Major Achievements Of The American Empire

The failure of Bear Stearns
The failure of Lehman Brothers
The disguised failures of the Goldman Sachs and Morgan Stanley by converting to bank holding companies
Largest bank failures in US history (Washington Mutual, IndyMac)
Other banks merging and/or failing
The failure of Freddie Mac and Fannie Mae and their subsequent nationalization
The failure of AIG (yes, it is a failure otherwise the Government would not have had to step in and become essentially an 80% owner of the company)
Record foreclosures on residential properties
Record losses among many US companies
Rapidly rising personal bankruptcy filings
US Government bail out funding of $700 Billion
Federal Reserve’s creation of numerous “lending facilities”
Record depletion of reserves among the US banks
Direct tax payer funds being injected into the banks balance sheets
$150 Billion Stimulus bill and more to come
Rapidly increasing layoffs
Rising number of retail stores filing chapter 11 and others going out of business
Numerous mortgage companies closed up operations
Collapse of the credit system
Drastic declines in US home prices
The collapse of the economic systems of Iceland
The increasingly likelihood of entire nations becoming insolvent (Hungary, Argentina, Ukraine, etc)
Numerous Federal Reserve emergency rate cuts. And now an effective funds rate of near zero
The near bankruptcy of the major auto manufacturers (General Motors, Ford, and Chrysler)