[cobra de capell]

"Believe nothing you hear and only half of what you see, now more than ever."

And, that's the bottomline. By the way, funds within the banking environment are not distributed in a straight line - day one, invested in fed funds sold, day two in other investments and from that point forward into the loan category after the risk is fully assessed - it really is impossible to trace specific funds as thousands if not millions of transactions flow back and forth every day, sometimes every hour. At the end of the day, the issue is whether or not the banking industry is stabilized with no runs on big banks, etc. That has been accomplished, but sorting out those that are worthy borrowers is now the huge task - especially with all the big name companies going south at the same time with impact on all companies and consumers.

I've never witnessed anything like this - it seems like we are all screwed at one level or another - possibly at several levels.