Obama's Banking Fraud.

http://www.usatoday.com/money/industries/banking/2010-04-21-tarp-banks_N.htm
Banks receiving government aid cut loans

Banks that received federal assistance during the financial crisis reduced lending more aggressively and gave bigger pay raises to employees than institutions that didn't get aid, a USA TODAY/American University review found.

Barack Hussein Obama is a genius.

Barack Hussein Obama hates capitalism. Barack Hussein Obama was elected on a platform that he likes capitalism. How can Barack Hussein Obama carry out his plans for the destruction of capitalism while the public looks on? By lying to the American people. Take the bank bailout, for example. Barack Hussein Obama claimed this would help the American economy. It has helped the American economy. To the brink of destruction.

The banks, which are the life blood of the economy, loan money to individuals and small businesses which are the economy. No matter what the liar-in-chief claimed when he got the bailout bill passed, ALL the banks that received bailout money reduced the number of loans and the amount of loans made to individuals and small businesses. And to show their solidarity with the American public during these trying economic times, ALL the banks that received bailout money, gave large bonuses to their executives.

How's that for helping the American economy and the liar-in-thief.

What is even better that that, you might ask?

What do you think happens to any paid back money from any of the bailed out banks? If you think any of that payback goes back to any of the 8+ million unemployed American people, or the 4+ million homeowners facing foreclosure, or any of the still employed who had their taxes looted for this fiasco, then you haven't been paying attention to the Chicago style corruption of our criminal-in-chief. Any paid back funds go into a slush fund for further distribution by the fraud-in-chief who is getting tired of having to bribe the corrupt politicians for more of his dirty tricks.

Sounds like a win-win-win situation to me.

The corrupt-in-thief lied about how the money was going to be used.

The corrupt-in-thief won't use the paid back funds for anything legitimate or authorized by the congress or senate.

The corrupt-in-thief can blame everything on the greedy bankers.

Pure genius.

If At First T.A.R.P. Doesn't Work, Try, Try Again.

http://www.reuters.com/article/idUSN2617067420100226
US Treasury loan fund to ease credit to small firms

T.A.R.P. Troubled Asshole Relief Program

The U.S.Treasury said that since the prior bank bailout didn't work, they will do the same thing all over again, but this time with even more money.

Like all government programs, the bank bailout program was ill conceived, and poorly executed. But like all government programs, those are the base requirements for any program that hopes to get funding. After all, with all the special interest groups lobbying to get their own pork project funded, politicians just don't have the time or the interest in doing anything for the voters who actually elected them to office.

Bank Failures. And The Hits Just Keep On Coming!

http://online.wsj.com/article/SB10001424052748704511304575075950889213516.html?mod=WSJ_latestheadlines
U.S. Bank Failures in 2010 Rise to 20

Another week, another 4 bank failures.

Yup.

The stimulus / bailout (welfare for the wealthy) bill from last year really saved the economy and jobs. Although it didn't save these 4 banks. Or the 185 banks before them that failed. Or the projected dozens of banks expected to fail later this year.

Although, maybe the plan is to let ALL the banks fail until there is only one left. At which point it really will be too big to fail.

Escalating Bank Failures Constitute Proof The Economy Was Saved A Year Ago.

http://online.wsj.com/article/SB10001424052748703822404575019681776963858.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
Five Banks Fail; Year's Total at 9

9 banks have failed so far in 2010.

Unemployment continues to climb. Home foreclosures continue to climb. Bank failures continue to climb. It is a good thing that Barack Hussein Obama saved the economy a year ago.

I shudder to think what shape the United States would be in if the economy hadn't been saved. In fact, based on these results, the stimulus / bailout worked so well, that we need to do it again this year. Unfortunately, Barack Hussein Obama is running out of Wall Street Wizards to bail out, so he won't know what to do with any money he might earmark for this project. Of course, he could just set up a slush fund for his private discretion to use as he sees fit. Considering how well Barack Hussein Obama has done so far in saving the economy, he needs to be able to continue to cut back room deals without any oversight to continue with the progress he has made so far.

Aren't you glad you can live in a country that allows you to own your own cardboard box, and collect food stamps while discussing how good a job the current regime has done so far?

