RJMoran

Another Big Bank Failure: More Likely Than Not to Occur

Even our cool, new, levelheaded President has said: "This is going to get worse before it gets better!" So fasten your seat belts kids!

Another Big Bank Failure: More Likely Than Not to Occur

The only thing I might add is 'Don't Fight the Fed'! They have said, out loud, that they will do Anything and Everything to keep alive the "Fortress Banks" including buying equity,etc...! The time to short the 'big guys' is probably passed. However, there remain MANY regional and local banks and lending institutions that WILL buckle in the coming year. I also think the fun has just begun in Europe! It could be a LONG, HOT summer! BEST of luck to everyone in 09 and, oh yeah, there is NO substitute for manners...!