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Bakotime: "...major banks like BS going under because of a credit crunch..." Bear Sterns is not a bank. It is a stock brokerage firm doubling as an "investment bank" that was allowed to operate LIKE a bank in some ways but without the same regulatory oversight. We're not hearing about real banks going under with massive sub prime debt because banks aren't allowed to do that sort of business. Fortunately, banks aren't allowed to play too fast and loose gambling and speculating with depositors' money or the financial debacle might be much worse. When you invest or deposit your money in a government insured bank account, the bank can't "invest" your dollars in junk paper. This financial crisis underscores the perils of the government sanctioned marriage of stock brokerage and investment "banking" which condones the loose use of investor's funds. Real banks like Chase Bank have also...

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