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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (152526)	1/20/2009 1:23:22 PM
From: Brumar89	6 Recommendations Read Replies (3) \| Respond to of 173976

To quote our new President, Yes, I Can.

To: J_F_Shepard who wrote (152526)	1/20/2009 2:20:12 PM
From: geode00	1 Recommendation Respond to of 173976

Bush leaves us with an insolvent banking industry. "...Financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is “effectively insolvent,” said New York University professor Nouriel Roubini, who predicted last year’s economic crisis. “If that’s true, it means the U.S. banking system is effectively insolvent because it starts with a capital of $1.4 trillion,” Roubini said at a conference in Dubai today. “This is a systemic banking crisis.”... bloomberg