Comments on: Bank Failures To Cost $100B In 18 Mos

By: proreason

proreason — Sun, 04 Oct 2009 16:51:51 +0000

“Remember Germany with wheelbarrows of marks to buy a loaf of bread?”

Which fortuitously led to absolute power for the Nazis.

Which of course is not a parallel between Obama and the Nazis, because we know there aren’t any parallels between them. For the Moron, a hyper-inflationary strategy will strengthen our country, or something.

By: Confucius

Confucius — Sun, 04 Oct 2009 16:27:52 +0000

Based on FDIC numbers, an average of 41 banks fail each year.

Consequently, the following presidents recorded the following averages:

–Obama: 95
–G.W. Bush: 6
–Clinton: 12

http://www2.fdic.gov/hsob/HSOB.....38;State=2

By: Rusty Shackleford

Rusty Shackleford — Sun, 04 Oct 2009 16:19:31 +0000

And, as Pro Reason has mentioned many times, that may be the ultimate goal. Remember Germany with wheelbarrows of marks to buy a loaf of bread?

By: Media_man

Media_man — Sun, 04 Oct 2009 12:43:54 +0000

What’s striking is that the Obama administration is giving another $40 billion to low & moderate income housing funding while charging healthy banks almost the same amount to shore up the FDIC. How is this tax on banks not going to result in more banks going bankrupt? Isn’t throwing money at marginal buyers how we got into this mess to begin with?

It’s almost enough to make one buy gold. The dollar will be worth less than Charmin before long.

By: Rusty Shackleford

Rusty Shackleford — Sun, 04 Oct 2009 01:15:17 +0000

There are those who say that by dumping money into a shrinking economy, it merely delays the inevitable. When I read things like this I think “crash”. At the very least, it means a slow, sluggish economy that will parallel our stunted 1970′s economy. But when on the road to recovery, we have the added “benefit” of NAFTA’s poorly inflated tires to slow us down even more.

Sure, I’m no intellectual with a PhD in economics or finance, but I know crap when I hear it.

By: proreason

proreason — Sat, 03 Oct 2009 21:46:11 +0000

Gee it’s almost as if there is something in the banking system that makes banks fail.

What could it be.

Well, one thing we know FOR SURE, is that is isn’t related to the Communitiry Reinvesment Act. Oh yeh, maybe there were a few million, or maybe even a few ten million loans made to people who never intended to pay them back…..but making those loans was fair. If the entire economy failed for doing something “fair”, then the economy deserves it, right?

And if you lost your life savings, who are you to complain?

You are probably white anyway.

And most of the people who got the loans were poor, except for the deadbeats who were just scamming the system, and speculators, and politicians, and friends of politicians.

By: Confucius

Confucius — Sat, 03 Oct 2009 21:16:06 +0000

Makes me wonder if the increased limits ($250,000) are just for suckers.

By: Confucius

Confucius — Sat, 03 Oct 2009 20:58:42 +0000

And, the Associated Press assures us that won’t affect loans to businesses or consumers or cause the cost of your banking to go up.

Where in the article does it say the cost of my banking won’t increase? Of course it will!