Bank Failures: What Do They Mean To The Average American?
Posted on July 20th, 2008
by Sharon Secor in All News, Business News, Economic News
http://www.bloggernews.net/116806
Bank failures and bank runs are phrases that hearken back to the era of the Great Depression, during which there was more than 9,000 bank failures, with – according to some historians – depositors losing $140 billion by 1933. While the banking system has evolved and changed since that era, the fact remains that bank failures still do affect the average American. Experts expect that the recent failure of IndyMac, the second largest bank failure in history, will be followed by more bank failures and not just failures of small, regional banks lower on the financial services food chain. Therefore, understanding how bank failures can affect you and your finances is important and timely.
Internet Censorship Alert
Internet Censorship Alert: Alex Jones exposes agenda to 'blacklist' dissenting sites (March 14, 2010)
As I predicted, the Obama Administration is trying to shut down the Internet - at least the parts he doesn't like. Barack Obamas regulatory czar, Cass Sunstein has stated that he wants to ban conspiracy theories from the internet. Think about what this means - Every video, every website, every blog, every email, that exposes or just criticizes the government for any reason whatsoever could be labeled a "conspiracy" and taken down. Your home could be raided in the middle of the night, and you could be carted of to jail for criticizing the government. All they have to do is call it a "conspiracy theory".
http://www.youtube.com/watch?v=aqAWmBLFodE
Monday, July 28, 2008
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