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07.15.2008 5:38 pm

FDIC and the economy: Are you worried about getting your money?

St. Louis Post-Dispatch
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From a story for Wednesday’s Post-Dispatch:

“People who never asked about FDIC insurance are asking about it now,” said Steve Marsh, president of Enterprise Bank & Trust in Clayton “They also ask about exposure to subprime loans.”

With the economy in the tank and the subprime mortgage crisis gripping the financial markets, bankers in here and elsewhere are seeing a lot more interest from Regular Guys about getting their money: Is it safe? Can they get it out?

Do you share these concerns? Are you comfortable that your savings is safe? What do you hear from friends and relatives?

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Chavez also urged PetroCaribe summit participants to establish financial institutions that would be independent of the International Monetary Fund (IMF) with nations such as Russia, Belarus, China, India and Iran.
He said the time had come for “a strategic energy alliance” with these countries, and noted that Venezuela recently set up a $6 billion development fund with China.

The socialist leader, an outspoken critic of Washington and opponent of neoliberalism, has focused his foreign policy on bolstering ties with countries outside the U.S. sphere of influence since coming to power nine years ago.

http://www.en.rian.ru/world/20080714/113897844.html

— D. Walker
11:51 am July 18th, 2008

“Now that the power brokers, bankers, and oil men have taken control of our country, we must embrace ourselves for one of the worse economic down-turns this country has ever faced. When we witness the business side of government take away from the hard working middle-class, the elderly, the disabled, the families trying to make ends meet while working 2 jobs or 2 shifts, we will learn from our mistakes. An unregulated, supply side corporate friendly administration is about to embark on everything America stands for.. and has fought for… and has died for. The greatest generation will again return….We must always remember our true passions are with our communities and our country. The dark days of this new administrations will soon pass. The American people will move forward”.

November 9, 2000.
John Sweeney, President AFL-CIO. Commenting after the 2000 Presidential Election.

— Garrison
2:00 pm July 18th, 2008

John Sweeney, we can see now, at least some of us can see, had true wisdom and insight.

— D. Walker
2:12 pm July 18th, 2008

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