Posts Tagged ‘ economic bailout ’

First National Bank About to Become First NationalIZED Bank

Sunday, the federal government signed the first paperwork to start disbursing part of the $700 Billion from the recent Wall Street Bailout bill.  This is the first ‘handout’ to the banking system, designed to stabilize the banks, and by extension the credit markets and larger economic markets.
The recapitalization of the banks should ‘hopefully’ alleviate the [...]