"The United States banking system is effectively insolvent…"

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I can’t write anything long about this. as I’m out the door to go substitute for a math class. Yes I did say math, my “favorite” subject (hey, I’m learning to love the bomb). I just want to be on the record as saying that I totally agree with this assessment, and that the stimulus package, while it will provide needed jobs for some, won’t get us out of this recession. Only when those those unhealthy banking institutions fail will we see the apex of this severe slump.

Gotta Go.

PS. I predict it will be B of A that fails first… or Wells Fargo! :-).

No Comments to “"The United States banking system is effectively insolvent…"”

  1. By Bessie, February 16, 2009 @ 10:41 am

    I completely agree with you, I am also very tired of all this talk about politics and economics, I think now it’s time to unwind and talk about something else.

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