Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Crisis–Stabilize–Stimulate–Strengthen–Simultaneously!
If You Think The Problems We Create Are Bad,
Just Wait Until You See Our Solutions.
http://www.thinkgeek.com/homeoffice/posters/af76/zoom/
The Inconvenient Debt – Money Supply Hockey Stick – Dollar Will Collapse, Buy Guns & Gold
Glenn Beck Examines the Increased Printing of Money and the Increase in the Monetary Base
Government never furthered any enterprise but by the alacrity with which it got out of its way.
~Henry David Thoreau
Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters.
Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.
~Ludwig von Mises
Bad govenment intervention in the economy required more and more government intervention to correct the messes created by government in the first place.
Bad government again results in the need for a “bad government bank” to buyup bad mortage loans and packages of securities of bad loans owned by commercial and investment banks and other financial institutions.
Let the market work .
Boycott all businesses and banks that accept bailouts.
There are many responsible banks to deposit your hard earned money in.
Is your bank a “good bank” or “bailedout bank”?
U.S., European Bank Stocks Rise on ’Bad Bank’ Plan (Update2)
By Andrew MacAskill and Jon Menon
“…The Obama administration’s plan may instead set up a so-called bad bank to absorb the hard-to-value holdings that have prevented many lenders from making new loans.
“The fact that they laid out a good bank/bad bank scenario means the nationalization of Citibank and Bank of America that people are worried about is less of a possibility,” said Warren Koontz, head of large-cap value stocks at Loomis Sayles & Co. in Boston. “The rolling fear that started with Citigroup and spread to Bank of America seems to have stopped for now.”
The KBW Bank Index of 24 U.S. banking companies climbed 14 percent, trimming this year’s decline to 26 percent. …”
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2JbHihbAJXw&refer=home
Sheila Bair, Chair, Federal Deposit Insurance, on FBN
http://www.youtube.com/watch?v=ShKNCSnbUuE
Bank Watch List
The FDIC does not publish their watch list of failing banks or troubled institutions. However, private companies do publish ratings on banks. For a complete list of these companies, including contact information and website information.
http://www.fdic.gov/bank/individual/bank/index.html
-Is Your Bank At Risk?
Government is the worst failure of civilized man.
~H.L. Mencken
America will never be destroyed from the outside.
If we falter and lose our freedoms, it will be because we destroyed ourselves.
~Abraham Lincoln
Pagliuca Says Banks Still Hesitant About Buyout Lending
n-Depth Look: Banking on a “Bad Bank”
Debrief ll Jan 18: Bad British Banks
n-Depth Look: “Aggregator Bank” for Toxic Assets
Weil Says `Tremendous Deals’ Await LBO Firms With Money
Edmund Phelps Says U.S. Needed `More Coherent’ Stimulus
Roubini, Shiller Discuss U.S. Banks, Recession, Risks
Levene of Lloyd’s Expects Premiums to `Harden’ in 2009
Background Articles and Videos
Bailouts, Relativity and Dead Parrots
By Randall Hoven
“…Think about this bailout thing for a moment. We are told that the problem is a credit crunch — a lack of lendable funds, or a lack of willingness to lend them. The solution would therefore seem to lie in coaxing money from the relatively asset-rich to the relatively asset-poor.
How would you do that? Our government is doing it with huge bailouts, an $850 billion bailout under President Bush and an $825 billion or so stimulus under President Obama, on top of all the other bailouts for AIG, Fannie Mae, Freddie Mac, etc. Multiple trillions of dollars.
Where does the government get this money? It doesn’t have it on hand, not by a long shot; it already owed the public over $5 trillion before this all started. Answer: it borrows it.
That’s right. When the problem is lack of borrowable money, the federal government steps in and borrows a few trillion more. Let’s be clear: the government said the problem was lack of supply, so it increases the demand by trillions?
