Who says the subprime crisis is over? Dow dips below 12.000

Let's not fool ourselves as Ben Bernanke does. There is no turning the corner on the subprime Ponzi scheme meltdown. You turn a corner, and voila there's another corner. Truth be told, you're in a maze without Ariadne's string. Today [18 June 2008] the Dow fell below 12.000, this despite the euphoria of two days ago that things were turning up rosy in the financial sector. Well, wake up and smell the coffee, old cocks, it ain't. The big banks are carrying beaucoup subprime debt, and you begin to wonder with all the hype from the banks and the press and the US government whether the books aren't cooked! No one is willing to say the emperor's wearing no clothes, but the left wing press and blogs and the keen eyed who won't keep quiet. So here we are in a fine kettle of fish without a recipe...if we rely on business as usual, we're sunk, and ain't that the truth!