5 stars for you.  It is scary when we hear our elected officials telling us they don't know!!! 

Rush Limbaugh was talking about this yesterday. The scariest part is why was this kept so slient..

Stephen in this case sounds like individuals/entities did it. It was like a single entity that controlled $550b closed out their passbook savings, it was a collective withdraw, from that dollar amount had to be pension funds, mutual fund companies, etcc. This is what they talk about when they say there is so much money on the sidelines right now. There are trillions of dollars that have been withdrawn from capital markets and stuffed in mattresses, or put into treasuries, as people are happy to accept 0 instead of a negative number.

some of the rumors out there are spouting it was all foreign money

There is so much scary stuff coming out of Washington now that turning on the news is like opening your STD results in college. You close one eye, turn your head and hope for the best.

If I could give you 10 stars I would, a very informative video.

If the Democrats have the answer why didn't they do something this time last year, OH I forgot last year was an election year they did not whant to do anything that would make the cabinet look good.

The House and the Senate do not know what to do, at this point everything is a gamble.  When this all ends the feds will probably dump trillions into the mix.  What is scary is that during Omama's speech he said that the brightest financial minds are working on it and the recent stimules package is what they came up with.  They don't have a clue either.  These are the same guys who said a couple of years ago that the housing market would not burst and the economy is fine.

By sitting back and doing nothing would be the wrong thing, the feds have to do something, if this does not work then fall back and punt and try again.  The feds can not and will not allow the big Banks to fail.