas & New Year. But move on it now.
24 Comments
- jkash23686, on 05/28/2009, -3/+11BRAAAAAAAAAAAINS........... i mean BAAAAAAAAAAAIL OUT!!!!
- monkeyrun, on 05/28/2009, -1/+9Zombie banks are slightly better than vampire banks, like Citi and BoA....
- SneakyNinja, on 05/28/2009, -1/+7Everybody grab a shotgun, it's time to clean house.
- dvsbastard, on 05/28/2009, -1/+7Protip: Aim for the head office...
- CrazedLeper, on 05/28/2009, -2/+6Banks, it seems, are inherently dangerous. When have bankers ever done the world more good than they did themselves in the process?
- Sil369, on 05/28/2009, -0/+4chewed *giiggle*
- mxxz, on 05/28/2009, -1/+4WE MUST REMOVE THE HEAD FROM THE BODY!!!
and by head i mean the federal reserve bank - molotovcat, on 05/28/2009, -0/+3 Most people don't pay for their homes with cash.
- user500, on 05/29/2009, -0/+2they could use both
- idavidtang, on 05/28/2009, -1/+3If zombies are the undead, does that mean zombie currency are the un-devalued?
- CrazedLeper, on 05/28/2009, -1/+3True, but if people never borrowed, homes prices would never have reached 100s of Ks. The market would have had to settle at what it could bear. Furthermore, it's not like banks are absolutely necessary to finance a house if people couldn't pay outright. Granted, it's more risk to the seller to hold paper but it remains a viable option and it's not like that risk is negated by bank financing, it is just transferred.
- sirellyn, on 05/28/2009, -0/+2If lending rates weren't so low no one would have even tried to borrow. People always had choices, but there was in effect an ever increasing amount of peer pressure. Especially as more people borrow it drives prices up, and further makes it more necessary to borrow. Of course people didn't have to, but you would be completely naive to think most people wouldn't under those circumstances.
- geekee, on 05/28/2009, -0/+2The only reason housing prices have flattened out is that the govt. is trying to keep interest rates at all time lows, and FHA loans let you buy a house with 3% down. The govt. can't keep the bubble inflated forever.
- jerstud56, on 05/28/2009, -0/+2Just don't go inside with the gun...you won't get to come back out a free man.
- Sil369, on 05/28/2009, -1/+3BOOMER!!!
- inactive, on 05/28/2009, -1/+2It's close to midnight and something evil's lurking in the dark
- Moriko20x6, on 05/28/2009, -1/+2dugg for "zombie" in title~
- abran1984, on 05/28/2009, -2/+3These comments suck.
- user500, on 05/29/2009, -0/+1including yours.
Personally I don't care - MacroDaemon, on 05/28/2009, -2/+2"In its annual budget for 2009, for example, the agency increased funding for its receivership division, which oversees bank failures, nearly tenfold from $150 million to $1 billion."
The math skills that say ~6.7 equals 'nearly 10' are partly to blame for all this trouble. - Subduction, on 05/28/2009, -5/+4IN 1949 RON PAUL CHEWED THIS EXACT SCENARIO INTO THE BARK OF A FLOWERING DOGWOOD OUTSIDE HIS GOLD BUNKER!!!
NO ONE LISTENED!!! - BlazeSquall, on 05/28/2009, -1/+0You forgot "BREAKING"
- zemkacz, on 05/28/2009, -2/+1Who needs money, Loads of money, Money money money
- inactive, on 05/28/2009, -6/+1Your "OMG CRISIS BANKS ECONOMIC CRISIS SWINE FLU PANIC" article of the day, courtesy of Digg!
© Digg Inc. 2009
— Content created and posted by Digg users is