The graph shown below is for bank failures from 2000 through October 3, 2009. The Democrats took control of Congress in 2006 and were sworn into office in 2007. All appropriations for government spending are made through Congress per the Constitution. Data source is the FDIC.

The FDIC guarantees your money in financial institutions in the event of a bank failure. Did you know that this fund is broke?

FDIC proposes banks to pre-pay premiums worth USD 45 billion

Washington, Sep 30 (PTI) The US Federal Deposit Insurance Corporation, the agency which insures deposits of over 8,000 financial institutions, has proposed these entities to pay up to USD 45 billion as advance fees to bolster its fund. MORE…

The above story is from India. What does it say when Americans have to get their news from England, India and Canada?
David DeGerolamo