Hello Glenn,

The U.S. consumer is solely responsible for the banking collapse, "and here's how I got there.

1)4 years ago Americans went shopping on money they did not have? and never stopped.

2) They maxed every form of credit they had to do so.

3) Now they can not or will not pay the banks back, because it is easier in the U.S. to throw in the towel.

4) The banks do not get their money back! DUH!

5) The banks fail.

Simple Economics 101, " wall street, derivatives and all the buzz is just smoke and mirrors for too many people owe money and are not paying.

The U.S. has easily spent enough money to extend it's debt's for at least one generation and maybe two.

U.S. real production and ergo Jobs that make the money too pay the bills have dissappeared too competative markets.

Finally and not leastly if the banks really want to save at least themselves and regain their principle...... they need one radical leftist Idea. Do not collect the interest owed for two to three years apply all loan payment to principle. Freeze every credit card principle limit in place for two to three years. Recouver all delinquent cards at 60 days plus.

Americans can take this deal now or perish on the sword of interest for decades to come.