Tuesday, September 29, 2009
FDIC looking weaker and weaker
I wrote earlier this year that the FDIC promise is paper thin.
It's getting thinner.
It's getting thinner.
The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to replenish the deposit insurance fund that has been severely depleted by a rash of bank failures.
The FDIC board likely will call for "prepaid" bank insurance premiums at its public meeting Tuesday to discuss the issue, three industry executives and a government official said. The banking industry prefers that option over a special emergency fee — which would be the second this year. The executives and the official spoke on condition of anonymity because the decision has yet to be made public.
It would be the first time the FDIC has required prepaid insurance fees. Under the plan, banks would have to pay in advance their insurance premiums for 2010-2012, bringing in about $12 billion for each of the three years, two of the executives said. That is the normal amount of insurance fees, though it could vary somewhat according to growth in total insured deposits — the basis for determining the fees.
Labels: banking, economy, FDIC, finance, I told you so
Saturday, September 26, 2009
Ha ha ha ha ha!
HA HA HA HA HA HA HA HA HA!!!!!!
Back in January of this year, I wrote that Obama's decision to commit to closing Guantanamo Bay Prison down without first having a plan for disposition of each one of the inmates was dumber than a sack of hammers. Indeed, I wrote that Obama was painting himself into the biggest legal corner in living memory, and that his "ready, fire, aim" decision-making process was indicative of his fundamental unseriousness and and the intellectual unseriousness of the American left.
It turns out reality caught up to these dreamy-eyed morons, as unicorn shit and pixie panties and Skittles from on high were not enough to empty the prison by that idiotic, self-imposed "deadline."
The Washington Post account is by far superior to the CNN account (no surprise: their reporters have a much thicker rolodex of well-placed sources in government than CNN), and makes the backstory clear: The outgoing Bush Admin officials and career diplomats clearly warned the Obamabots against trying to close Gitmo without placing the inmates first. The arrogant, starry-eyed libtards thought they were better, and threw the government at the mercy of foreign governments they could not control.
Think of it: The entire civil service. And this crackhead overrulled them all. I hope Obama told him what I would have told him: "You made me look ridiculous, and a man in my position cannot afford to be made to look ridiculous!!!"
Looks like Craig's been taken off the case. Indeed, according to the Washington Post, he's been heavily involved in vetting White House appointees.
So now we know who's responsible for Van Jones, too. Brilliant!
Splash, out
Jason
Back in January of this year, I wrote that Obama's decision to commit to closing Guantanamo Bay Prison down without first having a plan for disposition of each one of the inmates was dumber than a sack of hammers. Indeed, I wrote that Obama was painting himself into the biggest legal corner in living memory, and that his "ready, fire, aim" decision-making process was indicative of his fundamental unseriousness and and the intellectual unseriousness of the American left.
It turns out reality caught up to these dreamy-eyed morons, as unicorn shit and pixie panties and Skittles from on high were not enough to empty the prison by that idiotic, self-imposed "deadline."
The Washington Post account is by far superior to the CNN account (no surprise: their reporters have a much thicker rolodex of well-placed sources in government than CNN), and makes the backstory clear: The outgoing Bush Admin officials and career diplomats clearly warned the Obamabots against trying to close Gitmo without placing the inmates first. The arrogant, starry-eyed libtards thought they were better, and threw the government at the mercy of foreign governments they could not control.
Craig oversaw the drafting of the executive order that set Jan. 22, 2010, as the date by which the prison must be closed.
"It seemed like a bold move at the time, to lay out a time frame that to us seemed sufficient to meet the goal," one senior official said. "In retrospect, it invited a fight with the Hill and left us constantly looking at the clock."
"The entire civil service counseled him not to set a deadline" to close Guantanamo, according to one senior government lawyer.
Think of it: The entire civil service. And this crackhead overrulled them all. I hope Obama told him what I would have told him: "You made me look ridiculous, and a man in my position cannot afford to be made to look ridiculous!!!"
Looks like Craig's been taken off the case. Indeed, according to the Washington Post, he's been heavily involved in vetting White House appointees.
So now we know who's responsible for Van Jones, too. Brilliant!
Splash, out
Jason
Labels: detainees, Gitmo, I told you so, Obama, Politics, State Department, War on Terror
