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Morning. TFTP!!!
Noticed Professor Newt talked about the Laffer Curve in his announcement. Yo Newt. Most people don't know about and a large number of those who know DON'T CARE ABOUT the Laffer Curve.
And the "Sofa Debate". Oh please...
Go away.
Would like to see Herman Cain stand in for Newt on MTP, but the RATS are not going to let that happen.
With Haley and Ryan on in addition to the usual re-treads, we can claim progress; not perfection, but at least progress.....
Who Backs Up The FDIC?
http://www.investopedia.com/articles/economics/08/fdic-insurance-dif.asp
The FDIC stated publicly in September of 2008 that it did not anticipate that there would be enough bank failures to deplete the $52 billion Deposit Insurance Fund (DIF).
This fund, composed of the premiums banks pay to have their deposits insured, is controlled by the FDIC.
If the DIF were to be depleted, the FDIC also has a $30 billion line of credit with the Department of Treasury and the federal government’s guarantee that if the FDIC exhausts its other options, the government will step in to provide further financial backing.
The FDIC could also borrow money from the Treasury in the form of short-term loans. This occurred during the savings & loan crisis in 1991, when the FDIC was forced to borrow several billion dollars from the Treasury.
Hopefully she'll excoriate nobama and his NLRB union thugs vis Boeing.
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Nikki Haley Ping
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Tue May 10, 2011, FDIC unveils retail foreign exchange rule
http://www.reuters.com/article/2011/05/10/us-financial-regulation-fdic-idUSTRE7485IC20110510
The rule is required by last year’s Dodd-Frank financial oversight law.
“It’s really focused on the speculative activity that provides higher risk and for which additional consumer protections would seem justified,” said FDIC Vice Chairman Martin Gruenberg said.
Citigroup is among the largest banks that offer foreign exchange trading services to retail customers.
Retail customers are often individuals trying to make money by speculating on currency fluctuations. The requirements will limit how much they can borrow when making bets.
Under the rule, a retail customer is defined as someone who has less than $10 million in assets.
It looks like all Republican TV today. Save Dick Turbin.
Except for Brit Hume,FNS is going to be a jaw cracking yawn.
Morning all and thanks for the thread AB.
I can hardly wait for the exciting line-up on today’s shows. This promises to be nothing but breathtaking.
CNN SOTU
Crowley starts off with commentary that the Gov MUST raise the debt limit or ‘the end is near’ and we’re all gonna die.
Good morning. See nothing that enticing but Newt is always fun to watch even though his getting into this race seems nutty to me.
Newt is starting out slow talking about all these ‘crossroads’
Chris Wallace to Huckabee:
“Who benefits (by your exit)”?
Huckabee: Mentions several including Gov. Palin,
but DOES NOT MENTION ROMNEY.
Wallace fumes (endless whining Romney PIMP), and says:
“You didn’t mention Mitt Romney”.
No he did not.
Wallace:
“Could you support Trump”?
Wallace ends with falsetto indicating Donald
Trump is ‘not serious’ to the quite biased
RomneyBOT Chris Wallace.
FOX - Biased, biased, biased, biased (needs warning label).
