Yesterday some of the biggest banks in this country – Wells Fargo, Bank of America, JP Moragn Chase, Morgan Stanley – collectively lost more than 50 billion dollars collectively yesterday alone.
But no one in media and government have barely remarked. It’s all racial equity, inclusion and climate. The emperors not so new clothes. . .
Federal officials aren’t supposed to cause bank runs. In fact, much of the New Deal bank regulatory apparatus was set up for the purpose of eliminating such panics. When FDR was hit with a massive set of bank runs shortly after taking office, he gave an address in order to calm terrified depositors, assuring them that the banks would reopen shortly, and that everything would be fine. But Chuck Schumer is no FDR. He doesn’t stop bank runs; he starts them. Or, at least, has started one.READ MORE
Writer Michelle Malkin points out a very close tie between Shorebank and Obama: a video of Obama visiting Kenya in 2006 in which Shorebank is depicted as a model for a program to make small loans to poor people in Kenya. In the video, Obama makes promises of U.S. economic help to Kenya. The video does not explain why Obama and his wife chose to visit Kenya at that time over all of the other poor African countries.SMALL INSTITUTION BASED IN CHICAGO RECEIVES LAST-MINUTE HELP FROM GIANT WALL STREET LENDERS, BUT WHY?
Americans are about to re-learn that bank deposit insurance isn't free, even as Washington is doing its best to delay the coming bailout. The banking system and the federal fisc would both be better off in the long run if the political class owned up to the reality.The Coming Deposit Insurance Bailout
We're referring to the federal deposit insurance fund, which has been shrinking faster than reservoirs in the California drought.
Alias Barack Obama: a lie is born: The greatest identity fraud in history Paperback – July 10, 2012
