How big is the banking crisis? - new evidence

[philb]

FDIC Is Broke?
Report: FDIC May Borrow Money From Treasury:
The Federal Deposit Insurance Corp (FDIC) might have to borrow money from
the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
http://moneynews.newsmax.com/headlines/fdic/2008/08/27/125366.html

BANKING: Fannie and Freddie burden JPMorgan
As the banking sector braces for losses from the crisis gripping Freddie Mac
and Fannie Mae, the investment bank JPMorgan warned of a possible 600 million-dollar loss from its investment in the two mortgage financing groups.

http://tinyurl.com/6e7jez

U.S. Says Banks on `Problem List' Rose 30% in Quarter:
The U.S. Federal Deposit Insurance Corp. said its ``problem list'' of banks
increased 30 percent in the second quarter to the highest total in five years as more commercial real-estate loans were overdue.
http://tinyurl.com/65dymv

Will the dollar decline continue due to Treasury printing ever more money for bailouts related to failure to address reality and policy failures?

Where does this lead?

[philb]

1. Energy dependency, huge transfers of capital and wealth, increasing debt; when does it end?

www.flcv.com/natdebt.html

[AdHocSolver]

2. With the U.S. deficit already in the trillions of dollars range, where are they going to find...

the billions to loan the FDIC? The U.S. is running a Ponzi scheme that is already starting to collapse.

Oil producing countries are fleeing the dollar, and are beginning to accept payments in Euros and Chinese yuan. As the U.S. dollar continues to decline as the international currency of exchange, China, Japan, and the wealthier European countries will no longer feel the need to prop up the U.S. dollar.

The U.S. dollar is being boosted by the money speculators just as the price of oil is being boosted by the oil speculators. It is a game of musical chairs. When the music stops, it is going to be the U.S. that is left standing. The corporate insiders will have made their profits and will no longer prop up the U.S. economy.

This is a replay of the 1920's and the 1930's. The people running this planet are a bunch of con artists, and most of the pundits and economists are just spouting bullsh*t. All the maneuvering is being done to protect the assets of the wealthy classes. Lowering the interest rates was exactly what was done just before the depression hit in 1930. In fact, it was the lowering of the interest rates that promoted speculation in the stock and real estate markets that CAUSED the depression of the 1930's.

It was the artificially low interest rates set up by Greenspan and the Fed that promoted the stock market speculation and real estate bubble of recent times. The stock market is being propped up by the speculators buying and selling each others stock. As long as they keep trading, the stock prices will stay up, since the price is determined by the traders, not by any inherent value of the company. That is why Bear Stearns and Enron collapsed so quickly: people stopped buying the stock.