We've got to ask is anyone actually suprised by this. Maybe its because Le Met have been all over this for about 5 years now, but I kind of thought that most were aware that virtually every major US bank was insolvent and that the rank plethora of spin eminating from the financial fraud capital of the world was just that.
This is like a no win situation. They can't let them fail (remember what effect Lehman had) and they can't keep them alive.
Gold is going to shine VERY brightly when it breaks the Fed's shackles