Wednesday, April 9, 2008

Banks' Troubles Are Not Going Away...

Slow. Metered. Words. But, when banks stop lending, that sort of stops their ability to raise capital. We're nowhere close to anywhere near the bottom the Big Ugly. They way that they are straggling this out, covering up their losses, finagling their statements is forcing one of those "Day Of Reckoning" situations, when everything finally snaps all at once, and goes to hell in a short period of time. The thing is, they are not fooling anyone at this point. Everyone knows how bad the situatio

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