And the reality is, if the subprime securities are truly trash, most of the big banks are troubled and some are insolvent.
For more than a year now, little Greece has been insolvent after its politicians recklessly piled up $467 billion in debt.
As we have seen over the last 18 months, the latter is what near- insolvent banks do.
The truth, as many experts have maintained, is that the leading banks are insolvent, and have been so for more than a year.
It is too insolvent a state of things for any one with any self-respect to entertain, and is universally scouted.
An insolvent debtor had spit in his face; he bore it smilingly.
He took a long walk, for after all what is the good of hurrying back to shop when you are not only insolvent but very soon to die?
We wonder if the Ipswich automaton would arrest an insolvent?
He often declared that until 1840, he was "insolvent, but no one knew it."
Crumbs of comfort these, for the creditors of insolvent Spain.