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FDIC insurance fund is now below minimum level set by Congress

Bad News: If another large bank fails, such as WaMu, Congress will have to begin taking money out of tax dollars to fund the FDIC insurance fund to protect deposits made into FDIC insured banks.
So what will the government do if the FDIC needs a …

Auto Makers Ask Congress for a Loan.

The big 3 auto makers in Detroit are planning on going to congress to ask for a $50 billion loan. They say it’s not a bailout, just an investment into more fuel efficient cars and to update factories.
Now let’s see, in the last year …

The Texas oil man with the plan

Well everyone is talking about T. Boone Pickens, the Texas Oilman with a plan… His plan is to cut our dependency on foreign oil with wind and natural gas. He’s been running ads during national programming including the national news that runs at …

A lift on the offshore drilling ban signed by W… Doesn’t really mean much

Today President Bush lifted an executive ban on offshore drilling, putting pressure on the Democrat-run congress to approve more exploration for oil.
Ah…the thing is, nothing will be done unless congress approves the lift also. So it’s just really a lot of talk now. Bush seems …