Fed interest rate lowered by quarter percent before the big meeting where as much as a total of one percent is likely. Is that not a sign of a desperate measure?

Fifth largest investment bank in US for all practical purposes went under.
The price was two dollars because what? Because the true state was not revealed until the transaction was made public, so how many banks are in a similar state but denying to the public. So how much faith do you have in your bank?

I listen to the Canadian Broadcasting Corp. (CBC) news just about every night and they are begining to have some news about the economy (mainly US, just about every night ) and today they stated that during the depression about five thousand banks went under in the US but none in Canada. The reason is that US banks are credit based but canadian are credit AND Deposit based. I interpret that as the deposits serving as a foundation to stability.
Also the socialist canadians are more regulated while the US have almost none.
So for some of you americans, please take a moment to think for a while before you put down those 'socialists'. Also consider moving your broker busines to the likes of RBC Capital or TD Waterhouse before it is too late.

The beginings of a real panic?