Wednesday, March 26, 2008

The Bank Failures Are Coming! The Bank Failures Are Coming!

But you knew that already, didn't you?

You already knew that these BushCo bailouts were aimed at CEOs and Bushmade men, whose golden parachutes are in perfect working order.

And you knew that we, the taxpayers, would end up footing the bill for BushCo's financial folly.

But did you know that the FDIC is hiring more workers to get ready for 150 bank failures?
The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 workers in the division that handles bank failures, John Bovenzi, the agency's chief operating officer, said Tuesday.

"We want to make sure that we're prepared," Bovenzi said ...

Gerard Cassidy, managing director of bank equity research at RBC Capital Markets, projects 150 bank failures over the next three years, with the highest concentration coming from states such as California and Florida where an overheated real estate market is in a fast freeze.

What I'd like to know:

How do they know it's 150?

There'd have to be a list, right?

Who made the list?

When was this list begun?

Which banks are on the list?

Who are these new workers? (Unemployed mortgage brokers...? There's your daily dose of probable irony for you.)

Here's what you need to consider today...

Which Democratic presidential candidate will be best prepared to deal with this bank failure nightmare... and the rest of the BushCo messes?

A blank slate or a seasoned fighter?

Best bar bet in the world: Delilah didn't do it.
Judges 16:19-- and and


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