This makes zero sense to me. The government will be borrowing from lender A to give to lender B. It would be better if we could simply get A to lend to B directly and therefore avoid the middleman. This also makes me wonder if we’d be better off having lender A provide a loan to himself. (I’m not so sure that’s not happening.)
But not all the bailout money is even going to lenders. That “stimulus” money will therefore do nothing for a credit crunch, but will simply dish out money to Americans that was borrowed from other Americans, to be paid back by future Americans. Are we supposed to thank the government for forcing us to borrow money from ourselves? Doesn’t the idea that this will benefit us defy some law of thermodynamics?
How does borrowing by the government help other borrowers, the supposed intent of fixing a credit crunch? Talk about “crowding out.” This is Godzilla “crowding out” Bambi. …”
“…Here is what makes sense to me.
- Financial markets are strange and complex things. They have cyclical behavior, bubbles and bursts. And no one understands them. No one.
- Politicians and their appointees know they must be perceived as knowledgeable and in control, or else they’ll have to work for a living like us peons. Some go so far as to fool even themselves that they are knowledgeable and in control.
- Since most of us know we are ignorant and powerless in such things as financial markets, we like to believe that at least someone else isn’t. So when people say they know something, we tend to believe them. PhD’s from Harvard help.
Didn’t you ever wonder if the witch doctors themselves thought dropping a virgin in the volcano would really bring good crops? I’m thinking they didn’t. But it kept them in their witch-doctor jobs and gave them a few final moments in private with the virgins.
And that, boys and girls, is how government works. …”
http://www.americanthinker.com/2009/01/bailouts_relativity_and_dead_p.html
Ludwig von Mises (1881-1973)
by Murray N. Rothbard
“One of the most notable economists and social philosophers of the twentieth century, Ludwig von Mises, in the course of a long and highly productive life, developed an integrated, deductive science of economics based on the fundamental axiom that individual human beings act purposively to achieve desired goals. Even though his economic analysis itself was “value-free” — in the sense of being irrelevant to values held by economists — Mises concluded that the only viable economic policy for the human race was a policy of unrestricted laissez-faire, of free markets and the unhampered exercise of the right of private property, with government strictly limited to the defense of person and property within its territorial area.
For Mises was able to demonstrate (a) that the expansion of free markets, the division of labor, and private capital investment is the only possible path to the prosperity and flourishing of the human race; (b) that socialism would be disastrous for a modern economy because the absence of private ownership of land and capital goods prevents any sort of rational pricing, or estimate of costs, and (c) that government intervention, in addition to hampering and crippling the market, would prove counter-productive and cumulative, leading inevitably to socialism unless the entire tissue of interventions was repealed. …”
http://www.mises.org/about/3248
Stimulus slush fund for the housing entitlement mob
By Michelle Malkin
“…From tiny acorns, mighty government debacles grow. House GOP Leader John Boehner on Monday rightly sounded the alarm over billions in stimulus tax dollars that could potentially go to the Association of Community Organizations for Reform Now. But the Republican leadership has only scratched the surface over what amounts to a bottomless slush fund for a bigger coalition of housing entitlement thugs. ACORN, you may recall, is the Chicago-based left-wing activist group with longtime ties to community organizer-turned-President Obama. The non-profit, which now takes in 40 percent of its revenues from American taxpayers after four decades on the public teat, has a history of engaging in voter fraud, corporate shakedowns, partisan bullying, and pro-illegal immigration lobbying. The Democrats’ stimulus proposals could make the group — and its lesser-known, even more radical ideological allies — eligible for upwards of $5 billion in new public cash. …”
http://michellemalkin.com/2009/01/30/stimulus-slush-fund-for-the-housing-entitlement-mob/
Soros: ‘Bad Bank’ for Troubled Assets Is Bad Idea
“…Billionaire financier George Soros told CNBC he disagrees with plans to create a new government entity to buy up troubled bank loans and believes former Treasury Secretary Henry Paulson mis-managed the first rescue attempt of financial institutions.
