Thu, 24 May 2012
Dana Meador is back with FSN today to discuss why your bank is insolvent and what the issue of collateral means in this day-and-age. With JP Morgan front and center of the economic meltdown, you should be aware that the little JP blowup is indicative of a much bigger problem that a lot of people are not aware of. If you are not aware, cash is the new bubble; it is where everybody has parked their money. What are the banks doing with the cash sitting in accounts everywhere?