barcswine

The Second Wave of Bank Troubles

CASH is always KING when the ugly head of GREED becomes
apparent as the consequences of it are emerging now.

That said, even this financial crisis will eventually pass as such have in the past.

The FEDS need to pass financial "transparency" legislation to insure this kind of fiscal disaster never happens again; and if it does, those responsible go to prison for a long, long time.

Federal bailouts I guess are ok short term to keep the US economy on an even keel. However, very stiff Federal fines and long prison sentences are required to eliminate the kind of wholesale greed from adversely affecting the innocents (us) ever again.