Eagle-Chief

S&P 1500 Regional Banks Index Down 33% YTD

Gentlemen - I think S.A. deleted my comment in which I said you look like geeks in suits. Anway, find better pictures than the ones above - pictures in which you look like "normal dudes." FYI.

The Second Wave of Bank Troubles

Bear Stearns was a HUGE thing (at least we have been told this much). I am hoping that Bear Stears was not just a little "wave" on the ocean and that the next round of bank failures/bankruptcies does not becomes like the 2004 Indonesian Tsunami ! We should be prepared. A financial tsunami alert has been issued (BY ME). Maybe a tsunami will come; maybe it won't. Let us not get caught with our pants down, or without life vests on. And please, get far away from the beach !
This is serious stuff. Read what Nouriel Roubini or Meridith Whitney has to say about the credit crisis.