Bank Failure Count: FDIC closes 22nd bank of 2008

Lets see, our government has bailed out AIG insurance, Fanny Mae and Freddy Mac, credit default swaps, hedge funds, Sovereign wealth funds, Derivitives financial institutiions, numerous banks, talk now of car manufacturers, Sally Mae, American Express now thinks its a bank so its credit cards qualify for bailouts. Even hespanic construction companies voiced interest in fixing government reposessed homes thus qualifing for governemnt funds. State and local governments are holding their hats out. When ever you provide a bottomless pit of money there will always be those lined up to take all they can and more. Truely the bailout experts are clueless as to how to solve the problem. What are we up to now?? 4 trillion and no end in sight. What we are seeing is the looting of the US Treasury by the most corrupt administration in history. FIRING SQUAD DETAIL-FALL IN !!!

The parties MOST RESPONSIBLE for this economic melt down are CONGRESS and Geo Bush . . . and Alan Greenspan of the Fed.

If our government (esp. Congress) had issued extremely simple, "common sense" "over sight and reuglation" of the FIs and corporations, NONE of this economic debacle would have taken place . . . it is REALLY THAT SIMPLE. If the Fed has issued simple regulations requiring that all mortgage loan applicants had to be fully prequalified, that would have prevented 95-98% of the bad mortgage loans (and a lot of wild real estate speculation responsible for the phony construction boom); and in turn, the FIs and corporations would not have been able to orchestrate and perpetuate the pyramid and Ponzi schemes using the CDSs, CDOs, and CMOs, etc.

Not only did our government tacitly allow all of this FRAUD to occur, they actually promoted the FRAUD by theri claims about how "terrific" the booming economy was . . . thereby giving the impression of "legitimacy" to the FRAUDULENT markets; and thereby helping to DUPE the American people into irresponsible decisions, thinking that the "boom" was legitimate and would continue on . . . however, people have to be held responsible for what they did individually.

The simple reality is that ahead of everything else, Congress, Geo Bush, and Alan Greenspan could have easily have prevented this entire debacle; but they were too caught up in reveling in the "glory" of the economic "boom" that made them look good politically. Remember George Bush's claims that: "The USA can afford it al . . . the war and the economy . . . ." The end result stands on its own . . . Bush, Congress, and Greenspan blatantly lied about it all; and wre the "enablers" of the FRAUDS by the FIs and the corporations.

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i have a fantastic idea, one which no one in washington is smart enough to come up with...these companies that are being bailed out are the same companies that have created this mess..instead of handing them over this free ride...give every person in this country that has a credit card debt a certain amount of money (dont give it to them...just pay off that amount on one of their debts) the credit card companies get a large sum of money at once and the economy will heal itself as people are cut some slack...
anyone who is living off government assistance is not eligible for the money...they are already getting a free ride and they are the main contributors to the downfall of this country...so go one step further and eliminate welfare and the worthless slobs that collect it

Since this crisis...I have gotten a car loan/ I paid off two credit cards in their entirety..and got 3 more credit cards in the mail..It's like they are loving me or something?
I needed the car(used)...but I don't need the credit cards.

The gov. would save money and stimulate the economy right away ...if we surrendered our credit cards (temporarily) and they gave us all 1-1.5 million each.
We are 310 million people/ children included. Parents could invest their childrens dough..(good for banks) Parents could pay off their mortgages/ credit cards/ car loans etc..(also good for banks and mortgage lenders)...voila' instant economic stimulation.

IDIOTS don't need bailing out..........let them fail and take the overspending population down with them........Living beyond YOUR means is effecting MY retirement account income......Can't pay your bills?....Go live in a cardboard box for all I care, it's your own fault for bad money management.

Does anyone know if Wachovia is safe??
Also, would you recommend opening an account with a smaller local bank?

Debra, I applaud you, but we are also facing another epidemic, which is obesity and unusual medical conditions. The US Food and Drug Administration needs better food and beverage regulations for public safety. Once our health dissolves, so does our capabilities in thinking logically.

"The question is whether the entire U.S. government can craft a solution that keeps the global financial system from imploding"

There is so much money owed out there throughout the world that when you add in all of the interest, who knows how much "real" money there is.