Reply #4: Maybe you can explain how the US financial system will

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"burn to the ground" when we have a 2.5% foreclosure rate (the rate during the Depression toppped 50%).

Banks want to make money too, and they can't without lending money. So Sept 30 will come and go without the sky falling, and Henny Penny Paulsen will have even a harder time selling his handout.

We almost had a run on WaMU yesterday, but the depositors couldn't run as fast as Morgan Stanley did to buy it up. :D