The Obama Bank Tax Plan, “Responsibility” isn’t the word

Jan 17th, 2010 by daddams16007 | read more

Back to the grind after a much needed vacation from Political idiocy.  There is just so much moronic activity you can deal with before it starts turning your own brain to mush.  Back to covering political stupidity, and the first subject is a doozey:  Barack Obama has announced intentions to levy a new tax an [...]

Topics: banks, Financial Melt-Down, Responsibility fee, Taxes

You want banks to lend money and stimulate the economy? Change your policies.

Dec 18th, 2009 by daddams16007 | read more

The naming of Ben Bernanke as Time’s Man of the Year prompted a discussion on a local talk show as to whether or not he deserved it.
One caller called in saying no, arguing that he had not really done anything to deserve the recognition.  The caller stated that he had not actually done anything to [...]

Topics: Ben Bernake, Financial Melt-Down, Loans, obama

Never has an American President so clearly illustrated they are economically illiterate

Dec 15th, 2009 by daddams16007 | read more

Never has Presidential economic illiteracy been so clearly defined as it has in the past couple of days in the statements President Obama has made in regards to the Banking industry.
The first statements came in the interview Obama gave on 60 minutes on Sunday.
In that interview, President Obama attacked saying:
“They’re still puzzled why is it [...]

Topics: Economy, Financial Melt-Down, obama

The Financial Disaster: The Other Shoe is About to Drop

Oct 9th, 2009 by daddams16007 | read more

The New York Times has an article that should greatly concern anybody with a passing familiarity with the causes of last year’s financial melt-down.
The latest problem?  The F.H.A. or the Federal Housing Administration.
The F.H.A. was created in 1934 to aid lower-income and first-time home buyers purchase homes.  It does this by insuring the mortgages given [...]

Topics: Financial Melt-Down, Insanity

Obama Administration Decides to Double-Down on Policy that Caused the Banking Crisis

Sep 28th, 2009 by daddams16007 | read more

In a move that can only be described as moronic, the Obama administration has decided to give $35 Billion to State Housing Finance Agencies, or HFAs.
Why does this amount to Governmental idiocy?  Try the phrase “toxic assets”.  Banks being forced to devalue these mortgage-backed securities is what lead to the Banking Crisis.
The “problem” as far [...]

Topics: Financial Melt-Down

Object Lesson on the Dangers of Out-Sourcing

Sep 24th, 2009 by daddams16007 | read more

No,I don’t mean out-sourcing jobs.  I’m talking about the out-sourcing of financial policies.  The Unites States has let other countries determine our financial policies, and it had had extreme repercussions.  It’s what led to our financial melt down.
Commercial Bank regulations are basically set by the banking regulators of the 20 largest economies (the G-20).  In [...]

Topics: Democrats, Financial Melt-Down, G-20

Hot Topics in Network