Interview Question

In the interview with Obama he talked about something called Silicon Valley but i'm not sure what that is?

Obama Interview

Projects

For the local history project i'm going to interview my grandfather. For the 20% project my topic will be on 2012?Me, Allie, Maria and Whitney are in a group and our project is going to be on Twilight.

AIG Bailout

AIG stands for American International Group. It is one of the largest insurance companies in the world. AIG was having a financial crisis and its credit rating lowered. Federal Reserve Bank of New York created a facility that AIG could take up to 85 billion dollars out of. If AIG had failed then it would have caused problems with our financial system.
http://online.wsj.com/article/SB122156561931242905.html

The Role of Banks and Financial Institutions

What is the role of banks and financial institutions in America? Banks loan out money to people who need loans to buy things such as houses. The people who take out the loans pay the money back but the banks charge intrest so they can make a profit.