They have announced 400 more banks on the danger list of going under. Bad Bad Bad thisis looking very gloomie.
This did happen in the Clinton administration however, as cubby pointed out the President cant do anything it takes congress to do that and the Republicans controlled congress and the Senate during the Clinton administration We are on a fine line from recession to a major depression if we fall into the depression everyone that has anything of value will see it disappear lets pray that does not happen.That's what happens when you deregulate banks and have no oversite. This goes right back to Clinton and his administration. And you don't think we are in a deep recession yet? Wake up. No one spoke up to stop Clinton, let us hope and pray that someone, lots of someones will step up and stop the current administration from throwing away more money, money we don't have and haven't had for a long time.