Banks - broke or not? : Thu Mar 06, 2014 6:08 pm  

Administrators of Lehman Brothers (Europe) to return 100% of amounts due to unsecured creditors plus interest. A first in company admin. history.

Re: Banks - broke or not? : Fri Mar 07, 2014 5:48 pm  

Money is concept not real.

You can have as much or little as the system wants.

Re: Banks - broke or not? : Fri Mar 07, 2014 5:49 pm  

Yes. And money supply bears no relation to inflation.

Remind us again how that worked in pre-WWII Germany?

Re: Banks - broke or not? : Fri Mar 07, 2014 6:06 pm  

Leaguefan wrote:

Money is concept not real.

You can have as much or little as the system wants.

Yes money is a concept. But it seems Lehman (Europe) actually had more of it than it and other assets than it owed.

Re: Banks - broke or not? : Fri Mar 07, 2014 7:53 pm  

Dally wrote:

Yes money is a concept. But it seems Lehman (Europe) actually had more of it than it and other assets than it owed.

Agreed which is why the current system is such a ponzi scheme.
What the "solution" is is open to debate but the current set up is blatantly flawed at every level and that is down to politicians who"control" the banks.