New President - Commitment to Financial System

Wow....it has been over a week since our last posting. I really apologize about that. Here is some information I found on the President-Elect Barack Obama and his commitment to our Financial System.

President-Elect Barack Obama yesterday nominated Timothy Geithner as Treasury secretary and Lawrence Summers as head of the National Economic Council. During his press conference announcing his economic team, Obama also pledged to “do whatever is required to keep the financial system working and capital flowing” but declined to specify how and when additional funds under the Troubled Assets Recovery Program should be spent. “I will make further assessments about whether it's necessary to draw down additional TARP money as the administration and the Treasury Secretary Paulson and Bernanke provide me more real-time information,” Obama said. “But I think what's most important for the American people to understand is that we are united in making sure that the financial system works and operates the way it needs to.”

BOSW's Commitment to you: As mentioned in "Wiser Thoughts" (shameless plug) New Mexico's Economy and the majority of NM community banks are doing very well. Not only are they doing well, but we are confident in our lending and would love to the opportunity to be your banker!

On the lighter side "“Vampire movies are everywhere. HBO has that series 'True Blood,' and CBS has their show with immortal creatures called ‘60 Minutes.’” -- Craig Ferguson