>> so if the avalanche rolls, will FDIC mean anything? The gov't isn't the most stable financial institution nowadays, their fiscal credibility is shredded. They owe incomprehensible amounts of money.
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>That was my comment to my friends. It's taking a situation in a critical point in time and pushing it past the breaking point. It's creating a disaster out of a small sized mountain. They got wind of a dow crash coming on top of the banks failing...
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>Now the latest news doesn't support that (in fact the opposite), however, we've seen this go up and down before in history before a major major crash.

There's an old story about Milovan Đilas, a high official in The Party in the late forties (who was later forced into very early retirement and public silence because of how critical he was of his comrades - his article "Anatomy of a moral" shook the house). He pulled a prank - sent an anonymous message to a dozen of top members of the Central Committee: "everything is discovered, flee". All but one did.

A shot in the dark may actually stab someone. Specially now when the corporate socialism is allowed to emit even more imaginary money to plug the hole where other imaginary money vanished.