Posted on 02/20/2009 5:36:49 AM PST by Zakeet
“Hello, Nationalized Bank, how may we help you?”
“I’d like to make a withdrawel.”
“I’m sorry, but all Savings Accounts have been put into the General Fund and spent on ACORN, er um I mean “Our crumbling roads and bridges.” Call back in 40 years when the bonds mature”.
“But I’ll be dead”
“Well then, your children will have quite a Death Tax to pay.”
She has the mistaken belief that this is a consumer confidence crisis, not realizing that it is financial protectionism (mostly in Europe in Sept/Oct) that kicked off the credit liquidation spiral. What nationalization does is convince the rest of the world that we too will become financially protectionist since that is the inclination of the new bureaucrat owners.
I have a question....
If your local “small friendly home town” bank becomes insolvent because it had substantial investment in fannie Mae, If FDIC comes in and takes control and then sells to Big Time Bank, and if the Big Time Bank then gets TARP money from the first increment, is the government really out any money. That is, FDIC is responsible for the <$100 k accounts and has in effect placed that burden on TARP.
This has happened twice to two local banks. One CEO shot himself.
She doesn’t know anything. She has no right to be trying to run
our public policies.
Given Katie’s extensive career in banking... it must be true.
Oh yeah, she's a perky cheerleader, right?
...just the person I want giving economic analysis.
Katie have you ever had to deal with the US Post Office?...would you have confidence if the bank where you keep your millions were run the same way?
Today CNBC had Howard Dean.
The man was there with fear in his eyes.
The Rebel Yell yesterday has the democrat leadership spooked. They are typical leftists. Where there is a revolution prepare for the counter revolution.
What do leftists do when they take power? first they kill their alies and useful idiots. Wall street were useful idiots for supporting obama so obama is killing them off first.
I heard her say this. I about fell out of my chair. Until we confront these ‘newsmakers’ we are toast.
I had a doctor's appointment Tuesday morning, and his waiting room is equipped with two wide screen hdtv's. Both are set to Fox News, and have been every time I have been there. My doc is a good, strong conservative and the best doctor I have ever had.
BTW don’t forget couric is a perky idiot but she is a left wing party loyalist so she may be reporting EXACTLY what the WH wants her to report.
IOW OBAMS WANTS PANIC SO PEOPLE DEMAND SOCIALISM.
He wants the crisis to get worse to push people out of their comfort zone in order to want slavery. (ironic for an admirer of Linchol....suuuuure)
You don’t live in the Northeast! Nashville is the top city left in our country that I haven’t been to and want to visit.
a young flute from paparazzzi pics i've seen
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