Sentinel

Daily Pundit on the Dodd $500B FDIC credit line bill: "If an appendage of the banking industry like Chris Dodd is being instructed by his owners to increase their credit line by 1700% (!!!), it’s a dead (pardon the term) giveaway as to what shape the bankers think their businesses are in."

As I have said for weeks and weeks, the top 20 banks in this country are insolvent.

There was 400 Trillion dollars in derivative valuation. If just 5% of that was real, (and that's a VERY low ball estimate) then that's 20 trillion dollars.

That's more than the total assets of the top 20 banks combined.

Let's say that 20% percent was real (that's 20 CENTS for each dollar) then that's 80 Trillion dollars.

That's about the valuation of the ENTIRE WORLD'S STOCK MARKETS COMBINED.

Ol' Dodd and Gang(sters) in Washingtonland know the score. So does the FDIC.

Look for another bail-out before the end of the year.