Failed Banks May Get Pension-Fund Backing as FDIC Seeks Cash

webrockk

Former Staff
Nov 2009
30,474
11,091
on the river
[quote name='michaelr' date='08 March 2010 - 02:35 PM' timestamp='1268076910' post='126456']

Failed Banks May Get Pension-Fund Backing as FDIC Seeks Cash

These people do not own your retirement people, you do.

[/quote]



No, you only think you do...when investors, be they in the private sector or government, risk pensions in the market trying to fund unfunded (unfundable) liability, all the while padding the pockets of administrators, disaster is only an epic fail away. We are smack dab in the middle of one that makes Enron look like childsplay, and any talk coming out of Washington lessening or denying it, is merely disingenuous attempts to delay the torches and pitchforks.



Welcome to America. Home of the collateralized, Land of the enslaved.
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
[quote name='webrockk' date='08 March 2010 - 12:16 PM' timestamp='1268079407' post='126499']

No, you only think you do...when investors, be they in the private sector or government, risk pensions in the market trying to fund unfunded (unfundable) liability, all the while padding the pockets of administrators, disaster is only an epic fail away. We are smack dab in the middle of one that makes Enron look like childsplay, and any talk coming out of Washington lessening or denying it, is merely disingenuous attempts to delay the torches and pitchforks.



Welcome to America. Home of the collateralized, Land of the enslaved.

[/quote]

No shit, have you seen the new land grab from the peace president, over Grouse. I doubt very much that the government cares to bit for wild chickens. It is incidentally oil rich land.



The banks believe that your deposits belong to them, and that is a problem for all.
 

webrockk

Former Staff
Nov 2009
30,474
11,091
on the river
[quote name='michaelr' date='08 March 2010 - 03:50 PM' timestamp='1268081423' post='126527']

No shit, have you seen the new land grab from the peace president, over Grouse. I doubt very much that the government cares to bit for wild chickens. It is incidentally oil rich land.



The banks believe that your deposits belong to them, and that is a problem for all.

[/quote]





Yes, another land grab under the auspice of hugging trees at the potential detriment to energy independence. Disingenuous at best, continuation of a grand, insidious agenda at worst.



http://commonsensewo...-land-grab.html



Federal / state owned land encompass almost 1 billion out of Americas 2.3 billion acres...right at half.



The noose tightens.