Thursday, September 25, 2008


The banking giant Washington Mutual (WAMU) has failed and was bought out by JP Morgan (Chase Banks) in a deal brokered by the US government Thursday night. Washington Mutual is the largest bank failure since 1984. This failure also signals the end of Independence for one of the oldest banks in American History. The bank was roughly 115 years old at the time of the failure.

As more and more large financial companies fail I can't help but feel that the time for moderation has failed. The bailout will only make things worse while protecting the wealthy and we have no Roosevelt style leaders today.

The only good thing I see coming of this is that the revolution will be that much faster.

Now would be a good time to buy a gun and learn to use it.

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