more banks fail

As predicted, more banks are going under. Today federal authorities seized Franklin Bank and Security Pacific. This is a bad sign, because even with the 750 billion dollar bank bailout, we still have falling banks.

Yesterday the market was down over 400 points, and the day before over 500 points, and today it rebounded almost 250 points. The economy is in a tail spin. If we lose GM, millions of jobs will be lost due to the pivotal role that GM plays. Time is of essence and the people must realize that things are falling apart.