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Great write up on Carlyle and its affect on the banking system on Minyanville.

This exactly reflects my thinking last year when I started warning everyone I knew to get out of their banking stocks.

I am completely out of a brokerage account, well, I have 2-3% left at a brokerage because it is a locked in remanent from an incompetent financial adviser, because my thinking extends these problems to brokerage accounts.  You can absolutely be doing the right thing, but there are morons that surround you and they can put your financial institution in dire straights and that is the risk I'm avoiding. 

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