Archive for March 5th, 2009

Thursday, March 5th, 2009

Senates Seek $500 Billion for FDIC!

Why not throw another $500 billion into the mess?   A trillion here, a trillion there, and top it off with another 1/2 trillion!   The WSJ is reporting that Chairman Dodd is asking for $500 billion in loans from the Treasury for FDIC. Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit […]

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Thursday, March 5th, 2009

FDIC Could Become Insolvent In 2009

I’ve been warning people over and over again but the complacency persists but now you can hear it from the FDIC chair’s mouth: March 4 (Bloomberg) — Federal Deposit Insurance Corp. Chairman Sheila Bair said the fund it uses to protect customer deposits at U.S. banks could dry up amid a surge in bank failures, […]

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Thursday, March 5th, 2009

Jon Stewart Eviscerates CNBC

I was rolling on the floor last night watching the Daily Show with Jon Stewart.   He pretty much eviscerated CNBC in a collage of clips over the past couple of years.   CNBC is a perennial cheerleader for CEOs, the stock market and other business leaders.   Nothing wrong with that but there’s never anything truly objective, […]

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