Investors should be wary

To believe that we are leaving the financial woods to a return to sunshine implies that we know what is going on. That certainly does not appear to be the case with the banking system as evidenced in Banks Have Us Flying Blind on Depth of Losses: Jonathan Weil . Is this incompetence or coverup on the part of regulators? Investors should be wary of either answer and recognize that they probably don’t have accurate enough information to be heavily invested in financial markets.