Washington Mutual Inc., the biggest U.S. savings and loan, and National City Corp., Ohio's largest bank, led the steepest-ever decline in the two-decade history of an index of bank stocks after IndyMac Bancorp Inc.'s collapse spurred concern more lenders are vulnerable to bad home loans. Full Story »
Posted by Kaizar Campwala
The conservative Republicans have done great damage to our country in every aspect - banking, foods, outsourcing, etc. Our economy is in a disastrous state. Yet the Republican mantra about no taxing has proven to be a crock. So many of us predicted that our system of checks and balances was failing. Nixon and Reagan started the slide by removing so many of the watch dogs and allowed business to flourish with their greed and criminality. Then along came Bush! I worry if we will ever be able to get on steady ground since the big money dictates so much in our country. We are no longer a democracy only a capitalistic government.
