This is long, but it's priceless and well worth a read... http://bankimplode.com/blog/2009/07/16/security-savings-bank-not-so-solid-ground/ P.S.: My religious and political views have nothing to do with the reason for posting...
A+ article. I have nothing but sympathy for anyone who thinks that the banks are in any better position, based on their financial reality, and not the pipe dream relaxation of accounting rules congress allowed them, than they were last November.