Obama Pretends To Get Tough With The Banking Industry.

http://online.wsj.com/article/SB20001424052748704281204575002502656839716.html
Obama Unveils $90 Billion Bank Tax With Sharp Words

Evidently Barack Hussein Obama likes talking tough. At least his teleprompter seems to. He certainly doesn't like acting tough. He is soft on third world dictators (he hates America and wants to be friends of any and all dictators). He is soft on terrorists (he is afraid to offend his Muslim brethren). He is soft on corrupt politicians (he has to, he bribes them whenever he feels it necessary). He is soft on wall street looters (he was simply replaying their campaign contributions).

Of course Barack Hussein Obama wants large taxes on any banks that accepted his bribe. None of the banks contributed to his election campaign, so he wants to punish them for it. Because Barack Hussein Obama hates capitalism, he specifically wrote into the stimulus / bailout bill that wall street could pay their typical bonuses with the bailout money. This allowed Barack Hussein Obama to pretend outrage at the wall street financial institutions actions. Which was perfect for Barack Hussein Obama who now has very visible ammunition to continue with his campaign against capitalism, and the destruction of America.

How can I possible say that Barack Hussein Obama is a fraud and a hypocrite?

Easy.

When Barack Hussein Obama loaned Government Motors money, he forced the leader to resign, and forced the company to do what nobody in the company wanted to do, build green cars.

What did Barack Hussein Obama do when wall street financial wizards wanted to borrow money? He not only gave them money, but he wrote into the bailout bill that the financial wizards could pay themselves their regular bonuses. Nobody has been forced to quit, nobody has been punished for destroying their business and the economy.

Aren't you glad Barack Hussein Obama is looking out for the best interests of the wall street financial wizards at the expense of the American public?

U.S. Government Says Banks Don't Charge High Enough Fees.

http://online.wsj.com/article/SB126322918488724799.html?mod=rss_Today%27s_Most_Popular
Banks Brace for Bailout Fee

Barack Hussein Obama is upset that people are blaming him for bailing out his friends on wall street. In an effort to prove that he only cares for his wealthy friends, he is forcing banks to raise their fees on all their customers. Naturally, higher fees hurt lower income people more than higher income people.

Some of you faithless readers may be wondering why I think this will happen?

Easy.

Barack Hussein Obama wants to charge banks fees to punish them for following orders of earlier administrations that required them to make home loans to people that can't afford to buy homes.

What do you think happens when a business gets hit with a higher fee or tax? They pass it on to the customer.

After all, if a business can't make what they consider a reasonable amount of profit, they fire all the employees and close the business. Which means that if his proposed bill passes, we all get to enjoy higher bank fees, or we all get to watch more banks close their doors.

Avoid The Rush. Have Your Bank Fail Now.

http://www.reuters.com/article/idUSN08445320100109?type=marketsNews
UPDATE 1-Horizon Bank first U.S. bank failure of 2010

3 banks failed in 2007.

25 banks failed in 2008.

140 banks failed in 2009.

FDIC Chairman Sheila Bair believes that we can do better. She believes that even more banks will fail in 2010 than ever before. She believes that more than $100 billion will be spent saving banks between now and and 2013.

What gives FDIC Chairman Sheila Bair the confidence to make these kinds of projections? How can she be sure that more banks will fail in 2010 than in 2009? It certainly can't be because Barack Hussein Obama claims to have saved the economy in 2009? So what else could she be thinking of when she expects increasing numbers of banks to fail in the future?

Barack Hussein Obama Tells Small Banks NOT To Loan To Anyone.

http://www.latimes.com/business/la-fi-obama-bankers23-2009dec23,0,5054368.story
Obama urges community bankers to step up lending

Barack Hussein Obama recently held a meeting with banks that are too small to care about (as opposed to the too big to fail banks which got bailed out), and asked the small banks to increase their lending.

Fortunately, everybody at the meeting knew Barack Hussein Obama really didn't want this to happen, as it would have a beneficial effect on the economy. And fortunately, banking regulators have changed the rules under which banks operate, which prevent any existing banks from lending to anyone for the foreseeable future. The rules changes require that all banks need larger reserves on hand. It is not possible to increase bank reserves by loaning out the reserves. Unlike the federal government which can simply lie about what they are doing, banks are held to a higher level of honesty. Unlike the federal government which can print money when they run short, small banks are not allowed to do that.

