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Wacovia bought by CTI Bank before it failed, Europe markets waiting on 700 Billion

posted by pylorns

Another one down. While they didn’t fail yet it was only a matter of days.  Washington is now patting itself on the back as well because they’ve reached an agreement.  You know how John McCain keeps saying “I’ll make them famous” by putting their names up who added earmarks… I’ll make them famous by showing all the ones that voted for this bail-out plan.

This morning they talked about the Europe markets tanking unless they heard word that the 700 billion would help out europe’s banks.  Stop right there.  American money going to save a bank that is not in the US?  Tax Payers paying for some English or French or Swiss bank?  Negative.  Why don’t these other countries inject their own money into their own banking systems?

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