Spontaneous Musings

Got a little nervous today with all the articles I saw in the news regarding the banks - so called mine to determine it they were FDIC Insured. Lehemans' Brothers was a 158 year old bank that declared bankruptcy yesterday and cost 26,000 people their jobs. [ETA: Apparently The British Bank "Barclays" swooped in today to save Leheman Brothers and is going to acquire a portion of it, saving 10,000 jobs. Go here:http://www.ny1.com/content/top_stories/Default.aspx?ArID=85869. Bank of America saved Merrill Lynch. And the Federal Reserve Board bailed out AIG to the tune of 85 billion dollars. (This is on top of Freddi Mac and Fannie Mac bail out) Okay, out of curiousity - where are they going to get this money without raising taxes? Why? Because if they failed...]
( cut for length - Links on Deregulation, Banking and FDIC )