Friday, September 26, 2008

Sinking Fast

Last night Washington Mutual became the largest bank failure in United States history.

Wachovia looks like it will be the next bank to go belly-up.

And Institutional Risk Analytics, using FDIC data, lists Bank of America, Chase, Citigroup and HSBC as additional big banks at risk for failure.

Helluva Bush economy we got here, eh?

Well, I suppose Helicopter Ben Bernanke can just shower trillions more on Wall Street and the rest of the country via the Federal Reserve printing press and permanently low, low, low interest rates if and when those babies go belly-up too.

That should solve the problems...

Or maybe not.
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