My blog post of yesterday was pretty spot on regarding the sentiment in NYC. Those who can will pay back the government capital injections; operate in an unregulated fashion; and recruit and retain the best and the brightest. Those who can’t will be run as government like agencies and perhaps lose some really good people to stronger banks and foreign concerns. The remaining big and healthy will get stronger. The weak will get weaker.

Time will tell how this will all shake out but the unintended consequences of new laws in times like these has already started.

I wouldn’t be surprised if the U.S. Government ACQUIRED, NATIONALIZED and OPERATED the big banks at some time in the near future. There are 10,000 people running the financial institutions and who are considered traders. They all were selling while the rest of America was watching our new President speak and hoping for a better day.

Talk about a disconnect. Talk about being outside of the rest of the world’s mindset. Talk about two realities.

BUT the banks are being saved by our MONEY. They had better get wise soon. They had better start to believe in our future and have confidence in our system. I am being serious when I say that I can see a day when the U.S. Government takes over and manages banks because their management has LOST THE CONFIDENCE of our political leaders.