Is US Banking System in Trouble? My father often told the story of his father burying $25,000 in his front yard during the Great Depression because he couldn't trust the banks not to fail.
http://news.bbc.co.uk/2/hi/business/7296827.stm
In reading the above article at this URL it makes it clear we may be at such a beginning of major bank failures here in the US. The Problem appears to be Bear Stearns and the way it has been positioned in relation to Wall Street since 1923. It could be a lynchpin in the tumbling of many banks because of its position, so this is a far more serious issue longterm than is being given necessary press coverage inside the US.
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