“That (the “bad bank” proposal) will help relieve the situation, but it will not be sufficient to turn it around,” Soros said during a live interview at the Davos economic conference in Switzerland. Instead, Soros said he would create a “good bank” and re-capitalize the good assets.
He admitted his alternative plan is not likely to get support because it too closely approaches nationalization. “The political will to do that is not there,” he said.
As to Paulson’s handling of the first half of the $700 billion Wall Street bailout fund known as TARP, Soros said the money was used “capriciously and haphazardly.” He said half of it has now been wasted, and the rest will need to be used to plug holes. …”
http://finance.yahoo.com/news/Soros-Bad-Bank-for-Troubled-cnbc-14181833.html
Billions more needed for financial rescue
By DANIEL WAGNER
AP Business Writer
“…Looming above these is a proposal to set up a federal bank – dubbed a “bad bank” – that would buy troubled assets clogging financial institutions’ balance sheets. This would free the institutions to lend money and would entice wary investors back into the market, proponents say.
But the government will have to commit far more money than policymakers were discussing even a few weeks ago.
“I think we’re talking hundreds of billions of dollars,” said Brian Gardner, an analyst with the research firm Keefe, Bruyette & Woods. “I don’t think there’s anyone who doubts the administration will be going back to the Hill for more than the $350 billion” recently released from this fall’s $700 billion bailout package.
The International Monetary Fund wrote in a report Wednesday that losses from banks in the U.S. and Europe already have topped $1 trillion and could reach $2.2 trillion.
At that rate, the banks will require “at least half a trillion dollars” to remain solvent, the report says.
Congressional Democrats have been seeking advice from economist Mark Zandi, who said he is pushing a three-point plan for banks that includes more capital infusions, guarantees against losses on bad assets and a “bad bank” to buy distressed assets.
“They should use all three of those tools aggressively,” said Zandi, of Moody’s Economy.com. “If they are able to establish a marketplace for those assets, the benefits could be readily apparent.”
Federal Deposit Insurance Corp. Chairman Sheila Bair has mentioned the “bad bank” proposal in a series of interviews as one option the government should consider. …”
http://www.wral.com/business/story/4421416/
Wall Street Voodoo
Paul Krugman
“…A better approach would be to do what the government did with zombie savings and loans at the end of the 1980s: it seized the defunct banks, cleaning out the shareholders. Then it transferred their bad assets to a special institution, the Resolution Trust Corporation; paid off enough of the banks’ debts to make them solvent; and sold the fixed-up banks to new owners.
The current buzz suggests, however, that policy makers aren’t willing to take either of these approaches. Instead, they’re reportedly gravitating toward a compromise approach: moving toxic waste from private banks’ balance sheets to a publicly owned “bad bank” or “aggregator bank” that would resemble the Resolution Trust Corporation, but without seizing the banks first.
Sheila Bair, the chairwoman of the Federal Deposit Insurance Corporation, recently tried to describe how this would work: “The aggregator bank would buy the assets at fair value.” But what does “fair value” mean?
http://www.nytimes.com/2009/01/19/opinion/19krugman.html?_r=2
Davos Annual Meeting 2009 – Opening Plenary with Vladimir Putin
Davos Dodges Financial Crisis, Prepares for WEF Meeting
LOL
Pelosi is an Idiot and Obama has No Balls…
Related Posts On Pronk Palisades
Boycott Bailedout Businesses and Banks
Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!
The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now!
