Back on the interwebs

I know I missed a slew of bank closings while I was off line Saturday. Will pick up on them later.

So much stuff is happening -- Greece, U.S. rating agencies apparently "selling" AAA bond ratings to folks like Goldman, etc.

It seems about 93% of those AAA mortgage derivative bonds are now rated as JUNK. Either those folks are STUPID or, they are corrupt. As has been said before -- hoocouldanode?

Cost of borrowing for Greece now over 9% -- not the kind of stuff for widows and orphans.

More to come through the day.