Posted on 09/24/2010 2:23:41 PM PDT by MamaDearest
Excerpt only per posting rules: The federal government on Friday seized three undercapitalized wholesale credit unions -- Members United Corporate Federal Credit Union of Warrenville, Ill.; Southwest Corporate Federal Credit Union of Plano, Tex.; and Constitution Corporate Federal Credit Union of Wallingford, Conn.-- and unveiled a package of regulations affecting the industry.
Link: Government takes over three credit unions
(Excerpt) Read more at marketwatch.com ...
Oh crap! The Marxists are coming after credit unions now!
Well, great. Just great.
omg, they are coming after the credit unions now!
get these commies out of office !
ssshhhh... It’s Friday, maybe no one will notice...;)
The new rules include a program to have the institutions pay annual fees to cover the losses on a $50 billion portfolio of toxic mortgage securities losses on the group of undercapitalized corporate credit unions. Last year, in March 2009, the National Credit Union Administration, the regulator for federal credit unions, took control of two credit unions.
Stay away from the CU’s ZERO.
and unveiled a package of regulations affecting the industry. —
we have to pass the bill so you can find out what’s in the bill...
Soon to come
Legislation in the UK wants your employer to send your pay check to the government they will take what they deem necessary and return the rest to you.
126 bank failures thus far in 2010, running at a pace to easily exceed the 140 that were closed last year. The MSM does not seem to think this is news.
Isn't this how Hitler conquered Germany? Takeover of all financial institutions.
Glenn Beck just had an interesting guest on his TV show. A woman whose family moved here when she was 12. She said the first thing she noticed when she went to school after Hitler was elected was that the crucifix in her classroom was gone and “the children” were told they wouldn’t be praying in school anymore. Then they were told to not obey their parents anymore. The parallels to what is happening under the “Change” regime here in America right now are uncanny.
I saw that. As an eyewitness she completely destroyed the leftist meme that “Hitler was a Christian.” As a student in a German classroom she said the first thing Hitler did was ban religious instruction in the schools.
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