Global Investing Editor

Coming Soon: Banking Crisis of Historic Proportions

As a shareholder in BB&T which picked up the pieces in Colonial Bank last Friday with the FDIC; but the State of Alabama was nowhere in the deal, despit what the writer wrote, I think we are in quandary between laudable goals: saving depositors' their deposits which is a national obligation; and saving banks which is not. BBT bought the Colonial accounts in a sharing deal with the FDIC which makes BBT too big to fail. We are creating more and more oligarchic banks which are too big to fail in order to save depositors. which will win? as a BBT shareholder natch I am glad it is now too big to fail. but as a taxpayer I am not so sure