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Financial Crisis to the Average American: “How does it affect me?”

Anywhere you turn, you will see a story about banks and savings-and-loan giants failing. I do not know how many more banks have to fail until we see the chaos on Wall Street that the 1929 crash brought about, but people are panicking.
So, how does …

I need an answer to this question: Why vote Republican?

First, let me say this is not a question that I am asking to get an answer like, “because God likes Republicans…” or “because my dad/mom/grandparent told me to…” No. I don’t want those answers. I want to separate my religion with my government and …

Powell Officially Endorses Obama

Former secretary of state and chairman of the Joint Chiefs of Staff Colin Powell gave his official endorsement for Democratic presidential nominee Barack Obama. Powell, a Republican, says that he doesn’t like the way Republican presidential nominee John McCain is running his campaign and …

FDIC urges a hike in insured deposits.

After the House of Representatives shot down the $700 billion bail out plan yesterday, the FDIC has asked congress to temporarily raise insured deposits from $100,000 to $250,000.
I can honestly say I don’t know anyone with over $100,000 in the bank, but the measure is …

Perhaps things aren’t looking as bad for WaMu.

Even after the S&P lowered the savings-and-loan credit rating today Washington Mutual’s shares rose 16% higher than opening. WaMu was one of the largest profiteers from the housing boom and is now in trouble with the largest mortgage lenders going belly-up. There are even …