Category Archives: SARCASM & SNARKINESS

Are Bailed Out Big Banks & the Feds Preparing to Raid Depositor Accounts for Bail-ins?

WASHINGTON – The questionable practice of “bail-ins” begun by Cyprus a year ago to keep banks solvent is beginning to spread to other nations, and holders of large deposits are starting to see their balances plunge literally overnight.

A “bail-in,” as opposed to a bailout that countries especially in Europe have been seeking from the International Monetary Fund and the European Union, is a recognition that such outside monetary injections won’t be forthcoming.

What’s a bail-in?

 

Essentially it is a grab of a percentage of a depositor’s account as a way to hold additional money in reserve to help banks balance sheets meet the government’s reserve demands. Put another way, this is a new method of taking private sector wealth as fashioned after the Cyrus fiasco this spring.

 

A recent article in American Banker spells it out saying the era of the bank bail-in is upon us. The Wall Street Journal reported that the banks most likely to give you and IOU in exchange for your hard earned cash are Wells Fargo, JP Morgan Chase and Citigroup. In reality any bank that received a government bailout is a candidate to look to YOU for THEIR bail-in!

 

BANKS ROBBING US3Have you heard of the FDIC-BOE plan that many banks are supporting?

 

Under the plan big banks would get our (your) money and we (you) would get bank shares. That is, you would get bank shares in an institution that is basically insolvent or it wouldn’t be raiding your account to begin with!  We wouldn’t be left empty handed. No, no…we’d get the bank’s IOUs otherwise known as converted bank equity shares.

 

Converted! Do you like that term? What it means is the FDIC under Obama has allowed your cash to be stolen (such an unpleasant term) or converted (see, isn’t that better!) for their use!

 

Remember that business Obama said that you didn’t build by yourself?

 

Well, those same fine people believe that whatever is theirs is theirs and whatever is yours is also theirs!  In all their wisdom, they believe because the taxpayer bailouts were so unpopular that stealing from small business owners and smaller bank “shareholders” with no voice in Washington, will be less egregious!

 

The acts that are already in motion now would deliver clear title to the banks of depositor funds. Buried within the Dodd-Frank bill is a provision that makes bail-ins legal!

 

Plans are under way for our global economy, plans that include global banking allowing access to your accounts. Was the so-called Cyprus Experiment a prelude to the launch of a global trend of bank deposit confiscation? Only the most naive could think otherwise.

 

Why is it so important to know what is happening in other countries, Canada for instance? Private pension funds were just raided by the government in Poland, and a bail-in is being organized for one of the largest banks in Italy.

 

As recently pointed out in Time to Run from the Banks, now that bail-ins are becoming globally acceptable, no bank account and no pension fund will ever be 100% safe again.

 

What is means for us is that the governments of the world are eying our money as part of the solution to any future failures of major banks outside the U.S.

 

There is one final consideration, the worst part, as it were. Your hard earned money may be used, or “bailed-in” in the future to help bailout the banks/countries whose practices have caused the upheavals in Spain, Greece, Ireland, Portugal.

 

Remember Lehman Brothers that was too big to fail? Nuff said…

 

One comment about this video.

This woman isn’t a financial expert, but she does possess more common sense than those (fill in your own adjective ending with er here) in Washington. Her voice helps get through to the important points about bail-ins.

The Fiscal Cliff for Dummies Explained

The truth is I am simply exhausted… exhausted from Team Obama’s governance style of going from crisis to crisis. It gets to a point where one simply does not care.

In fact, not only don’t I care, I can’t wait for the whole damn bunch of them to take a dive. It can’t happen fast enough.

Let’em all go over the friggin fiscal cliff…OK, Obama first…splat! Next in line Harry Reid and Nancy Pelosi (hand in hand please!) …splat!

Oh, we can’t forget the U.S. Navy for pulling one of its aircraft carriers from the Mideast as a way to protest the possible cutbacks brought about from the automatic sequestration cuts. It seems the Navy will lose $4 billion over the next six months, an amount not large enough to be considered spit in the ocean. So, Mr. Panetta hold hands with the Navy officials who put their interests above those of the country…splat!

By the way, did you know that sequestration doesn’t mean ACTUAL cuts, but a slow down in spending? According to the Coalition to Reduce Spending:

It’s important to note that the sequester isn’t cutting real spending. The automatic spending “cuts” are only from the bloated CBO baseline. In other words, the sequester will only slow down the rate of spending increases. That means Pentagon spending will still increase over the next  ten years even with the sequester.

