»Click here to calculate your site FeedRank Today«
FeedRank, a newly developed algorithm for ranking RSS feeds only on RSSMicro
Click here to learn more
 4/10 Good --- www.dailykos.com http://feeds.dailykos.com/dailykos/index.xml
Saturday, July 12, 2008 --- 39 days ago http://feeds.dailykos.com/~r/dailykos/index/~3/333657741/07654
| Friday : U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc (IMB.N) on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history . California-based IndyMac, which specialized in a type of mortgage that often required minimal documents from borrowers, became the fifth U.S. bank to fail this year as a housing bust and credit crunch strain financial institutions. John McCain : [A] lot of our problems today, as you know, are psychological — the confidence, trust, the uncertainty about our economic future, ability to keep our own home. And top McCain advisor Phil Gramm, echoing that McCain talking point: "We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said. "We've never been more dominant; we've never had more natural advantages than we have today," he said. "We have benefited greatly" from the globalization of the economy in the last 30 years. ... "Misery sells newspapers," Mr. Gramm said. "Thank God the economy is not as bad as you read in the newspaper every day." Who knew psychology was powerful enough to wipe out five banks in one year, including the third largest collapse in US history? ... |
|
|
Recent Posts
|
|
|
Facebook Del.icio.us Digg StumbleUpon Reddit Google
Anytime
