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The question I have to ask most economist expected some kind of large bank failure over a year ago. Does it seem a little odd that this hits so close to the election. I also find it a little odd about the size of bank rescue 700 billion. Anyone taking office now is likely going to face some of the most difficult Government problems. I have a feeling the Democrats in two years are going to held responsible for not turning the Country around as fast as people would like sound similar to some other time? Think early 1990s when both houses where cleaned out and replaced by Republicans. Not saying that these are tied together but the time bomb was set on the way out the door.
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