So when is the government actually going to do something about all of these zombie banks? Jesus, I thought 2008 and 2009 was bad enough. According to TheStreet.com, 2010 could be even worse in terms of bank failures and pounds of taxpayer flesh to keep them alive and kicking.
Have you checked recently whether or not the institution you bank your funds today might in fact be a walking, undead, taxpayer brain-eating abomination? I did. I bank at a credit union and it's surprisingly doing alright, financially stable. Definitely not a zombie.
Without the taxpayers whom they've royally screwed, many of the banks in America that we see today would have otherwise failed and been no more. But thanks to top tier bribery of our elected officials in Washington under the auspices of the 1st Amendment, we get....ZOMBIE BANKS!
They should be gone. New market entrants with better management, better and more competitive services and higher financially stability should have taken their place to serve the market. But no. We can't have that.
We taxpayers are the eternal host of the party to zombie banks!
Even after Lord of the Rings, I couldn't fully understand and appreciate Peter Jackson. Only after watching Braindead can one witness his true genius and apply it to our daily life. Zombies sure are scary.