Wednesday, April 22, 2009

SwedBank getting close to bankruptcy – let them

As I have mentioned several times before (latest yesterday), SwedBank is showing big loses and the stock is dropping like a stone at the moment. Again to no surprise whatsoever for those with basic knowledge in economics and finance. And even if many of these minuses are "plus" in the sence that the bank is cleaning up some, this is just another nail. Since the Swedish government already have pledged to support the banking sector it is already too late to tell them and everyone else to let this shitty company crash and burn. But on the other hand, more is to come in the near future. More banks and companies are going down so I will just continue to say “I told you so” and give you all the same advice. Maybe some of you idiots will listen.

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