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Tuesday, February 26, 2008

American banks would seem to be insolvent


Everyone needs to pay attention to the banking situation. Everyone. Whether you have a million or a hundred in a bank. I don't pretend to know much about the banking situation but please look at the chart to the left and read the source here. Come to your own conclusion. Anyone who has been to a Safeway in the last month knows something is up in the economy. The media is, of course, still "wondering" if we are in a recession. Then again, if they could the media would spend 24/7 on Brittney Spears and Hillary's outfits. If we have learned anything in the last 7 years it is that the media is not to be trusted.

 

 
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