Third largest bank failure of 2009 announced

Discussion in 'Politics' started by Trinity, Aug 22, 2009.

  1. Trinity

    Trinity New Member

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    Third largest bank failure of 2009 announced

    Texas-based Guaranty Bank is bought by Spanish bank. Regulators also seize institutions in Alabama and Georgia, bringing this year's tally to 81.


    Now are Foreign Banks going to need to bail out the FDIC?

    F.D.I.C. Seeks to Attract More Buyers of Banks
     
  2. D_Tintagel_Demondong

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    Aren't you going to blame you-know-who?
     
  3. sargon20

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    Well clearly that has to be the next step. I wonder if she/it/he is paid by the number of Obama bashing threads it starts or Faux News rah rah rah threads it starts or the RNC propaganda it posts. But the truly classic one remains : Gov. Sarah Palin's Speech was Epic that one left no room for doubt indeed we had no Hillarite as proclaimed. It was all a sham.
     
  4. B_VinylBoy

    B_VinylBoy New Member

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    Even Dave Chapelle & Aaron McGrudder TOGETHER couldn't write an opening post in a thread any funnier. "Keep on attacking her... you'll only make her stronger" (s)he said.

    BWAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!
     
  5. D_Tintagel_Demondong

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    I never believed for a second that Trinity was a Hillary fan. Trinity only pushed Hillary to cause a rift among the Democrats. Trinity has barely mentioned Hillary this year... not even Hillary's Secretary of State appointment. As soon as Hillary accepted her fate and backed Obama as DNC leader, Trinity moved on to attack Obama and hasn't stopped since. Cougars be damned.
     
  6. lucky8

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    this was all expected. The only thing to worry about is the fact that banks that are "too big to fail" are getting bigger, and their competition is starting to die out...

    someone had to say it...
     
  7. sargon20

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    The WSJ editorial page followed a similar track. It spent much of the early campaign season attacking Hillary until it became clear she was not going to be the nominee then it focused it's barrels on Obama and began firing relentless daily attacks much like Tirinity and Hillary? Well she's yesterday's news. The Enitity dropped Hillary equally as quickly and moved onto Palin. Right. Right.
     
    #7 sargon20, Aug 22, 2009
    Last edited: Aug 22, 2009
  8. Elmer Gantry

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    Anything that is "too big to fail" is really too big to exist in the first place.

    The consolidation of the banking sector in the US is very disturbing.
     
  9. sargon20

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    I'm sure in it's delusion It is getting stronger. Attending all those tea baggin parties and health reform scream feasts have given the Entity the illusion we are getting stronger.


    Under the Bushies anything big business wanted they had a sympathetic ear in the government. And now the laissez-faire bill has come due.
    “too big to fail” was evidence of a failure of antitrust enforcement says Assistant Attoney General for Antitrust Christine Varney announced a sharp break with the Bush administration on competition policy.

    -------------------------

    The Bush Administration has never met a merger it didn’t like. That’s the conclusion of a column in today’s New York Times by Stephen Labaton, “New View of Antitrust Law: Hear No Evil, See No Evil.”

    While the administration “continues its unsurprising policy of aggressively combating cartels and price-fixing … in other areas of antitrust law, the administration has taken the most relaxed and least aggressive approach since the last years of the Reagan presidency.”

     
    #9 sargon20, Aug 23, 2009
    Last edited: Aug 23, 2009
  10. AllHazzardi

    AllHazzardi Member

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    Hehe, physics applied to the Economy; those banks broke critical mass of money and imploded.
     
  11. faceking

    faceking Well-Known Member

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    I expected this... and as of now... am still on the low side of number of failures.... expected more strong "regional" banks to go.
     
  12. faceking

    faceking Well-Known Member

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    Tacky... bank failures have little/nothing to do with Bush/Obama/Palin/etc... get your head out of your ass... at least this one time.
     
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