News That Isn't News

Silver State Bank of Nevada has become the 11th bank to fail in the U.S. this year (you can probably expect that number to double by year's end -- thank you Mr. Bush), and the Feds are now set to take over both major mortgage lenders Freddie Mac and Fannie Mae as well. It's been obvious for months that the two entities had failed and would require Gov't. takeover, but Repubs were hoping to continue to cover up the degree of collapse through the November elections. So much for wishes. When will we actually hear something on the economy that wasn't already known in advance for months, but suppressed by G.O.P. obfuscation???