Now, want to really get sick? According to writer Arnold Ahlert in FrontPageMag.Com latest post on all this sequester hysteria, the real number for our national debt is significantly higher than $16 trillion! When all the government’s “off the books” numbers are added in and counted America’s actual debt is $86.8 trillion, or 550% of GDP!!!

Remember when the MSM used to talk about all those “unfunded liabilities?” 

                                                                                                                                                                  Next in line for their trip over the cliff should be all those in the talking heads and icky economists in the MSM, Obama’s cheerleaders and fear-mongers for ginning up what the sequester really means…Mr. Cooper no pushing

Ms. Maddow, Mr. Matthews line up, right behind Paul (I love welfare states) Krugman… are you going to be pushed or do you want to jump (?)...splat, splat…splat!

The truth is, the $85 million that the sequestration “cuts” will impose when compared with our $16 trillion deficit are small indeed. When compared with our actual debt of $86 trillion, these cuts are the equivalent of a speck of sand on the Sahara desert. 

Hey, Mika and Joe Scarborough next in line. Ah, I love the smell of napalm sound of Progressives splattering in the morning! SPLAT! SPLAT!

 

 

 

 

Mother Jones 47% Romney tape is a fraud;no surprise it’s selectively edited

Legal Insurrection was able to get a comment from David Corn, the reporter at Mother Jones peddling the videos, regarding the missing footage. Corn admits there are, in fact, about one to two minutes that are unaccounted for.  The Blaze

The MSM knocked themselves out yesterday, going into full Romney attack mode. They were huffing ‘n puffing all day trying to blow the Romney wants to be Prez house down. A new tape (on YouTube since May) had just been “discovered” that caught Mitt Romney in an unguarded moment talking to a group of wealthy people at a private fundraiser.

Mitt’s alleged crime was he was caught on tape discussing the 47% of citizens who don’t pay any taxes. The media narrative/shiny object of the day…Mitt was clearly inferring these people were all freeloaders and he didn’t care about them or their votes.

(Actually the figure tossed around on all the networks and morning shows, Fox & Friends and Morning Joe included for the past 2 years, is 49%, but I digress.)

That’s what all the talking heads on the Obama Media Group networks were saying, so it must be true. It’s not actually what he said, but who cares, it’s not like anyone would think to check this out, right? 

Well, not exactly. Seems more than one source did some checking because the so-called complete tapes were not so complete after all. Turns out that the tapes presented to Mother Jones by Jimmy Carter’s weasel grandson (self described oppo researcher who was looking for a job) were less than full and unedited tapes. In fact they share something in common with the Nixon/Rosemary Woods tapes…stuffs missing!

According to the source, the recording device inadvertently turned off. The source noticed this quickly and turned it back on. (This is believable, right?) The source estimates that one to two minutes, maybe less, of recording was missed.

4444

Opps, maybe the unedited tapes were edited after all!

 

 I’m beginning to experience Obama lapdog whiplash or MLW. You know what that is right? It happens every time the MSM plants a false or slanted story and then has to recant it the next day!

Cain Hit Piece by Politico Predictable and Unintensionally Funny

  • He breathed audibly, glared at the reporter and stayed silent for several seconds. After the question was repeated three times, he responded by asking the reporter, “Have you ever been accused of sexual harassment?”

from the new Politico novel Black Man Coming

The gloves are off. Maybe we should file this under reading between the lines; what they wrote and what they really meant!

Politico in concert with MSNBC and others are breathlessly reporting on allegations:

  • that “at least two” female employees complained to colleagues and senior association officials about inappropriate behavior by Cain. “At least two” really means, “damn, we tried to make it more while pretending to be journalists and couldn’t find a way!”
  • The women complained of sexually suggestive behavior by Cain that made them angry and uncomfortable. What the hell does this mean, suggestive? Either his behavior was or it wasn’t.

  • In one case, POLITICO has seen documentation describing the allegations and showing that the restaurant association formally resolved the matter. What this means is they’ve seen one side of the story, the allegation side they are using as a device to weaken Cain and strengthen Obama.
  • Both women received separation packages that were in the five-figure range. Five figure range? You mean the payoff could have been as little as $10,000? Sounds like a nuisance suit to me. Now if these women received $500,000 each that would be worthy of a second look.

There were also descriptions of physical gestures that were not overtly sexual but that made women who experienced or witnessed them uncomfortable.

 OK, I’m trying to figure out what kind of physical gesture that wasn’t overtly sexual, could be.

