T Nation

Nine US Banks Seized by Fed Government in a Single Day

http://news.yahoo.com/s/nm/20091031/bs_nm/us_usbancorp

“The highest annual level since 1992”…yah, so? We haven’t even surpassed 1992 levels? I would feel better if we were twice 1992 levels.

Shitty banks failing and being aquired by better banks = good.

debasing the dollar and saddling future generations with huge debt to save them = bad

debasing the dollar and saddling future generations with huge debt so that shitty banks can buy other shitty banks = bad

Sorry…

Shitty banks were given ma$$ive amounts of capital… Most are still insolvent. Can’t let the good o’l boys fail, why then it invalidate the idea of Rich is right… The whole universe’s existence would be in jeopardy…

Most of the banks failing are small banks with local commercial loans.

[quote]Null wrote:
Sorry…

Shitty banks were given ma$$ive amounts of capital… Most are still insolvent. [/quote]

Yep.