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  • Wall Street Breakfast: Must-Know News [View article]
    “The FDIC's watchlist of potentially problematic banks grew by more than a third to 416 in Q2, the highest level in fifteen years…”

    If the FDIC shutters all 416 it is still treating only SYMPTOMS, not underlying CONDITIONS. if instead we saved those 416 smaller banks (for FAR less money) and let Citicorp or B of A or Megabank Inc. die the natural death they should, given their mis-steps, mis-takes, and mis-appropriation of taxpayer largesse, we could probably safely move all Citi (for instance) depositors to smaller banks that would then be able to continue as growing concerns. And we’d have removed one more “too-big-to-fail” bloated cancer from our nation.
    Aug 28 14:18 pm |Rating: +2 0 |Link to Comment
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