Back in time- the early 90's ! I look at Google finance page and some others for insight to understand current happenings and changes in business,finance and the economy. Today aprox 416 banks on Fed watch list! Lately the estimate that 50% of homeowners will be upside down on their mortgage by 2011 ! Disturbing to me that backroom deals have been made to absorb these institutions before the feds blow through the doors! Where is the market ? Does the FDIC know best? Yesterday- FDIC reserves the lowest since the 90's also- clawback to the taxpayer for more $$$$ Yesterday-unemployment likely higher than reported ? Absolutely. I pray the bloodletting stop, that confidence be restored, that the Government wake up and focus on being responsible and making sound decisions about spend, spend, spend! They spending money they do not have that they are taking from Americans that work, who have not even had the opportunity to earn it yet! Taking to waste ! Stop this madness please and return to fiscally sound principles, An absolute necessity-NOW We are going backwards in a hurricane and the winds are increasing! To the gubment-stop spending what you do not own or have so recovery can become a reality! What a mess that greed and wasteful spending have created!
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