jim willie, page-4

The biggest problem and probably going to be called "For greater America" by Obama!

"The big dilemma: In any federal bailout of this nature, if the government uses taxpayer dollars to support the value of high-ranking securities (like bonds), it simultaneously destroys the remaining value of the lowest-ranking securities (like common and preferred shares)."

Nice protection solution below, and not to forget Gold is a hedge against catostrophic occurrances!

Step 1.
Get your savings out of danger
and to safety immediately!

Step 2.
Clean out your portfolio
of financial stocks!

Step 3. If you have other assets at risk — stocks, real estate or business properties — hedge against possibly devastating losses ahead with instruments like inverse ETFs or put options. Better yet, if you've cleaned out all of your vulnerable assets, consider using those same instruments to turn this dramatic situation into an equally dramatic profit opportunity.

IMO, we are between step 2 and 3 now!

CK