Posted on 06/09/2009 7:49:31 PM PDT by publius321
June 9, 2009
FDIC is calling the Kettle Black
In a column at www.Marketwatch.com - David Weidner compares FDIC's Sheila Blair to Donald Trump. As weidner put it, Blair is "stepping where the government's other banking regulators refuse to go: the executive suite."
Weidner continued "Blair's attack has been mostly good news for those interested in seeing a stable, if not sexy, banking system. By threatening the things most precious to bank executives -- their pay and jobs --."
Blair and the FDIC? This is definitely a case of the emperor having no clothes if there ever was one.
What gives the FDIC moral authority to judge the banks? They have been collecting premiums from the banks all of these decades yet only have about 1% in reserves to back the assets they insure. FDIC had to go to Treasury twice already, borrowing tens of billions to pay off the few banks that have heretofore gone under! In fact, if I were a BETTING man (I'm not), I would put my money on the conjecture that this organization probably has more scandal permeating the organizational layers than any of these banks. How about an audit of the FDIC?
Why hasn't President Soros or his underboss Hussein replaced the FDIC's CEO yet? The only thing that makes the FDIC superior to AIG is..."
(Excerpt) Read more at OdiousMarxist.com ...
Uhhh, the name is Sheila Bair.
...and she is clearly a psycho, which is why Obama kept her.
http://seekingalpha.com/instablog/387205-ppy/7349-fdic-contradictions-and-lies?source=new_post
FDIC - Contradictions And Lies
That makes plenty of sense. I’m so glad Obama is fulfilling his promise of bringing us all together and rising above politics.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.