this is garbage no way! these banks are insolvent. they are so over exposed. funny how all these companies came out today citi,gm,bank of america. i guess obama is letting them cook there books now. what a joke. anyone that knows economics know that these are flat out lies! dont fall for it.
The bank problem is closely linked to foolish government policy. Bank Of America was providing credit to illegal aliens on the hope when that defaulted they would count on The FDIC would bail them out. The FDIC is backed by taxpayers who now find themselves in a tight spot. I'm one of them. There are a lot of people who belong in prison over all of this.