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Old 08-15-2009, 12:33 PM
cobra de capell cobra de capell is offline
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More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5% of their assets, a level that can wipe out a bank's equity and threaten its survival. Their deposits total $193 Billion.

Laws are not being followed by regulators, allowing banks to function when they should be closed.

We appear to have avoided a depression, but we have in fact done no such thing. We have instead played 'extend and pretend.'

We are no way near the end of this crisis.
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