World Financial Meltdown?
Maybe Houston is a picture of what's happening in the world. I am talking about Houston after hurricane Ike. Just how far does our government think they can go pretending to keep things going well? How many corporations can our government bail out? At what point does our government run out of making money or do we just keep printing it until we have to change the currency or devalue it.
Houston- World, We Have A Problem!
So, our government (it is OURS isn't it?) has just bought an 80% (actually 79.9%) in AIG.
We the taxpayers have just invested $85,000,000,000.00 in a bankrupt corporation. That was after we rescued (you and I) Fannie Mae and Freddie Mac the week before. But we decided we couldn't or didn't ant to buy Lehman Brothers. I mean after all there is a point- and we may have just reached that point.
Remember the FDIC that INSURES your funds?
The Federal Deposit Insurance Corp., whose insurance fund has slipped below the minimum target level set by Congress, could be forced to tap tax dollars through a Treasury Department loan if Washington Mutual Inc., the nation's largest thrift, or another struggling rival fails, economists and industry analysts said Tuesday.
Forget about trying to get a loan from a bank! :-(
Eleven federally insured banks and thrifts have failed this year, including Pasadena, Calif.-based IndyMac Bank, by far the largest shut down by regulators. Additional failures of large banks or savings and loans companies seem likely, and that could overwhelm the FDIC's insurance fund, said Brian Bethune, U.S. economist at consulting firm Global Insight.
Then there's Russia!
Russian markets stopped trading for a second day after emergency funding measures by the government failed to halt the biggest stock rout since the country's debt default and currency devaluation a decade ago. The government yesterday injected $20 billion into the interbank lending market via central bank and Finance Ministry auctions in a bid to contain soaring borrowing rates as credit dried up in the wake of the Lehman Brothers Holdings Inc. bankruptcy. The one-day MosPrime overnight rate, a gauge for monitoring liquidity demand, lept 25 basis points to a record 11.08 percent today.
How LOW can this thing go? Don't ask, don't tell!
Related Tags: fannie mae, freddie mac, fdic, hurricane ike, aig, russian stock market, federal deposit insurance corp, world financial meltdown
As a spiritual-futurist, I interpret current events in light of possible macro-universal forces at play leading up to 2012, but not limited to it.Your Article Search Directory : Find in Articles
Recent articles in this category:
- Is SEO Optimisation Important Today?
Those who have tried setting up their own websites know just how competitive the online market reall
- How to Shop Fearlessly, Look For Bargains, And Save Time and Money on the Web?
With the advent of online shopping, going to outlets and discount shopping centers may become an act
- Roll Up Stand Changing Vendor Booths
Most people have been to trade shows, home shows, state and county fairs and other places where ther
- Achieving Your Advertising Goals With a Roll Up Stand
Advertising is a common function of a business. However, it requires creativity and hard work to ens
- Trade Show Displays and Expos
Trade Shows and community business Expos provide a captive audience for your business, to get the wo
- How to Make Sure Your Newsletters Are Sent Out on Time
There are three key elements to making sure your newsletter is delivered on time: People, planning,
- Portable Displays - Trade Show Displays
Portable Displays are the best option for exhibitors when it comes to Trade Shows. Portable Displays
- Banner Displays - a Great Portable Display
Banner Displays are considered one of the most portable displays when used for trade shows. They com
- Small Business Reputation Management - Your Small Business Information Could be Wrong
Bad information could be out there circulating on the Internet this very minute about your business
- Eight Guidelines For Writing Newsletters That Engage Your Readers and Build Your Business
Want to write newsletters that engage your readers and help to build community? Whether you are a sm
Most viewed articles in this category:
- Adsense Is Making Me Rich
I want to talk to you about the power of Google AdSense and how you can use it to generate not hundr
- How to Increase Your Business Using the Esoteric Science of Radionics
As a small business owner, there are an amazing number of difficult skills I need to master so my bu
- 14 Top Lead Generation Tips
According to former Harvard Business School professor David Maister, typical marketing practices are
- More Marketing Dope
Direct marketing can make you very successful, but you’ve got to understand the basics. Here a
- The State Of Paid-To-Surf Programs Today
What a difference a year can make. 12 months ago, auto surf programs were at their peak. More an
- Should You Open Up An Ebay Store?
Ebay has provided some amazing opportunities for many people to earn online. This widely popular au
- Is Adsense A Good Idea?
For many webmasters, Google AdSense has become a great revenue generator. Since the program pays th
- The "Coat Of Arms" Revisited
Recently I listened to a interview with Mark Joyner and Gary Halbert about Gary's famous "Coat of Ar
- Brand Loyalty
It's a challenge getting consumers to remain loyal to a particular brand. Unlike the good old days w
- The Hottest Affiliate Ebooks Out in the Market Today!
Affiliate Project X is a great affiliate marketing ebook. Totaling only 50 pages you could have your