and just another article, confirming the IMF view, from Roubini:
Roubini Says U.S. Banks Insolvent, Will Have to be Nationalized
This is it. all those bailouts are:
http://www.bloomberg.com/avp/avp.htm...rwm8k_ARvE.asf
money into the blackhole, since banks are going to be insolvent anyway.
on the other side, the nationalization isnt great way too, just one look to the Iceland says more then enough...
the default is the only way.