Instead of an improving economy, it is worsening. Instead of an economic recovery, we face economic ruin. It is called meltdown 101 and although we spent billion on TARP for the bankers. Hey, guess what, bank struggles are worse. In 2007 only three banks went under, but this year near ninety were taken over by the FDIC. Sadly, so many bankrupt banks have gone under that the FDIC that insures our money is now out of money itself. FDIC may need a bailout this year just like the bankers.
Showing posts with label Bankrupt Banks. Show all posts
Showing posts with label Bankrupt Banks. Show all posts
Sunday, August 30, 2009
Meltdown 101
Instead of an improving economy, it is worsening. Instead of an economic recovery, we face economic ruin. It is called meltdown 101 and although we spent billion on TARP for the bankers. Hey, guess what, bank struggles are worse. In 2007 only three banks went under, but this year near ninety were taken over by the FDIC. Sadly, so many bankrupt banks have gone under that the FDIC that insures our money is now out of money itself. FDIC may need a bailout this year just like the bankers.
Wednesday, March 25, 2009
Bankrupt Banks
TARP was an EPIC FAIL. The situation is so bad now the we may face bankruptcy in major banks. Sadly, our gov ignores poor people while it bails out Bankrupt Banks. This river of bad news has turn into a flood. Instead of fixing the problem we made it worse.
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