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[nimblebear]

They are now asking banks to pre-pay $45 billion in fees for insurance. Woo hoo that ought to really cover those millions of home foreclosures to come yet, and the burst (and bank losses) coming in the $3 trillion commercial RE market ! Yet again, it will be taxpayers bailing out these losses in banks, and the money is just shuffled from one egg account to another. It surprises me sometimes the totally ridiculous claims that people believe in.... like their bank deposits will be protected. Americans sometimes are so skeptical of things that actually could be good for them, yet they completely fall for the infomercial deals, and MLS marketing schemes, and actually believe the government will somehow protect them in the most direst of situations. Its like Katrina and all the folks who thought they'd be rescued and they could move back someday. The smart ones left Orleans for good. Maybe someday, these Tea Parties, and Town hall meetings will actually turn into something real. Maybe someday people will actually get that they are being pilfered over and over again. You'd think that with over $10 trillion in national debt, and $70 trillion in unfunded liabilities like medicaid and SS, and state and local governments that are broke, or in massive debt, that people would wake up and actually do something more. maybe its just that so many people are so preoccuppied with mere survival they dont see how any collective grass roots effort would help to begin to put a dent in the damaging ways of our government leaders and special interests and corporate greed. I guess I'd have to say if a depression that is real severe is the only way true change is going to be brought about, change that actually results in positive things for THE PEOPLE, I'd say let it happen. Its sort of like Chicago losing the Olympics. That actually may turn out to be a tremedous blessing as people will now be forced to focus on the real problems at hand, like the absolute horrid violence that occurred just before the vote of the IOC, where a honor student was literally beaten to death in a senseless after school melee, or the $10 billion state deficit. But we somehow continue to believe, hope, pray these things will simply take care of themselves. If thats the optimism Americans are always accussed of, I'm not sure that's a good thing.