dimelab dimelab: shrinking the gap between talk and action.

essentially insolvent Topic in The Credit Debacle Catalog

Mon 2008-08-04 00:00 EDT

Is the U.S. Banking System Safe? - Seeking Alpha

Is the U.S. Banking System Safe? by James Quinn - Seeking Alpha; "The U.S. banking system is essentially insolvent. The Treasury, Federal Reserve, FASB, and Congress are colluding to keep the American public in the dark for as long as possible...When you see a bank CEO or a top government official tell you that everything is alright, run for the hills. They are lying."

Seeking Alpha; U.S. Banking System Safe.