Comments on: FDIC Slaps Bank – Not Enough Bad Loans

By: Liberals Demise

Liberals Demise — Fri, 20 Mar 2009 23:06:25 +0000

C-H-E-C-K!!!!!!!!!!!

By: Rusty Shackleford

Rusty Shackleford — Thu, 19 Mar 2009 19:48:39 +0000

Wasn’t it Barry who originally tried to pay off his Visa with his Mastercard?

By: MinnesotaRush

MinnesotaRush — Thu, 19 Mar 2009 02:24:37 +0000

Hmmmmmm. Have we possibly found Geithner’s replacement?

Ooooops. Sorry. Probably not. He’s likely paid his taxes.

Never mind.

By: proreason

proreason — Thu, 19 Mar 2009 02:05:19 +0000

Take_no_prisoners: interesting post. It’s all smoke and mirrors isn’t it?

I’ve known for a long time that politicians have all sorts of rhetorical tricks that can be studied and learned. The Moron is a master at those since he didn’t have anything else to do the last 20 years.

But I never focused on the the broader scams of creating crisis, claiming credit and assigning blame that you point out.

The more you learn about these scumbags, the worse it gets.

Where’s my pitchfork?

By: take_no_prisoners

take_no_prisoners — Thu, 19 Mar 2009 01:47:14 +0000

Proreason,
This is the classic way that politicians make work for themselves and generate stories that allow them to argue that they must be re-elected. No one ever gets any credit for something that is running smoothly. You must be the hero that solves a crisis otherwise the electorate will look for something new. Therefore, if there is no naturally occurring crisis one must be manufactured so that it can be solved and the politician can take credit. The corollary to this is in order to make yourself look good and your opponent look bad, you must control the definition of what constitutes success and what constitutes failure in such a way that you are always right and your opponent is always wrong. Hence, cheap affordable energy is actually expensive, but expensive energy is actually cheap if we calculate the benefits to the environment to offset the 500% greater cost of green alternatives., etc. The other canard is that we are less safe when we protect ourselves because it angers our enemies and makes them want to get us that much more, therefore we would be safer if we just left the bad guys alone. One could go on and on but you get the picture. One other point is this: A temporary fix that gets a politician re-elected will always be chosen over a better permanent fix that might get a politician defeated, even if it will cost us phenomenally more in the future, when the politician is retired or dead, than the permanent fix would have cost us.

By: take_no_prisoners

take_no_prisoners — Thu, 19 Mar 2009 01:33:08 +0000

This is the equivalent of using passive voice to describe an action. I.E. Mistakes were made. The classic liberal dodge of not specifying the real culprit in a bad situation. This approach allows the individual reading the news to assign the blame to the party he doesn’t agree with politically, rather than the actual culprit. One of the foundations of Bush Derangement Syndrome.

By: TwilightZoned

TwilightZoned — Wed, 18 Mar 2009 22:29:17 +0000

Again, a classic example of people getting punished for doing the right thing. Honestly, how far do we really need to fall from grace?

By: TwilightZoned

TwilightZoned — Wed, 18 Mar 2009 22:24:58 +0000

“Our congress is filled with people who don’t have the slightest clue about business…”

I have always said the exact…same…thing. This is the equivalent of having a lawyer perform an appendectomy. It’s just asking for trouble.

By: Right of the People

Right of the People — Wed, 18 Mar 2009 18:41:38 +0000

Colonel, I’m with you, let’s take this sucker back. Dogpile on Obammy, dogpile on Obammy! Lock and load, I have the feeling it’s going to get full tilt bozo real soon.

By: GL0120

GL0120 — Wed, 18 Mar 2009 18:14:39 +0000

Excuse me, but there are no “Terrorists” anymore.
They’ve all been converted to participants in “Man-Made-Disasters.”
I suppose the logic (?) is that if we don’t offend their tender sensibilities by referring to them as terrorists, they might refrain from blowing us to hell and back.
Then again, TCO could have a relative or two involved in the disasters and he doesn’t appreciate then being insulted.

By: proreason

proreason — Wed, 18 Mar 2009 17:36:24 +0000

Colonel, I think you will enjoy Thomas Sowell’s latest column.

http://townhall.com/columnists.....ems?page=2

His key point is that congress took something that was not a problem, “affordable housing”, and made it a huge huge problem. And now they are “fixing” it, which will cause an entire new cascade of problems, some of which could be even worse then the first one they created.

By: Colonel1961

Colonel1961 — Wed, 18 Mar 2009 17:28:42 +0000

It just gets old saying this over and over again. Our congress is filled with people who don’t have the slightest clue about business, which, by the way, is the engine that provides all the taxes that liberal lunatics love to spend. CRA is only the latest stupidity from morons who couldn’t be trusted and/or lacked the talent to run an ice cream stand. Yet they make all this outrageous laws that undermine our economy and then blame it on greed.

The gentleman in the above example is a hero. He ran his business as a business and not some sort of marxist social experiment. Glad to see the tea parties picking up steam. It is time to take America back from our so-called leaders.

By: proreason

proreason — Wed, 18 Mar 2009 14:52:56 +0000

Well, The Moron is solving the credit crisis by doubling the national debt.

He is solving the Iraq crisis by giving the country back to the terrorists.

It’s only fitting he would solve the bad-loan crisis by demanding more bad loans?

By: curvyred

curvyred — Wed, 18 Mar 2009 14:01:02 +0000

Yes, I believe that proves our point: that the Community Reinvestment Act is responsible for a large portion of our economic state.

By: wardmama4

wardmama4 — Wed, 18 Mar 2009 12:42:34 +0000

Ah yes the real answer to the CRA and our current bailout woes – and on cue the FDIC (i.e. the Feds) are coming in hard to squash it.

There is a big push locally for these (even though OH is almost entirely ‘local’ banks anyway) ‘community’ banks – best hedge against so many of the issues wrong in the economy – and I bet The One ™ has appointed his own private ‘czar’ to ferret them out and make them pay for being: Honest, Trustworthy, Financially Responsible & Sound, and Competent. Can’t have that at all – well at least not until the financial wizards of the Klownposse in DC take over.