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. :-/

Wikileaks and police state censorship

I saw an article today on SF Gate about some nit wit Bush appointed Federal Judge ordering a website I'd never heard of called Wikileaks shut down because they were publishing some bank documents from some corrupt Swiss bank. The amusing thing is that they can't actually do it! Even more amusing is that this just draws attention to the site and makes it that much more visible, yay idiot goons! :-) There are mirror sites all over the world and it's almost impossible for thuggish police state goons to figure out how to close off all of the leaks :-) One mirror site is here: http://wikileaks.be/wiki/Wikileaks The US site they tried to close down is still here: http://88.80.13.160 "Cowardice asks the question, 'Is it safe?' Expediency asks the question, 'Is it politic?' Vanity asks the question, 'Is it popular?' But, conscience asks the question, 'Is it right?' And there comes a time when one must take a position that is neither safe,

Viva California! USA out of California Now!

Gene Veith points to a Russian who predicts the breakup the American Empire. Gene is somehow unaware of the dozens of secessionist movements in various states. Granted they are almost all small but still, they exist and this could be a good time for us. Those who know me already understand that I'm a California Nationalist who I doesn't think California should have joined those united States in the first place. Being a part of that empire just costs us money, we get nothing in return. These days we get to be hated by foreigners for being Americans and mocked by Americans for being Californians. Getting us out of the US yesterday would be a day too late as far as I'm concerned.

The Peaceful Gnome

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