I think some banks, which may have been hiding their situation or trying to prevent a failure, are considering coming clean now to take advantage of the bailout...
>WaMu failed last night, they are selling off the deposits and branches, but another giant drain on the FDIC, which will surely buckle under the weight of the coming bank defaults unless they pull off the big bailout.
>
>Bob
>
>>
http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=amZxIbcjZISU
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"When the debate is lost, slander becomes the tool of the loser." - Socrates
Vita contingit, Vive cum eo. (Life Happens, Live With it.)
"Life is not measured by the number of breaths we take, but by the moments that take our breath away." -- author unknown
"De omnibus dubitandum"
