Wednesday, September 30, 2009

FDIC could still fail

According to the "Examiner". This is partly because hundreds of banks may fail in the next few years because of faults in the US real estate market and FDIC is running out of money. Some have hinted that a bank holiday could be on the the way in America, as during the 1933 Depression when the banks were closed for awhile. This has prompted many in USA to stock up on food and nonperishable items.

IMO: At least Gordon Brown was not that bad. Who is to blame in USA, almost certainly not the new boy Obama. Mainly such as Bill Clinton, McCain and the other "usual suspects".

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