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To: DebtBomb who wrote (123812)	5/18/2008 4:48:07 PM
From: CBurnett	Read Replies (2) \| Respond to of 306849

The Bush admin's now know 125.00 a barrel oil won't collapse our economy.However, history has not yet been written concerning the latest " data " from the Feds. Maybe this frantic oil price increases is a test to see how we could handle a " confrontation " with IRAN ? Past concerns ( back to 1980) cited a complete shut down of the straights of Hormuz if we attaked the IRANIANS. This of course would inflate a barrel of oil past 100.00. Unthinkable at one time. Just wondering and thinking out loud...actually, I dont know what to think anymore.

To: DebtBomb who wrote (123812)	5/18/2008 5:37:27 PM
From: Jim McMannis	Respond to of 306849

Barbarians at the vault economist.com Modern finance is under attack. Yet the banking system has done much better than it is given credit for BANKS have endured a brutal nine months since credit markets froze in August. Losses and write-downs already total $335 billion; many of their best businesses have disappeared. In developed economies, almost all banks are facing economic and regulatory headwinds that will cut revenues and jobs. Yet the biggest danger facing Western finance is not a fall in its earning power but a loss of faith in how it works.