I agree with you, makes you want to question the gov't baleout.
I think I will spread my money around to many banks and not take any chances of not being covered by FDIC insurance (which is questionable if they can survive).
mide I agree that Cox is a jerk, but his status isn't higher or lower than the rest of he SEC Chairmen. None of them, appearantly were required to pass the basic NASD test for Broker/Dealers or Registered representatives. This would be helpful based upon the expectations that they would enforce the law. The entire group has spent years figuring out how to get around the law.