FDIC, big banks, little banks

Every week, the FDIC closes more banks. They are taken over by other, healthier banks. At the same time the "unofficial problem bank list" seems to grow every week.

It now stands at 727 banks.

Not only are we not breaking up the "too big to fail" banks, we are failing those not "too big to fail" and making other banks bigger.

there just seems to be something very wrong about all of this crap.

we bail out the banks who CAUSED this recession -- and then punish those Community Banks who got caught in it.

Doesn't something smell really bad here?

I suspect we are heading toward a REAL "day of reckoning", when this entire economy just comes tumbling down. Of course those "too big to fail" banks will (fail), along with everything else.

Obviously we, the non-rich, will suffer most. If there is ANY justice, the perps. will not get away to their "cozy hideaway" on 1450 acres in some other country -- living out their lives as feudal lords.

i'll be damned if I'm going to start tugging my forelock at this age (actually I'd have to lower my head and curtsy - or some such rot).

Now, those huge banks are telling the Gov't if ANY reform is acceptable -- while those smaller banks that actually loaned money to folks like local builders, local business people, go out of business and get swallowed up.

Oh yeah -- don't forget -- there seem to be more "problem banks" added to the list every week.

It just smells rotten.