Today in the free market: id theft, FDIC, taxes, bad loans, more bad loans

Student loan company loses data file with social security numbers of 3.3 million borrowers. According to Boehner and Dick Shelby,  stupid government regulations forced them to have lax security measures.

The FDIC is covering less of the banks losses during assisted takeovers. Now how are banks supposed to buy other banks without government help?

All the totalitarian fascist marxo socialists are ganging up on the captains of industry because they are jealous. The U.S. and European governments are moving toward a consensus on taxing large banks to cover the cost of any future bailouts rather than asking taxpayers to foot the bill. Bnaks have already started the process to move their HQs to Dubai.

After holding on to them for three years hoping for a turnaround, banks are unloading their shitty assets, including making deals with owners of underwater homeowners. The socialist gubment forced their hands.

Leave a Comment

Filed under Crooked bankers, Financial crisis, Financial meltdown, Financial regulations, Free market

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s