Posted on 03/07/2009 11:30:45 AM PST by Sybeck1
Obama Ponders Outreach to Elements of the Taliban
Then the article on Drudge takes you to the above heading. GEEZZZ, he want to surrender.
Tell me about it. For my retirement funds (IRAs and 401K), even with the additional taxes AND penalties, I'd be ahead today of where I am today, by about 10%!
Mark
The facts show:
MORE JOBS HAVE BEEN LOST SINCE HUSSEIN WAS ELECTED THAN IN THE PREVIOUS 11 MONTHS!!
This is TRULY a HUSSEIN recession!!
Lately around here they say they don’t keep any cash and you have to “order” it a week in advance
____________
That’s happening all over. Tell them to order it, go pick it up
Take it out in dribbles and drabs. Some each day....’sides it’s less obvious that way.
_____________
Yep
How right you are! Kobe (sp?) beef at his parties.
I would also like to see how much of the worthless Carbon Footprint he has left since taking office because he take Air Force One for joy rides a few times a week.
The Lame Stream media do not report his jaunts around the country but he seems to think he is a king and is deserving of flying around just because he can.
If President Bush, or any other Conservative President had done this they would be raked over the coals by the media.
ONLY TOOK HIM WHAT, 3 OR 4 WEEKS???! GUESS THOSE FOCUS GROUP RESULTS DIDN'T COME OUT LIKE YOU THOUGHT THEY WOULD, EH, HUSSEIN?!
What a coward.
BS
‘If I had been advising my attorney general, we would have used different language’... What Ebonic’s?
The new wallet.
Be sure to get a safe that is heavy enough that some big old fat thief can’t break in and haul it out on his back. Our little fireproof safes are so small that a six year old kid could haul them out; but we only keep papers in them.
Don’t worry no matter where you put it if you have something to put, they know what you have.
The Banks say it is because of 9/11 this is for security the Banks have to report everything down to you toenails!
Moving from one state to another you either have to have Driver license or a non driver ID of the state you moved to do business such as getting a phone put in, or any of your untilies.
I bet most born after 1970 do not realized how much freedom has eroded as an American citizen life.
I forgot about that—do you remember the amount of credit that was being used?
HAHAHAHAHA
Since he seems to be wrong about everything, I will now begin stuffing money in my mattress starting....NOW!
lol
Good for you!
Freedom Bank of Georgia Seized, 17th U.S. Failure This Year
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By Margaret Chadbourn and Ari Levy
March 7 (Bloomberg) — Freedom Bank of Georgia was seized by regulators, the 17th bank closed this year, as the recession persists and a jump in unemployment pushed more borrowers behind on home loan payments.
Freedom Bank, in Commerce, Georgia, with $173 million in assets and $161 million in deposits, was shut by the state’s Department of Banking and Finance and the Federal Deposit Insurance Corp. was named receiver. Northeast Georgia Bank of Lavonia, Georgia, will assume deposits, the FDIC said.
“Customers of both banks should continue to use their existing branches until Northeast Georgia Bank can fully integrate the deposit records of Freedom Bank of Georgia,” the FDIC said.
The U.S. economy is in the second year of a recession caused partly by a collapse of the housing market and losses in the financial system linked to mortgage securities. The U.S. unemployment rate reached 8.1 percent, the highest level in more than a quarter century, and employers shed 650,000 jobs last month, the Labor Department said.
Closely held Northeast Georgia Bank will buy about $167 million in assets at a discount of $13.7 million and the bank agreed to share with the FDIC in any losses on about $96.5 million in assets. The FDIC estimates the transaction will cost the deposit insurance fund, supported by fees on insured banks, about $36.2 million.
Bank Losses
FDIC-insured banks lost $26.2 billion in the fourth quarter, the first loss for a three-month period since 1990. U.S. banks and other financial companies have reported about $800 billion in writedowns and credit losses since 2007 in the worst financial crisis since the Great Depression.
“There is no question that this is one of the most difficult periods we have encountered during the FDIC’s 75 years of operation,” FDIC Chairman Sheila Bair said at a news conference on Feb. 26 after the industry report was released.
The FDIC predicted that bank failures will cost the fund $65 billion through 2013, up from the $40 billion estimated in October. The fund, drained by 25 bank shutdowns last year, dropped 45 percent to $18.9 billion in the fourth quarter from $34.6 billion in the preceding three-month period.
The Washington-based agency classified 252 banks as “problem” in the fourth quarter, a 47 percent jump from the third quarter. It doesn’t name the “problem” banks.
New FDIC Fee
The FDIC approved a one-time emergency fee of 20 cents per $100 of insured deposits on banks to bolster the insurance fund at a board meeting on Feb 27. Bair wrote a letter to Senate Banking Committee Chairman Christopher Dodd, saying she may cut the new levy if lawmakers expand the amount of credit the agency can draw from the Treasury Department.
Dodd, a Connecticut Democrat, introduced a bill to permanently raise the FDIC’s borrowing authority from Treasury to $100 billion and temporarily increase it to $500 billion through Dec. 31, 2010. The House of Representatives this week passed a measure that would triple the FDIC’s credit line to $100 billion and permanently raise the deposit-insurance limit to $250,000.
The FDIC prompted a banking industry outcry over the new assessment. Camden Fine, president of the Independent Community Bankers of America, said on March 3 he’s received more than 1,000 messages from executives complaining that the one-time fee could significantly reduce 2009 earnings.
To contact the reporters on this story: Margaret Chadbourn in Washington at mchadbourn@bloomberg.net; Ari Levy in San Francisco at alevy5@bloomberg.net.
Last Updated: March 7, 2009 00:00 EST
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