Aug 17
The point is that the banks ARE insolvent and unless American taxpayers collectively (i.e. via the government), take on a load more debt to pay them for their stupidity; at some point someone is going to find out.
Outside of the government handing out $50,000 tax credits there is little anyone can do to reverse the relentless grind of reality.
This is the reality of a bubble:
via Seeking Alpha.