So there you have it. Barack Hussein Obama asking bankers to make new loans that the new federal regulations prevent them from doing. Is it any wonder that the economy is not improving?

140 Bank Failures This Year. F.D.I.C. Is Hoping For More Bank Failures Next Year.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7lu37u8FA0E&pos=7
Seven U.S. Banks Are Seized, Raising Year’s Failure Toll to 140

In keeping with their policy to keep the public uninformed about what they are doing, the F.D.I.C. on late Friday, quietly took over 7 more banks in 6 states. This brings to 140 banks that have failed since Barack Hussein Obama saved the economy by ignoring businesses that are too small to care about and by ignoring lost jobs in the private sector.

But don't worry about the increasing number of bank failures that have occured after Barack Hussein Obama saved the economy. All those banks don't matter. In fact, there are lots more banks that don't matter, and thus are expected to fail in the coming year. In preparation of the expected larger number of upcoming bank failures, the F.D.I.C. is increasing their budget by more than 50%.

Aren't you glad that Barack Hussein Obama saved the economy without saving jobs or businesses? Aren't you looking forward to the destruction of more business and more job losses while the economy improves?

Obama Supports Banking misfeasance and malfeasance.

http://www.reuters.com/article/idUSTRE5B92U520091214
Obama to take bankers to task over lending, reforms

Barack Hussein Obama, the man who never jumps to conclusions when ill informed (unless there is a black man and a white man-and Barack Hussein Obama always takes the black man's side), is not jumping to conclusions when he gets ready to address the banking cartel for doing what legislation requires of them.

Keep in mind that the bailout / stimulus bill specifically included text stating that the bailed out firms could pay their regular bonuses.

Keep in mind that while Barack Hussein Obama lied to the public and claimed that the banks would start lending to small businesses and individuals, that was never written into the bailout / stimulus bill.

Keep in mind that having decided that these institutions were too big to fail, and keep in mind that there was no finding of wrong doing on the part of these institutions, then why should we expect these institutions to do anything other than what they have been doing already.

Keep in mind that the bailout / stimulus bill was so important, they couldn't bother with having any governmental oversight for any of the funds to be disbursed.

So is it any surprise that banks paid bonuses to executives and didn't use the money they received for lending?

Additional Bank Failures Prove Economy Is Improving

http://online.wsj.com/article/SB10001424052748704201404574590451333082762.html
FDIC Seizes Three Banks

Three more banks failed on Friday. This brings the total to 133. This year. So there is still time for a few more failures before the end of this year.

Barack Hussein Obama has previously told us he saved the economy with his stimulus and bail out plans.

So does this mean that three more bank failures on Friday are proof that the economy is still recovering?

I wouldn't worry. Since these banks were not too big to fail, they must be too small to care about. After all, everybody except Barack Hussein Obama (and his minions) knows that most of the jobs in this country were created by small business. So letting small banks that cater to small business fail must be good for the economy.

Bank and Business

http://online.wsj.com/article/BT-CO-20091113-715557.html
UPDATE: Some Retailers Could Follow Wal-Mart's Credit Program

Since the banks have been given large amount of money to loan out to businesses, they have been doing a great job. Of not loaning out any money to anyone. It is good to know that the stimulus and bail out legislation was written so clearly and forcefully that no possible problems could happen.

Now, many more businesses have the option of failing, just like the rest of the big companies. Unfortunately, there are still some business that are not under the thumb of the federal government. Yet. Some of them have decided to do what the banks have decided not to do. Loan money to smaller businesses. That way their suppliers can continue in business and supply them with product to sell. How unamerican!

Not to worry. As long as any business is profitable, there will be a government agency to create additional taxes for them, to help bail out the business that are not interested in making a profit.

Bank Bailout and Reform are Working

http://www.thestreet.com/story/10626826/1/two-banks-one-thrift-fail-friday.html?cm_ven=GOOGLEN
Two Banks, One Thrift Fail Friday

The bailout and stimulus plan seems to be doing something. However, I was under the impression the plan was to fix the problems and prevent future bank failures. I guess I was mistaken. The stimulus and bail out plans seem to have been created to allow the too big to fail banks to pay out their annual salaries and bonuses to the executives who caused this mess in the first place.

Aren't you glad to know that the president and congress and senate are doing their best to keep this economy running smoothly.