actually tanker,banks ARE heavily regulated by the gov now.They have a audit from gov regulators every thirty days. it may come as a shock to you (but its the real truth) but did you know that EVERY single bank in the US was legally bankrupt, and should have locked their doors just a short time ago? The only thing that kept them open was gov regulators either closed their eyes,or scrambled day and night changing the rules to keep them open.it may come as even more of a shock for you to hear that not only the banks but the entire country and its whole monetary system was not worth the paper it was printed on.WE,the US, and not any european country was the first to go bankrupt legally.why? simply because US treasury bonds went below their face value for the first time ever. at that point the entire monetary system of the US was worthless.if the US had not borrowed enough money from china,and bailed out the banks we all would be totally broke.But as always there were some who made billions of dollars on this ,and its not the banks or lending institutions. who it was ,was folks who mortgaged every thing they had,sold what they could,gathered up all the money they could lay their hands on and bought those treasury bonds for 10-20-50cents on the dollar from banks who were trying to stay liquid and couldnt sell them for any price because for the first time ever they were basically worthless. when the gov responded and bailed out the banks they made billions apon billions of dollars.wasnt the banks fault they were simply following gov guidelines.( which they HAVE to do to do buisness in the US)
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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