Updated July 19, 2007
List of 10 Most Likely Banks To Fail:
Downey Financial Corp. - DSL
Washington Mutual - WM
City - NCC
Integrity Bank - ITYC
BankUnited Financial - BKUNA
Huntington Bancshares - HBAN
Savings Bank, Maryland
First Priority Bank, Florida
Security Pacific Bank, California
Colorado Federal Savings,
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Here For The Latest FDIC Failed Bank List
How the Stimulus Package Works
It is the month of August, a resort town sits next to the shores of a lake. It is raining, and
the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit.
a rich tourist comes to town.
He enters the only hotel, lays a 100 dollar bill on the reception counter, and goes to
inspect the rooms upstairs in order to pick one.
The hotel proprietor takes the 100 dollar bill and runs to pay his
debt to the butcher.
The Butcher takes the 100 dollar bill, and runs to pay his debt to the pig raiser.
pig raiser takes the 100 dollar bill, and runs to pay his debt to the supplier of his feed and fuel.
The supplier of
feed and fuel takes the 100 dollar bill and runs to pay his debt to the town's prostitute that in these hard times, gave her
"services" on credit.
The hooker runs to the hotel, and pays off her debt with the 100 dollar bill to the hotel proprietor
to pay for the rooms that she rented when she brought her clients there.
The hotel proprietor then lays the 100 dollar
bill back on the counter so that the rich tourist will not suspect anything.
At that moment, the rich tourist comes
down after inspecting the rooms, and takes his 100 dollar bill, after saying that he did not like any of the rooms, and
No one earned anything. However, the whole town is now without debt, and looks to the future with a lot
of optimism .
And that, ladies and gentlemen, is how the United States Government is doing business today.