Friday, September 4, 2009

WOW!

I thought keeping track of bank failures would be a simple thing -- something to tut-tut about.

I did not think the number of FDIC seized banks would grow week to week. It's reaching the point where it actually frightens me.

The talk is about "recovery" while the unemployment rate goes up, banks fail in greater numbers, and FDIC seems to be running out of money.

There's talk about a "double-dip" recession, prosperity has not reached Main Street, and Wall Street seems to be going back to its old habits -- can you say Scary S**t?

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