In 2010 when we hit 1,000 closures, Sheila B. of FDIC will be asked how she ran out of money again and again. If you think TARP was a screw-America mess, wait until you get the full story of the monstrous mess FDIC got us into. In case you missed it, the plot in 25 words or less ran like this.......Sheila: "OK lets pretend you're a bank. Now that you're a bank, lets pretend all that worthless debt paper you have are bank deposits. Have a brokerage division that's busted? No problemo we'll pretend they're a bank too." And all those many years we were assured in endless publications in media, radio and TV that the FDIC was just a notch short of God in trust and security.
Bush and Paulsen gave the large banks like GS, AIG,Bof A, all the money they needed but regular community banks did not get a cent. Bush screwed this country's economy to the point of recession. For 7 years the SOB did not pay anything for the wars, voted in through those morons, the GOP Medicare part D without paying for it, then gave his friends, the top 2% of this country, the biggest tax cuts ever seen. They brought the world tothe brink of depression. The SOB should be in jail. I hope one day a country arrests him and that coward Cheney as war criminals.
I think we can expect more and more of this. At some point we past the equilibrium point and the balance tips significantly downward which will cause more failures. We have to pay the piper at some point and this is probably it. It seems Reverend Wright was right about one thing - "Americans' chickens have come home to roost" (other than this he is a complete communist moron).
Wait a minute! This can't be happening because the Government reported last week that the recession is over!
Hahaha.
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