OK we were told all was well. The bank bailout is never over. Right now we find out that banks need more trillions. They are in a liquidity squeeze. Sadly, even major banks will be pushed over the edge on this one. Expect FDIC to announce it can now longer guarantee people's deposits and a bank holiday similar to the one in the 1930's to take place.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment