Banks aren't lending money? Maybe that's because they're all going bankrupt. If the pace of the last two months continues, the only banks left in the U.S. in a couple of years time will be the state owned superbanks that are "too big to fail."

A. Fekete (article I just posted) suggests that some people may be quietly withdrawing their money from US banks because they don't trust the FDIC. I think that's a reasonable precaution. With rates as low as they are, why take a chance for such a puny return?

ebear