Yup, its true. And the people of Britain are worried that the banks will be nationalization with this one step closer to owning all the banks.

The shares for the Royal Bank of Scotland have went down today because of this.

You can read more here

I wonder how long it will be before Obama issues a second one for America? I think that the whole world is heading for an economic crash.

I just found this article about how the FDIC deposit insurance may not cover or even work.

In the article, they say that as of now, they only have enough to cover 1% of the deposits. I wonder what happend to all that money? Or was there ever the money in it, to begin with?

Now I am not trying to scare my readers, but we all know that it is a pretty good chance that we will go into another depression. No matter what they may claim, its not going to save us. Yes, perhaps it will delay the crash, but like they say-"you can run, but you can't hide".

How do you feel about this?

So the bail out passed, got signed in the same day, all on Friday as well. But the stocks on Friday started to fall as soon as word got out! Then this past weekend we heard that Germany's banks are failing. And now on today, Wall Street is still falling.

Hmm, Mr. President, care to explain why it isn't working yet?

I guess his plan isn't doing so hot, maybe they ought to have listened in their bosses-the tax payers.

Oh well, they also tried something right before the depressing in the 1929. And it didn't stop it then, it wont stop it now.