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Thank God it's Friday


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jickiss is back!

 

 

 

jickiss is back!

 

 

and

 

Dear mdporter,

 

ohmigod! you do like Old Fashioned ATM machines, don't you?

 

:rolleyes:

 

Interest rates on savings accounts were alot better when banks closed at 3:00pm on a weekday and there were no ATM machines at all.

 

I am so sick and tired of reading about all the people who benefitted from the fraudulent loans then cry like little babies when it all crashed in on them. Boo Effing Hoo. I pay my taxes and they can damn well pay theirs too.

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taxpayers a.k.a. taxrapees are the biggest Losers of all time

 

they are the hosts for all the parasites

 

CA just took away $200 per child of tax credit (without asking the taxrapees of course)

 

the feds handed out $250 per Social Suckyerity reamcipient fer "stimulus" (without asking the taxrapees of course)

 

in NYC the gov't handed out $millions in stimulus $caSSh, $200 tax-free per child ONLY to food stamp reamcipients (without asking the taxrapees of course)

 

in CA they stealth-jacked the rate tables this year (without asking the taxrapees of course)

 

the hits just keep on comin'

 

with all the handouts and rob-thy-neighbor angles running out of control, if you actually work honestly fer a livin' on W-2 you are one dumb schmuck and that's a fact

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Banks Hiding Tsunami of Foreclosures

 

“I believe we are about to see a tsunami of foreclosures in the U.S. A lot of homes have been held back because if the banks are foreclosing on them they will have to do a writedown on the mrotgouges they have on their balance (sheets),” Karsbol told CNBC.

 

More homoaners may be faced with no choice and will just stop paying their mrotgouges, he warns.

 

Soon homoaners may be looking around their neighborhoods and realizing that their neighbors have opted to stop paying their mrotgouges and are living scot free, he said.

 

“The fact that many homoaners are allowed to stay in their houses without paying on their mrotgouges begs the question: Why should you pay on your mrotgouge when your neighbor doesn’t?" Karsbol said.

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In the if it is Friday category, we have three failures for a loss of about 430 mil. Is that a lot? ;)

 

Friday, August 28, 2009

Bank Failure #84: Affinity Bank, Ventura, California

by CalculatedRisk on 8/28/2009 09:19:00 PM

From the FDIC: Pacific Western Bank, San Diego, California, Assumes All of the Deposits of Affinity Bank, Ventura, California

 

 

Affinity Bank, Ventura, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...

 

As of July 10, 2009, Affinity Bank had total assets of $1 billion and total deposits of approximately $922 million. ...

 

The FDIC and Pacific Western Bank entered into a loss-share transaction on approximately $934 million of Affinity Bank's assets. ...

 

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $254 million. ... Affinity Bank is the 84th FDIC-insured institution to fail in the nation this year, and the ninth in California. The last FDIC-insured institution closed in the state was Vineyard Bank, National Association, Rancho Cucamonga, on July 17, 2009.

 

CR

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In the if it is Friday category, we have three failures for a loss of about 430 mil. Is that a lot? ;)

 

Friday, August 28, 2009

Bank Failure #84: Affinity Bank, Ventura, California

by CalculatedRisk on 8/28/2009 09:19:00 PM

From the FDIC: Pacific Western Bank, San Diego, California, Assumes All of the Deposits of Affinity Bank, Ventura, California

 

 

Affinity Bank, Ventura, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...

 

As of July 10, 2009, Affinity Bank had total assets of $1 billion and total deposits of approximately $922 million. ...

 

The FDIC and Pacific Western Bank entered into a loss-share transaction on approximately $934 million of Affinity Bank's assets. ...

 

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $254 million. ... Affinity Bank is the 84th FDIC-insured institution to fail in the nation this year, and the ninth in California. The last FDIC-insured institution closed in the state was Vineyard Bank, National Association, Rancho Cucamonga, on July 17, 2009.

 

CR

CNBS is spinning it as bullish because they thought

4 banks would go under. They are touting the number

as "better than expected"

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Long-term view of the nasty 100. Price currently near the purple downtrend line. It may be significant or could mean absolutely nothing as have most downtrend lines recently.

 

post-350-1251495981_thumb.jpg

 

 

Log, Linear...tomato, tomatto...

 

...just sayin' :o :huh: :mellow:

 

Object 1: An healthy organic tomato...nourished by stool.

 

Object 2: A genetically modified, drought resistant, disease resistant, pest resistant Hosanto Franken-Tomato...with enhanced bear repellant, requiring frequent large quantities of chemical fertilizer FEEDing,

 

...now if we only knew which was which? :unsure:

post-565-1251521631_thumb.png

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with all the handouts and rob-thy-neighbor angles running out of control, if you actually work honestly fer a livin' on W-2 you are one dumb schmuck and that's a fact

 

Yup, I'm a moron douchebag for werkin' in the private sector an' payin' my taxes every year.

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universal health care will be good for the US stock market in the longer-term...personal expenditures going to the bottom line of insurance and pharma companies will be redirected to food, clothing, housing, transportation, leisure, etc...think about it...decent, affordable health care is a right not a privilege unless you live in most of africa, asia, south america...and parts of north america

 

i have conviction that the failure to pass such legislation, despite the money being thrown at both parties otherwise (congress by and large know who their masters are, and its not we the people), will hamper and likely cripple any longer-term economic recovery...cheers and...

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Yup, I'm a moron douchebag for werkin' in the private sector an' payin' my taxes every year.

 

touche et touche plus...everyone with gobberment jobs...avarice and war and plunder forever...a 7th century ideal if you like ...1 in 7 jobs in usa are federal/state/municipal...factor in the business that depends on these "free market" enterprises and you have 1/4 to 1/3 of the economy feeding off the rest...private sector firing and public sector hiring...same as it ever was...why can't we all work in the public sector with pension and benefits to die for?...oh wait, thats a hardship position that requires long hours, excellence and and an unwavering commitment to customer service...higher taxes? hell yea, same bucket so whats the problem?...only the best and brightest and productive need apply...freedom fries, without french assistance..no american revolution

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