So far, Congressional talks to fund President Bush’s proposed bank industry bailout have failed. In summary, half of Congress bailed and the other half are out.
John McCain has said that he will debate with Barak Obama tonight. All week, the two sides have been publicly arguing back and forth about the proposed bank bail-out, the economy, and the priorities of this country. Isn’t that called… a debate?
In the biggest bank failure in U.S. history, Washington Mutual was seized and its assets sold to JP Morgan Chase & Co. last night. To reflect its new relationship with customers, Washington Mutual is changing its name to Mutual Disdain.
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