I found a couple of items to add to my blog page today. The first is an electoral college vote count based on recent surveys. It's good to know who how the '08 race is going. I enjoy politics and am always willing to share my thoughts. More than most people want to know...
The second is a way for you to add my blog to your favorate website. You can add it to Google, Bloglines, Netvibes, newsgator or myYahoo. I think it is a cool little tool.
I was very excited to see McCain pick such a great woman for his VP pick. Not sure that it is enough to win. Not sure I want him to win??? Even so, Have A Great Holiday Weekend and don't work too hard.
Friday, August 29, 2008
Tuesday, August 26, 2008
There is no insurance fund for FDIC...
I found this to be a very interesting article. Basically, there is no more of a bailout insurance fund (FDIC) today than there was in 1901.:
http://www.thedeal.com/newsweekly/features/the-failure-option.php
Excerpt:
"The deposit insurance fund doesn't exist as a free-standing pool of money. Instead, it is a bookkeeping convention, like the Social Security Trust Fund.
The premiums banks pay to the fund are invested in U.S. Treasury bills, and, on paper, the fund grows with interest. In reality, the money is spent to help fund the federal budget. To cover the cost of the IndyMac bailout, the Department of the Treasury was forced to issue additional debt. Increased federal borrowing will also cover costs of future failures. Eventually, the industry as a whole must repay the federal government through higher annual premiums."
http://www.thedeal.com/newsweekly/features/the-failure-option.php
Excerpt:
"The deposit insurance fund doesn't exist as a free-standing pool of money. Instead, it is a bookkeeping convention, like the Social Security Trust Fund.
The premiums banks pay to the fund are invested in U.S. Treasury bills, and, on paper, the fund grows with interest. In reality, the money is spent to help fund the federal budget. To cover the cost of the IndyMac bailout, the Department of the Treasury was forced to issue additional debt. Increased federal borrowing will also cover costs of future failures. Eventually, the industry as a whole must repay the federal government through higher annual premiums."
Thursday, August 21, 2008
3D photo of yourself
This website is offering a very cool and free tool that lets you make 3d spaces from you pictures. Very cool.
http://mslabs-086.vo.llnwd.net/d5/oss/index.html
http://mslabs-086.vo.llnwd.net/d5/oss/index.html
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