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Saturday, November 14, 2009

Bank Bailout and Reform are Working

http://www.thestreet.com/story/10626826/1/two-banks-one-thrift-fail-friday.html?cm_ven=GOOGLEN
Two Banks, One Thrift Fail Friday

The bailout and stimulus plan seems to be doing something. However, I was under the impression the plan was to fix the problems and prevent future bank failures. I guess I was mistaken. The stimulus and bail out plans seem to have been created to allow the too big to fail banks to pay out their annual salaries and bonuses to the executives who caused this mess in the first place.

Aren't you glad to know that the president and congress and senate are doing their best to keep this economy running smoothly.

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