Washington Mutual bank fails

Fight the power. Hunter Hogan at HunterThinks.com

The federal government seized Washington Mutual bank and sold it to JPMorgan Chase & Co. With $188 billion in deposits, it is the largest bank failure ever.

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US banks borrow record amount

Fight the power. Hunter Hogan at HunterThinks.com

Banks need money to operate; if they cannot get it from services (e.g., ATM fees) or products (loans to customers), then they borrow it. They borrowed a record $188 billion per day last week.

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NM GOP official quits over racist statement

Fight the power. Hunter Hogan at HunterThinks.com

Fernando C de Baca, GOP chair of Bernalillo County, said, “Hispanics came here as conquerors. African-Americans came here as slaves. Hispanics consider themselves above blacks.” He resigned today.

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