Wednesday, April 15, 2009

Black Man Becomes President. Texas Secedes from the Union.

I am joking about the title. But the issues raised are no laughing matter. On an individual level, people are angry. Later this day, Tea Parties all across the country will take place to protest the government's so-called stimulus.

At the state level, Texas is seeking to assert sovereignty in the face of what they believe to be an oppressive Federal government. They are basically saying that the government is using stimulus money to get a grip on the states.

This same concern is echoed by a small but growing number of corporations, who see the stimulus as a power grab and clandestine nationalization of the private sector.

If you read this blog, you know that I have never favored bailouts of any kind. Free markets work only if they are left alone. Unfortunately, we don't have free markets. In fact, we are closer to communism right now than at any other time in this nation's history.

Sunday, April 12, 2009

Back from Vacation

I was on a self imposed blog vacation, but now I am back and have updated the Bank Closure Map with the latest closings.

In addition to banks, a lot of large credit unions are starting to fall. Right now, there are 50 sunk banks on the map, and we're not even close to done. Will we hit 100?

Stay tuned to find out.

The Bank Closure Map