Scary stuff, from Gateway Pundit:
On Friday, the US government stepped in and sold Washington Mutual after customers withdrew $16.7 billion from accounts since Sept. 16th leaving the Seattle-based bank "unsound." It was later announced that Washington Mutual Inc. bondholders were likely to lose most of their money. This was a HUGE mistake by the government and must be corrected quickly or it could have major consequences.
Head over there to read the entire report. I am going to follow Jim Hoft's example and repost the video that explains how we got into this terrible mess. If you haven't watched it, please take a few minutes to do so: