For those holding out hope that the American economy can miraculously avoid a long and deep recession, consumer credit is often viewed as the wonder drug that can cure all manner of economic ills.

The tragic end of the Great Moderation…deflation works on yesterday’s bubbles…the new Alpha male on Wall Street. The frogs are now richer than Americans…and more!

After a week like the one we just had, “black seems white;” “up seems down,” “conservative seems liberal” and “bearish seems bullish.”

Now that Congress is getting involved, we should see some decisive action, a clear and easy solution to eliminate the financial collapse now knocking on our doors… and if you believe that, I’ve got these great banking shares to sell you.