basket case = a complete wreck A basket case of a bank is a bank that is no longer functioning properly, and consumes a lot of government money. A number of nations are also referred to as basket cases. That's as far as this comment goes.

Hopeless, unable to do things right, uncapable of function the way they supposed to...

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it means an infirm or failing person or thing - unable to properly function. Originally this referred to soldiers who had lost arms and legs and had to be carried by others. More recently it has been used to denounce any failing organisation or scheme and is rarely applied to people. cowboy...

someone on too much drugs? :P