Monday, October 19, 2009 10:43 AM
.........Note that nobody in the mainstream media bothers to bring up "Prompt Corrective Action" and demand from Bair and rest the answer to one simple question: "How does a bank get into a situation where it has a 20, 30, 40, 50% loss on it's asset base when Prompt Corrective Action and Tier Capital requirements are supposed to cause banks to be seized before ANY loss occurs?"
Don't expect the mainstream media to get off their knees any time soon, just as Congress and The Administration have refused to do so. Full Story
