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Avoiding sudden ruin??Why is it that we are limited to knowing about just a few banks per week failing? Assets are being carried on the books that simply either do not exist or aren't worth much, if anything. Just look at all of the homes that are empty and not selling and all of the commercial centers that are empty or nearly empty. Tens of thousands. I realize that extra time allowed will let some of the individuals in those failing banks find a way out, but it won't help the stockholders. I have a great fear of bank and insurance cover-ups at the expense of us and at the gain for them! The current administration has been there about 140 days and have not yet figured out a way to "call" all of these dudes running our economy. The former administration knew about the problem for at least two years and hoped it would go away somehow; or at least let them "get away." There is no way it can be "fixed" now it was so bad. Hoping wars would do the trick did not work. Bonkers's blog | login to post comments |