That banking crisis?

Yesterday morning, on NPR's Marketplace Morning Watch, Bill Radke was interviewing Juli Neimann of Smith, Moore and Co.--the financial advisors--in St. Louis. They were talking about the "too big to fail" controversy and finished by discussing our current banking situation here in the US and even internationally, because of China right now. I found the following exchange very enlightening to the point of at least cautionary, if not depressing: RADKE: "...Juli, what I want to know is, obviously the economy isn't super right now, but isn't the banking crisis not behind us now?" NIEMANN: "Well the pressure is building once again though. China fired the People's Bank of China president -- $430 billion loss in treasuries, that could cause a bank crisis over there. Europe -- the bank problems aren't over yet. Sovereign debt problems are rising up again and here in the United States, 15 percent of our banks are still in trouble. And that's due to real estate, and we saw this morning it is still in the ditch. So this is not over." Whole lotta' shakin' goin' on, folks. Good luck out there today, people. Link to original story: http://marketplace.publicradio.org/display/web/2010/08/31/a-look-at-too-big-to-fail-banking-crisis/