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The 12 Trillion–$12,000,000,000,000 Crime of The Century: The Decline and Fall of United States of America By Radical Socialist Spending–Look Before You Leap! « Pronk Palisades
April 21, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The Financial Crime of The Century: William K. Black On Massive Mortgage Fraud –Videos « Pronk Palisades
April 24, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
Eugenics, Planned Parenthood, Population Control, and Designer Babies–Videos « Pronk Palisades
April 25, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
GE–General Electric Plugged Puppet President Pinocchio–P3–Time To Unplug Jeff Immelt and GE! « Pronk Palisades
April 28, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
Obama/Ayers Latest Creative Joint Writing Project: Domestic Extremism Lexicon? « Pronk Palisades
May 5, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
US Federal Government Fails Stress Test–Insolvent: Time Has Arrived For Downsizing–Departments and Subsidies To Be Eliminated! « Pronk Palisades
May 7, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
A New Political Party In The United States? American Citizens Alliance Party–ACAP On Government Spending, Taxes, Debt, and Regulations! « Pronk Palisades
May 11, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
Is That How You Talk To Your Mother? Emanuel and Obama Want To Repeal The Second Amendment And Take American People’s Guns Used To Defend Their Homes and Family? The Flying Fickle Finger of Fate Award Goes To Emanuel and Obama! « Pronk Palisad
May 11, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
M3 Money Meteorite Moves–Deep Impact–The Coming Inflation Tidal Wave–Wage and Price Controls Will Signal Radical Socialist Obama’s Failure! « Pronk Palisades
May 14, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
President Obama’s Cloward-Piven Strategy of Controlled Crisis Creation Crippling Capitalism–Coup D-Etat On America « Pronk Palisades
May 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
President Obama–Killer of The American Dream and Market Capitalism–Stop The Radical Socialists Before They Kill You! « Pronk Palisades
May 19, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
CIA Old Boy Network –Walking Back The Cat–Barack Obama–Who Recruited Him and For What End? « Pronk Palisades
May 20, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
Independents Lead The The Second American Revolution Surge–Independence Day–Saturday July 4, 2009 In Washington D.C.–Tea Party Time–On To Washington! « Pronk Palisades
May 29, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
Independents Lead The The Second American Revolution Surge–Independence Day–Saturday July 4, 2009 In Washington D.C.–Tea Party Time–On To Washington–Dare You To Move! « Pronk Palisades
May 29, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
Calling and Raising The Stakes for Race Card Players–Obama and Sotomayor « Pronk Palisades
May 30, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The Triumph of Capitalism and The Power of Consumer Sovereignty Over Massive Government Failure–Bankruptcy of General Motors–Now Government Motors! « Pronk Palisades
June 1, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
General Electric’s Jeff Immelt Either Unplugs Maddow & Olbermann on MSNBC or Gets Unplugged For Supporting Serial Baby Mass Murderer! « Pronk Palisades
June 3, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
Rush Limbaugh: Obama is Destroying the Economy!–Videos « Pronk Palisades
June 9, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
United States Economic Depressions–The Good, The Bad, and The Ugly–Obama’s Depression–Over 15,000,000 Americans Seek Full Time Job! « Pronk Palisades
June 11, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
Today’s Progressives–Obama’s Radical Socialist Democratic Party « Pronk Palisades
June 12, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Mil
June 15, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
Formerly Silent Majority Shoutout–We Are Coming For You–To Washington D.C.–Saturday, July 4, 2009–Tea Party Time! « Pronk Palisades
June 18, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The Obama Depression Continues–Official Unemployment Hits Rate 9.8% (15,142,000 Seek Full Time Job) and Real Unemployment Rate Hits 17.0% (26,181,000 Seek Full Time Job)! « Pronk Palisades
October 2, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
The Obama Depression Continues–Official Unemployment Rate Hits 9.8% (15,142,000 Seek Full Time Job) and Real Unemployment Rate Hits 17.0% (26,181,000 Seek Full Time Job)! « Pronk Palisades
October 2, 2009
[…] Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Cri… […]
Obama’s Record $1,417,000,000,000 Budget Deficit –The Real Reason Obama Does Not Call Larry Summers? The Summers Video On Taxes and Budget Deficits! « Pronk Palisades
October 30, 2009