Saturday, Jul 26, 2008
Major banks like Wachovia, Chase and Bank of America are tottering and no one is lending money to anyone anymore.
TBR News via ts: Voice of the White House July 25, 2008
Congress has rushed through a Band-Aid bill to : ‘help’ home owners but it is far too little and far too late to do any good. Major banks like Wachovia, Chase and Bank of America are tottering and no one is lending money to anyone anymore. Credit is drying up, evictions rise, along with gas and food prices and unemployment is just behind all of them but rising. Some of this collapse is the result of overextension, some the result of greed and much more the ineptness of the Bush administration but the fact is, we are teetering on the edge of the quarry cliff and what is coming is slow disintegration
Posted by malct @ 03:27 PM (115 views) Add Comment
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