So.... looks like British (especially) and American banks are slowly and quietly moving towards collapse....
I am thinking 2 of Citi (already basically gone) and JP Morgan and Bank of America will be gone by the end of the year with the 3rd close behind them. That can't be good, although it is probably for the best in the long term and would maybe(?) have been the better choice (a forced break-up) earlier in this 'crisis' .
Meanwhile the automakers are not getting any closer to being viable either. What happens to the markets when they come back for more money in 3 months(?) and people realize this problem has not been solved in the least?
Interesting times....
Oh yeah, and then there is that 1-2 Trillion dollar deficit soon to be announced....
Claeren.
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