Banks and FedCo, ya gotta love 'em!

Banks Didn’t Pay into FDIC Fund for 10 Years,

Reserves Down to 43 Cents and a Pez Dispenser

from Strange Herring by Anthony Sacramone

You see, Congress didn’t think the banks had to make those contributions to the insurance reserve fund because they had so much cash, so what were the odds on a financial meltdown so disastrous that they couldn’t pay back all their depositors if they had to?

House Financial Services Committee chairman Barney Frank agreed that officials believed at the time that the good times would last and that bank failures would not be a problem.

“We had this period where we had no failures,” the Massachusetts Democrat said in an interview yesterday. “The banks were saying, ‘Don’t charge us anything.’ “

I know what you’re thinking: “Thank heavens the government is in charge of cleaning up this mess.”

But you’re being sarcastic, no?

Via The Consumerist

Posted in 2 + 2 = Whatever I Damn Well Say It Equals, Another Year Another Credit Card Bill

Comments

NBC anti-life?

I would boycott NBC, if I ever watched it that is. I actually never watch anything on the old line networks, NBC, CBS, ABC, FOX. Everything I watch is on the cable only stations... do they still broadcast over the air? Ah well, this story is about the fact that it seems NBC refused to air an ad put together by some Catholic outfit that features an embryo and all of the hardships it faced in early life ending up with the revelation that they were talking about Obama. Here is the ad , check it out and see how unoffensive it is. Like I said, if I watched them I'd quit now. :-/

Child Driven Education

Here is a Ted Talk with Sugata Mitra on Child Driven Education... very unschooling-like I think. :-) I've seen videos of him before, this is an update on his research on letting groups of kids learn on the internet, mostly without any supervision at all. Posted via email from The Angry Gnome

The Tea Parties

I didn't make our local Tea Party , but it pulled hundreds of people as well... Tea, anyone? from Father Hollywood by Father Hollywood Like hundreds of thousands of other Americans, the Hollywoods enjoyed a tea party this past Wednesday. "Tea party" (wink wink). Nothing subversive about sipping a little Darjeeling, eh wot? Nothing to see here, Miss Napolitano. Anyway, our local festivities were held at Veterans Memorial Boulevard in Metairie. There were literally thousands of people crammed into the neutral ground (though on that day, the ground was anything but...), as cars and trucks poured by the busy boulevard laing on their horns in support. Here are pictures. And like every such gathering in our environs, there was even a brass band and an improptu "second line" parade. It was a "party" after all. But it was a party with a serious reason. The crowds were so overwhelming that it was hard to hear the speakers, and unfortunately, we did have a fe...

The Peaceful Gnome

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