You successfully added to your cart! You can either continue shopping, or checkout now if you'd like.
Note: If you'd like to continue shopping, you can always access your cart from the icon at the upper-right of every page.
Quantity:
You successfully added to your cart! You can either continue shopping, or checkout now if you'd like.
Note: If you'd like to continue shopping, you can always access your cart from the icon at the upper-right of every page.
Two California-based banks and one in Georgia failed last Friday, Nov. 21, 2008. This was a new record for a single day. So far, 20 banks have failed this year.
http://money.cnn.com/2008/11/21/news/companies/bank_failure/index.htm?postversion=2008112123
The banks are absorbed by other banks, of course. Each bank is hoping that by growing larger, it will qualify as "too large to fail" so that it will be bailed out at their own appointed time.
Just because a large bank "buys" smaller banks that have failed does not mean that the larger bank itself is solvent. Witness the case of Citibank which was trying to purchase failed Wachovia just a few months ago. In that case, Wells Fargo undercut them and bought out Wachovia. Citibank sued, but lost the case. We who are lowly in the economic realm cannot understand how a bankrupt bank can qualify to purchase other failed banks.
Such thinking requires a doctor's degree in economics, rather than horse sense.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
We are only able to do what we do because of your support. If you feel led to support this ministry, we deeply appreciate it