If Cain whipped “it” out and placed it on the table THAT would be suggestive. But no, it can’t be that. Did he place his hands in his ears and go, “Bugga,bugga, bugga”?

Unless Politico has something more than allegations, accusations, and anonymous sources this is a waste of my time and yours!

BTW, do you think the fact that this Politico piece was written by easily identified Journolisters could have tainted their perception of the truth? Na, what am I thinking?

UPDATED


Why it’s hard to take the Wall Street protesters seriously

We’re into week three or four of the Wall Street protests against corporate greed and what have we learned? Well, for one thing, this group is good for laughs.

What do they say about a picture being worth a thousand words? Let’s file these two pictures in our memory bank under nuff said. I mean really, they want to be taken seriously?

No, r-e-a-l-l-y?

More bong politics and progressive activism, pretending to part of a serious political movement.

Protesting & Pooping in My Nike's

Talking about serious movements, did you get a load (sorry, I couldn’t resist) of this guy?

H/T to Maggie’s Notebook for this glam photo.

Nothing’s funnier in my book than a guy protesting “corporate greed” & pooping on a police car in NYC while wearing his Nike’s.

What we’re talking about is a group where slogans matter more than substance

What we have are the privileged, pampered, parroting kids born and bred on  progressive speak down on Wall Street making a mess, getting arrested, and wasting time. They are laughable.

No one captures the American political scene better than Michael Ramirez.  He’s spot on here!

 

Can’t we get Obama to just shut up?

I don’t know about you, but I can barely stand to hear Obama say three words.

Talk about fingernails on a chalkboard! The Reverend Al, Lawrence O’Donnell, just about everyone at MSNBC…NUKE’EM!

OBAMA,BONG POLITICS & MARXISM

I read this a few days ago. Shame on me for not posting this sooner when J.R. Dunn was talking about Obama and the Solyndra scandal.

What impressed me most was the use of bong politics and Marxisant both on the same day to define Obama!  I laughed and thought, “spot on, you nailed the sucker!”

Hey man, ya know, like if I was like Prez...


“It’s often been said that Obama is a closet Marxist out to transform the U.S. into something resembling a people’s republic.”

I’ve never completely agreed with this contention.  For one thing, he’s not precisely a Marxist; he’s a Marxisant, a useful French word denoting someone who has memorized all the slogans while not bothering his head with any of the theory.

“Spread the wealth around” is a pure Marxisant statement, just as his attempts to stir up class hatred against private jet-owning billionaires is pure Marxisant behavior.

An actual Marxist would be far more subtle and convoluted, thanks to his grasp of theory and revolutionary tradition.  Obama has neither.

What he practices is bong politics, the kind of thing you’d hear in the college dorm after the third or fourth bowl: “If I was running things, man, I’d like, get rid of money, y’know?  Money messes with your head, right?  So you get rid of it, and then…”

While I’m thinking about it, looks like all those Wall Street “protestors” have been sipping from the same Bong Juice!

BogusTwo

PROOF THE TEA PARTY IS FULL OF TERRORISTS…& DON’T FORGET THE RACISTS!

Have you ever known someone in your life that is so tiresome, so tedious, so obtuse that you can barely say their name?

Lately the mere mention of Obama and his Progressive acolytes in Congress, in the MSM, and cable is enough to make me shut down.

After all Progressives have never found a Tea Party member they couldn’t dismiss or try to denigrate. Just ask, Maxine (I’m dumber than a stone) Waters!

I happened across this video the other day and it made me smile not an easy thing given the state of our economy and our country.

The video is so on point. Enjoy!

 

PRAT FOR OBAMA

A 39% APPROVAL RATING PRAYER FOR OBAMA

This was forwarded to me… and the choir sang, “AMEN!”

PRAY FOR OBAMA

 

—–  Psalm 109:8
My wife and I were in slow-moving traffic the other day and we were stopped behind a car that had an unusual Obama bumper sticker on it. It read: “Pray for Obama.  Psalm  109:8″.

When we got home my wife got out the Bible and  opened it up to the scripture. She started laughing &  laughing.  Then she read it to me. I couldn’t believe  what it said.  I had a good laugh, too.

Psalm  109:8 ~ “Let his days be few and brief; and let others step  forward to replace him.”

At  last — I can honestly voice a Biblical prayer for our  president!

Look it up — it is word for word!  Let us all  bow our heads and pray.
Brothers and Sisters, can I get an AMEN?