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Seems like the big panic may be on its way out, unless there is more to come on, so-far, hidden financial irregularities.

What caused the banking collapse anyway? It seems to me, that it was mainly banks etc, lending out money they didn't have at a fantistic exposure; 40-1, that's lending out 40 bucks for every one they took in.

Then, somewhere along the line one bank decided to ask another bank to refund an inter-bank loan, and, it couldn't - Crash!

Now, it's the worlds' taxpayers who are having to bail out this bunch of greedy bastards - greedy bastards who, in the main, won't lose their jobs, or, even be held responsible.

Just for the hell of it I'll throw in a conspiracy theory: Governments, or, a Government, decide to take action to gain control of its, or their, banks, and their huge profits, and international influence! Which Government???

Of course it is. It's been the international banking industry all along that has orchestrated the march toward the NWO.

Unfortunately I believe that the panic will reappear in stages. The public of the world will be given small reprieves to keep them from banding together and overtaking the culprits. The masses do have to be kept under control.

There will be improvements along the way but times won't be as good as they were before. Jobs will appear but they won't be as lucrative as the one's that people lost. More and more people will be totally under the thumbs of those bankers.

Look at the obscene profits those guys made. That's all money that they've already made and tucked away. The losses will be borne by all the common folk. Those capital infusions are all a means to insure even more power for those who are pulling the strings.

Unless people join together to make the necessary changes in the power structure, they'll find that the die is cast.

You could look at it another way; that it's the world governments taking steps to prevent the big banks marching towards that NWO!

The Govts now have a huge slice of those banks, and, with new legislation, in Europe anyway, that any future bonus will be in the form of bank shares, though I think that they should go a step further and state that those shares can only be sold, either back into the bank, or by the respective Govts.

They're watering down the disclosure requirements and papering over the problems. WASHINGTON (MarketWatch) -- The U.S. Financial Accounting Standards Board issued a clarification late Friday of its mark-to-market accounting rules that could allow financial firms to value some illiquid assets higher than those assets could sell for in the current distressed markets. The FASB ruling amplifies a statement it released with the Securities and Exchange Commission on Sept. 30, with examples of how companies should use their best judgment to value assets that have no active market. "Determining fair value in a dislocated market depends on the facts and circumstances and may require the use of significant judgment about whether individual transactions are forced liquidations or distressed sales," Friday's FASB statement said. "In determining fair value for a financial asset, the use of a reporting entity's own assumptions about future cash flows and appropriately risk-adjusted discount rates is acceptable when relevant observable inputs are not available," it said. Read full FASB position statement. Many critics of mark-to-market accounting rules say banks have been weakened by the requirement to significantly write down the value of some assets. However, the latest ruling by FASB is not a complete rejection of mark-to-market that many companies, trade groups and politicians have been seeking.

And I'll add: By using TAX PAYER SUBSIDIES to bail out any business we no longer can call ourselves a FREE MARKET SOCIETY!

Seasoldier/What leadership has done is vote to buy off one credit card with a newer one! And who ends up paying for this, you and I!