Obama Girl vs Giuliani Girl

2 Comments

• David Johnston says:

  October 9, 2008 at 2:35 am

  I was shocked to find out that the largest bank failure in U.S. history went down on Thursday, September 25, when Washington Mutual voluntarily filed for Chapter 11 bankruptcy protection. The Federal Deposit Insurance Corporation seized the struggling savings and loan’s assets and the company went into receivership. This could have been a catastrophic turn of events for America’s economy. “Consumer watchdogs” who hound payday cash advance lenders would slink off with their tails between their legs. J. P. Morgan Chase came in to buy them out at zero hour, staying the worst of the carnage, but the ominous warning signs remain. Will more banks fail? What would have happened if J. P. Morgan Chase hadn’t bought WaMu and the FDIC had had to pay customers back? That would have meant up to $100,000 per individual and $200,000 per joint account, as well as $250,000 for IRAs and so on. Many economists fear that such a bailout would have drained at least half of the FDIC’s reserves, which would certainly not bode well if more banks fail. Much of this has happened because too many banks have delved too greedily and too deep into the depths of the subprime home lending market. While some fear we’ll go even deeper into the quagmire, others think the problem will fix itself. In times like these, payday loans can be a small, good thing for consumers in search of short-term relief that banks can’t give.
• laptop battery says:

  October 22, 2008 at 7:24 pm

  Many economists fear that such a bailout would have drained at least half of the FDIC’s reserves, which would certainly not bode well if more banks fail. Much of this has happened because too many banks have delved too greedily and too deep into the depths of the subprime home lending market. While some fear we’ll go even deeper into the quagmire, others think the problem will fix itself. In times like these, payday loans can be a small, good thing for consumers in search of short-term relief that banks can’t give.