Tuesday, February 26, 2008

Did you see that?

This afternoon on CNBC Financial News, there was mention of the Federal Deposit Insurance Corp. (FDIC) bringing back retired staff to help with the potential of seventy plus small Banks Failing as a result of the Sub-prime fiasco.
That's right, Banks going Banko!!
I did hear one question go unanswered and that directed specifically to CNBC's own (So-Cal based) Mr. Herb Greenberg (http://www.cnbc.com/id/23351476/for/cnbc/), "why is the San Diego area home for so many of the Banks in trouble."
That inquiry just slipped away like an Illegal Alien from the scene of a car accident. Seems Herb's hearing went bad.
This San Diego involvement adds support to my theory, the invasion of Illegal Aliens as being the foundation on which our present Sub-Prime problems were based.

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