Just a year back, FDIC taking over a Bank would be huge news.

Now all of us are so getting used to the word “Trillion”, a few million here or there spent by our sis Sheila hardly raises an eye brow. We have all been painted the grim picture of Great Depression while friends of Hank stole away our precious tax money which could otherwise be spent on unimportant things like education, infrastructure, free public internet, etc. All of us in this country have become like zombies, going to our daily work-life without a single word lest we lose our jobs and coming back to the darkness of our home, quietly without any outbreak of emotions while vultures feed on our hard earned tax money. United States of Zombies (USZ) where California is where the country’s capital has been relocated.

3 banks fail today is “better than expected” or “less bad.” I can hear the positive spinsters cheering that banks failing is slowing down, “we’ve turned a corner”. Next stop for the banks are double digit growth. Mutual Fund companies are taking peoples 401k money and plowing and piling it into bank stocks. Obviously, the average 401k investor haven’t lost enough money in the last downturn.

survivor

Related Posts:

• A Great 2008-2009 Depression
• The reasons why fiscal stimulus may not work.
• Don’t understand about FDIC
• A really good article on capacity utilization in the NYT.
• The solutions have been provided but, nobody likes them because they cause a depression.

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