Big Bank Failures

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TheRealMafoo

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TheRealMafoo on 06 March 2009

I think the government has finally realized that throwing money at this problem is futile. Time to fill the FDIC coffers, and brace for major bank failures.

http://money.cnn.com/2009/03/06/news/dodd.fdic.fortune/index.htm?postversion=2009030615

Now if only they had realized this 2,000,000 million dollars ago. (I could have said 2 trillion, but 2,000,000 million hits home a little harder)

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Kasz216

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Kasz216 on 06 March 2009

Time to invest in commodities?

Ironic coming from Dodd as well.

Wasn't he number 1 when it came to bank payoffs... i mean campaign contributions.

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Soleron on 07 March 2009

lol, the UK government hasn't realised this yet.

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