SLW

That Sucking Sound? It's FDIC Insurance Taking Over

The article plays to emotion and I would say is borderline irresponsible. Our banking system has been and continues to be the strongest and most admired system in the world. To suggest otherwise in an attempt to undermine our confidence in the system accomplishes nothing. Do you expect the corporations and other large depositors to move their money to a mattress? Perhaps to some Wall Street money market funds? Some banks are having some problems - it's the nature of the business and, actually, a sign the system is working. No pain, no gain.