Friday, September 26, 2008

The biggest bank failure EVER in the history of the US!!

Can you believe this?? Wow, one of the major banks in America, Washington Mutual, has now gone belly up. Along with this, a huge financial bailout is on the table, we're facing historical times in America.

The government is on the verge of passing a $700 billion dollar bill to help aide the financial institutions of America. Meanwhile unemployment is creeping up, our 401(k)s' are taking a noose dive and home values are in a freefall. Not good!!

What happens if we don’t pass the bill? I have read all of these things…

x.) No more payroll for a lot of companies
x.) More banks will fail
x.) No more mortgages
x.) No more credit cards


to be continued…..

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