Hal.P.

FDIC's Latest Proposal Will Simply Help Big Banks Engineer Healthy Balance-Sheets

Kind of sorta sounds like a shell game. And the American public is the one trying to find the pea, supply the pea, and ain’t going to eat the pea.

The Banking Panic Isn't Over

Good article. I think we are yet to see the worse to come too. Like then, what is taking place is an attempt to not face the bad decisions head on and accept the consequences and let banks and investments fail. The hope is that by merging good with bad that the good will somehow heal or spread the failure across the system so that it won't hurt as much.

But that's not how it's going to work. Gangrene has set in and must be cut off. Merging is only going to spread the sickness and increase it bringing everyone down hard, just like it did back in the 1930's. It's one of the reasons that China is doing it's best to shore up their gold holdings and get rid of as much US debt holdings as they can. They see the dollar as a dead man walking.