Diane Ritter

Next Victim, Please!

Wachovia failing is good news. Bankruptcy isn't a symptom of the problem. Bankruptcy is the SOLUTION to the problem. If the FDIC would get the lead out and wade in there and close down the rest of the banks who's balance sheets smell to high heaven the whole crisis would evaporate. We don't need a mega dollar bailout. We need to CLOSE DOWN the rest of the problem banks and sell their assets to their competitors. Their healthy, well run, well managed competetors. And the sooner the better.