Dividends Anonymous

The U.S. Banking System is Effectively Insolvent

I don't think anyone should necessarily discount Bernanke's ability to anticipate the true issues of this crisis. As an academic he's very capable of understanding what is wrong, but fixing it becomes a political issue now that he finds himself in the position of the Fed Chair.

Liquidity is the problem and the fact that no one wants to lend to anyone else because they're not confident that they'll still be standing tomorrow.

All this turmoil is horrible for the markets, investors and taxpayers, but its needed. You need to clean the wound before it can start to heal and what we're going through right now is a great big popping of an abscess!! YUCK!

The corporations that emerge from this period will be stronger than likely what we've seen for a long time. When that occurs no one knows, but we're reaching complete capitulation here so one has to wonder that a bottoming is occuring if not inevitable very soon.