Two more banks in trouble (Washington Mutual & Morgan and Stanley)...bad news for John McCain (legal, Democrats)

[gsoboi]

ABC News: Is Washington Mutual for Sale?

Washington Mutual, a savings-and-loan is now in trouble which is another addition to the troubling economic news.

Also Morgan & Stanley is talking about a possible merger with Charlotte, NC based Wachovia Bank. Recently Charlotte based Bank of America announced it is aquiring Merrill Lynch

Reports: Morgan Stanley talking to Wachovia | www.charlotteobserver.com (broken link)

This is not good news for the republicans and especially for John McCain who is weak when it comes to the economy.....expect Obama poll numbers to go up even more. I will be scared to death if Obama doesnt become president.

[gsoboi]

ADDIOS John McCain. your goose is cooked.

[jmarquise]

what does this have to do with mccain? I am sure this will really cook his goose.

[Zel Ya]

John McCain has repeatedly assured the electorate that our economic fundamentals are strong. Surely a few well-informed people are beginning to question this statement. At least people who can read and write. If you have to sign legal documents with an X, maybe not.

I was watching the evening news tonight, and the current budget deficit is in the 400 billion range. Recent economic events have now put the budget deficit in the 700 billion range.

[gsoboi]

Everytime a bank goes under, people will be reminded about McCain saying that the economic fundementals are strong. People are scared now, and most agree that democrats do best when it comes the the economy....the 1990s is the most recent reminder.

[Zel Ya]

Originally Posted by gsoboi

ADDIOS John McCain. your goose is cooked.

LOL!

Happy trails to McCain until we NEVER meet again.

[jmarquise]

or perhaps this might have something to do with it.

Community Reinvestment Act - Wikipedia, the free encyclopedia

clinton sewed these seeds in 95. make it easier to give out high risk loans. how did that work out? fact is, no one party is to blame.

Originally Posted by gsoboi

Everytime a bank goes under, people will be reminded about McCain saying that the economic fundementals are strong. People are scared now, and most agree that democrats do best when it comes the the economy....the 1990s is the most recent reminder.

[person]

what are you talking about? His fundamentals are strong, with so many houses he can't keep track of, his $500 shoes, and his version of middle class are folks with just under $5million.

[Upton]

Originally Posted by jmarquise

or perhaps this might have something to do with it.

Community Reinvestment Act - Wikipedia, the free encyclopedia

clinton sewed these seeds in 95. make it easier to give out high risk loans. how did that work out? fact is, no one party is to blame.

When the economy is bad people look no further than the party in power at 1600 Pennsylvania Ave...this is not good news for McCain.

[jmarquise]

those talking points are so last week. they were a bit ridiculous last week, and as much so this week.

Originally Posted by person

what are you talking about? His fundamentals are strong, with so many houses he can't remember how many, his $500 shoes, and he version of middle class are folks with just under $5million.