U.S. Credit Rating, Google, FDIC

This country's credit rating is more in the news now and seems to be reaching the point of being downgraded, something I have mentioned in this blog as a major concern. With a downgrade, borrowing money will cost more. I think that if this healthcare bill passes without a balance of liberal and conservatives participation, it will create enough financial uncertainty to receive the downgrade at a time when it is unaffordable.

I commend Google for standing up to China's 'censorship standards'. Today, an article mentioned that the company is 99.9% certain it will withdraw from China. With this action, I think that it will definitely have an affect on China's policies in this area because they do want to keep on the edge of technology. Google is like Microsoft, effective in facing the opposition of countries.

The F.D.I.C. is closing several banks a week. They usually announce it on Fridays. Remember, the 'toxic assets' are still on the books. With the market-to-market accounting rule lifted, the banks no longer are reflecting the true value of them by decreasing the asset values on the the financial sheets. This is the primary makeup of the foundations of the big banks like Citigroup, B of A, J P Morgan, Wells Fargo, and the like. Notice these were bailed out and the other banks are simply closed with the assets transferred to the F.D.I.C. for a fire sale in most cases.

Be sure to vote. That is the most effective way to make a difference if you want a change in how the country's government is operating.