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Obama could have put the banks into receivership without waiting for Congress
The FDIC is on a steady diet of up to 4 failed banks per week...

The brainless should not be in banking. — Willem Buitler
by Migeru (migeru at eurotrib dot com) on Mon May 18th, 2009 at 09:22:25 AM EST
[ Parent ]
Let's not forget OTS. Newspapers haven't. Like butter: Squeezed between the trustee's sales (e.g. what's left of print classified sales, 15pp solid, WaPo, 13 May) you may spot public notice of seizure addressed to creditors.

Diversity is the key to economic and political evolution.
by Cat on Tue May 19th, 2009 at 12:41:35 AM EST
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