What’s Coming Shortly Is Bad, But…

Sure, you’ve got some things lining up for the second phase of the Meltdown. For your consideration: 1) FDIC has run out of money so they’ve stopped closing banks they’d otherwise have to bail out. Ominous, as this strategy is not sustainable. [link] 2) CITI bank has lost $8,000,000,000 in their credit card business this [...]