Times have changed...

As I watch CNBC and like programs, the "D" word is starting to be mentioned. I think in many ways it is at least a healthy sign that people are at least starting to see the scope of the issue. I think a great many more people will realize this over the coming weeks with the likely nationalization of Citicorp and Bank of America. I think the proverbial "writting is on the way." Regardless of the administrations statements about 'prefering a private banking system,' over the next few weeks, I think the scope of the problem will make it evident that the banks are flat broke. In addition, the moral hazard issues of people not paying their loans to get government deals will provide the final blows. I hope the resolution will come quickly as I think the biggest potential problem could be the 1930s type "run on the bank." I pray for calm and for good governmental leadership in this perilous time of our history. We are at a real cross road in our country's history.