The agendas of liberals, progressives and assorted tyrants desperately depend on the aspects of human nature they often condemn, such as acquisitiveness, profit motive, self-interestedness and greed. This crossed my mind while reading “How Departures From Economic Freedom Can Affect Freedom In General,” by Dr. John Taylor, a Hoover Institution scholar.
AURORA, Colo. – Police have a “person of interest” in custody in connection with the robbery of the Wells Fargo back at 15301 E. Hampden Avenue Saturday afternoon.
Immediately following the robbery, police closed the intersection of Iliff and Buckley after reports the suspect might have taken hostages.
Crony Socialism: Obama’s re-fi scam is a smokescreen for another bankster bailout, says David Stockman
It’s nothing but another bailout for JP Morgan, Wells Fargo, and other big underwriters of 2nd mortgages and home equity loans, since ultimately these ‘homeowners’ are going to default. This is where 40 years of government meddling in the housing market has gotten us.
This scam is all about wealth redistribution and is the worst kind of crony socialism, says Stockman. (6:31)
February 9, 2012
Former Congressman David A. Stockman was Reagan‘s OMB director, which he wrote about in his best-selling book, The Triumph of Politics. He was an original partner in the Blackstone Group, and reads LRC the first thing every morning.
Yes, The Big Banks DO Care If We Move Our Money
650,000 customers moved $4.5 billion dollars out of the big banks and into smaller banks and credit unions in the last month.
But there is a myth making the rounds that the big banks don’t really care if we move our money. For example, one line of reasoning is that no matter how many people move their money, the Fed and Treasury will just bail out the giants again.
But many anecdotes show that the too big to fails do, in fact, care.
Initially, of course, if the big banks really didn’t care, they wouldn’t have prevented protesters from closing their accounts.
The troubled bank, already besieged by multibillion-dollar lawsuits and massive financial losses, saw its stock fall more than 2 percent in late-morning trading. The shares have plunged almost 44 percent for the quarter, the worst-performing in the Dow Jones industrial average by far. For the year, the stock is down 56 percent.
Now the bank faces a public relations backlash.
Fox Business Network’s Gerri Willis went as far as to cut up her debit card on the air Thursday evening. “Right here, right now, I’m going to show Bank of America what I think of their fees,” she said before using a pair of scissors.
(Excerpt) Read more at washingtonpost.com …
RUSH: You remember, ladies and gentlemen, I can’t tell you the number of times it has become a major discussion topic for callers when banks have raised the ATM fee. People go nuts. They e-mailed me and called and talked about what a bunch of rotten creeps the banks were, “Why does there have to be a fee on the ATM anyway? I’m already paying this bank out the wazoo.” Well, sit tight because your bank is going to jack up your debit card fee. “Bank of America customers with basic checking accounts will be hit with a $5 monthly fee in order to use a debit card for purchases, the bank announced Thursday. Banks and card companies have been aggressively establishing and raising fees in recent weeks as banks plan for new rules taking effect Saturday that limit the amount they can charge retailers for each debit card purchase.” And credit card,,,,,,,,,,,,,,,,,,,,,,,,,,
|Obama to create Armed Forces full of Corporal Klingers?|
|President Obama is being pressured by a team of activists to issue an executive order that would require the U.S. military to permit those individuals with a mental disturbance known as Gender Identity Disorder – including cross-dressers, drag queens, transsexuals, she-males and the so-called “intersexed” – to serve openly.|
Twitter aflame with reports of Wells Fargo, Chase and Bank of America customers being unable to withdraw cashATMs Crash Across The Country After Bank Holiday Warning 081110topImage: Betsy FletcherPaul Joseph WatsonPrison Planet.comMonday, November 8, 2010
Following rumors of a “bank holiday” that could limit or prevent altogether cash withdrawals later this week, Twitter and other Internet forums were raging yesterday about numerous ATMs across the country that crashed in the early hours of Sunday morning, preventing customers from performing basic transactions.It’s unknown whether the crashes were partly a result of a surge of people trying to withdraw their money in preparation for any feared bank shutdown, or if mere technical glitches were to blame.
The fact that the problem affected numerous different banks in different parts of the U.S. would seem to indicate the former.The Orange County Register reported that the problems were “part of a national outage” which prevented people from performing simple transactions such as cashing checks and withdrawing money.“Computer issues” were blamed for similar issues in Phoenix Arizona, while in Birmingham Alabama, Wells Fargo customers’ online banking accounts and ATMs displayed incorrect balances.
The banks primarily affected were Wells Fargo, Chase and Bank of America, but according to blogger Phil Brennan, who studied Twitter feeds and other Internet message boards that were alight with the story, numerous other financial institutions were also affected, including US Bank, Compass, USAA, Suntrust, Fairwinds Credit Union, American Express, BB&T on the East Coast and PNC.“Twitter is going crazy with reports of ATMs and online accounts going down as of 01:00 hours EST of the 7th of November 2010,” writes Brennan. “This is happening to many banks all across America. Some are trying to say that it is a computer glitch to do with the change in Daylight Savings Time, but I will call BS on this as we manage to put our clocks back over here in the UK without knocking out ATMs and online accounts nationally.”
Brennan questions whether the outages were the first warning shots in a move to “devalue the dollar,” just days after Federal Reserve chairman Ben Bernanke…
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