The bailout won't fix the banks

[r2d2investments]

economictimes.indiatimes.com/Bank_failures_to_rise_next_year/articleshow/3563965.cms

read this article, it says although it will help fix some of the problems with some of the major banks, over a hundred will still collapse next year, plus the FDIC will need far more money which it will have to borrow from the treasury.

I do believe what is being said here that a partial diversification of offshore banking, cash in the mattress, etc. is necessary for survival.

[richestanywhere]

the stock market is showing this. i hope they aren't spending all of that bailout money, just selected portions on emergency bailouts. and we better get the money back when those companies become profitable again.

[protection2008prop]

Oct 6, 2008 9:47:08 GMT -5 r2d2investments said:

economictimes.indiatimes.com/Bank_failures_to_rise_next_year/articleshow/3563965.cms

read this article, it says although it will help fix some of the problems with some of the major banks, over a hundred will still collapse next year, plus the FDIC will need far more money which it will have to borrow from the treasury.

I do believe what is being said here that a partial diversification of offshore banking, cash in the mattress, etc. is necessary for survival.

nows a bad time to be a politician - well actually not, it certainly pays well and keeps you in office for a batch of years, but anything they do for awhile will result in nothing but more dismal failure.

[pennypincher]

this makes me and the rest of our country pull our hair out. and it's just opening a can of worms for a ton of other industries and companies to get bailed out next and it will never end.