[Ernest_at_the_Beach]

Thanks for the comments and adding material to the thread....am watching for more info but things are quiet at the moment....

Tried watching the Baarney Frank/ Geithner hearings this morning...CNBC had more coverage than others but lots of cut aways...

Sounds like FDIC would be the preferred BIG regulator...

U.S. FDIC would run seized non-bank firms-Treasury

***********************EXCERPT**********************

Under the proposal, the Treasury would build on the FDIC's existing authority to seize banks and thrifts, but a decision to seize control of a non-bank institution would require involvement of the Treasury Secretary, the Federal Reserve and be done in consultation with the U.S. president.

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Don't know where FHA would fit in here....

[Ernest_at_the_Beach]

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. Funds in non-interest bearing transaction accounts are fully insured, with no limit, under the temporary Transaction Account Guarantee Program. However, not all banks are participating in the TLGP/TAGP.

On January 1, 2010[10], the standard coverage limit will return to $100,000 for all deposit categories except IRAs and Certain Retirement Accounts, which will continue to be insured up to $250,000 per owner.

Insured deposits are backed by the full faith and credit of the United States.^[2]

[rockinqsranch]

Thanks for the ping Ernest....

Appears the most important email, fax, phone call message to our leaders of interest would include something along the lines of “GRAB THEIR SHOVELS”. “Make them stop digging”. “The hole’s deeper than it should be now” as example.

This misAdministration, or as the sign should read “Children at Play” is causing one “H” of a Constitutional mess that will require serious adult attention in the future.