Filed under: Alabama, bankruptcy, Big Banks, brazil, California, central bank, Congress, Credit Crisis, DEBT, Dollar, Dow, Economic Collapse, economic depression, Economy, FDIC, georgia, global economy, Great Depression, Greenback, hyperinflation, Illegal Immigration, Immigration, indymac, Inflation, Merrill Lynch, Stock Market, US Economy, Wachovia, World Bank | Tags: Federal Deposit Insurance Corp., Integrity Bank of Alpharetta, run on banks
10th Bank Collapse This Year
Bloomberg
August 29, 2008
Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression.
Integrity Bank, with $1.1 billion in assets and $974 million in deposits, was shuttered by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corp. Regions Financial Corp., Alabama’s biggest bank, will assume all deposits from Integrity, which was run by Integrity Bancshares Inc. The failed bank’s five offices will open on Sept. 2 as branches of Regions, the FDIC said.
“Depositors will continue to be insured with Regions Bank so there is no need for customers to change their banking relationship to retain their deposit insurance,’’ the FDIC said.
Banks are being closed at the fastest pace in 14 years as financial companies report more than $505 billion in writedowns and credit losses since 2007. California lender IndyMac Bancorp Inc., which had $32 billion in assets, was closed July 11 in the third-largest bank seizure, contributing to a 14 percent drop in the U.S. deposit insurance fund that had $45.2 billion at the end of the in the second quarter.
FDIC may borrow money from Treasury to see it through an expected wave of bank failures: report
August 27, 2008
Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
The borrowing could be needed to cover short-term cash-flow pressures caused by reimbursing depositors immediately after the failure of a bank, the paper said.
The borrowed money would be repaid once the assets of that failed bank are sold.
“I would not rule out the possibility that at some point we may need to tap into (short-term) lines of credit with the Treasury for working capital, not to cover our losses,” Chairman Sheila Bair said in an interview with the paper.
Bair said such a scenario was unlikely in the “near term.” With a rise in the number of troubled banks, the FDIC’s Deposit Insurance Fund used to repay insured deposits at failed banks has been drained.
In a bid to replenish the $45.2 billion fund, Bair had said on Tuesday that the FDIC will consider a plan in October to raise the premium rates banks pay into the fund, a move that will further squeeze the industry.
The agency also plans to charge banks that engage in risky lending practices significantly higher premiums than other U.S. banks, Bair said.
The last time the FDIC had borrowed funds from the Treasury was at nearly the tail end of the savings-and-loan crisis in the early 1990s after thousands of banks were shuttered.
The fact that the agency is considering the option again, after the collapse of just nine banks this year, illustrates the concern among Washington regulators about the weakness of the U.S. banking system in the wake of the credit crisis, the Journal said.
Bankruptcy Filings Surge 29%
http://www.economicpolicyjournal.com/2008/08/bankruptcy-filings-surge-29.html
FDIC: Bank Profits Fell By 86% In 2nd Quarter
http://seattletimes.nwsource.com/html/busi..webbanks26.html
World Bank: More People In Poverty
http://www.reuters.com/article/worl..=RSS&feedName=worldNews
Dow Falls Another 240 Points
http://news.yahoo.com/s/ap/2..=1;_ylt=ArOpbuqd64sBzkF3Xyx3zOxv24cA
Merrill, Wachovia in Danger of Failing: Strategist
http://www.cnbc.com/id/26262..Cquote%7Ctext%7C&par=yahoo
Large U.S. bank collapse seen ahead
http://www.reuters.com/article/newsOne/idUSSP21695020080819
Deepening economic crisis ‘may trigger family breakdown’
http://www.dailymail.c..onomic-crisis-trigger-family-breakdown.html
Auto industry seeks $50B in loans from Congress
http://money.cnn.com/2008/08/23/news/economy/auto_bailout.ap/index.htm
Living the American dream in Brazil
http://english.aljazeera.net/focus/2008/08/200881884358873790.html
Illegal Immigrants Returning to Mexico in Record Numbers
http://www.foxnews.com/story/0,2933,409221,00.html
FDIC: Highest Level Of Troubled Banks Since 2003
http://news.yahoo.com/s/ap/20..s;_ylt=AiX6b2alma.c4GBC5tc9LJqs0NUE
FDIC Increasing Staff for Expected Increase in Bank Failures
Japan’s Mitsubishi takes over US bank
Filed under: Alabama, Arizona, California, CBS, Delaware, Diebold, election fraud, Fox News, georgia, Massachusetts, new jersey, New York, Oklahoma, princeton, super tuesday, tennessee, utah, vote scam, voter registration
FOX News Exposes Diebold Electronic Vote Flipping
http://www.youtube.com/watch?v=u4FPuLNjvAc
http://www.youtube.com/watch?v=aZws98jw67g
CBS: Little e-voting accountability on Super Tuesday
http://rawstory.com/news/2007/CBS_Little_…per_0203.html
California Republicans Limit Their Primary To Those Registered in Party
http://youdecide08.foxnews.com/2008/02…y-to-those-registered-in-party/
http://www.allheadlinenews.com/articles/7009906426
Filed under: 2008 Election, ADL, Alabama, Bill Maher, CNBC, Coup, Disinformation, Draft, GOP, Hillary Clinton, Iran, Iraq, MSNBC, Neolibs, Ron Paul, Texas, tucker carlson, ww4
Maher: ‘Ron Paul the only sane man at the CNBC debate’
http://www.youtube.com/watch?v=s_7NELg0wR8
The Austin Ron Paul Meetup Group marches for Ron Paul
http://www.youtube.com/watch?v=g_vwd4XSNdc
Video: Ron Paul Straw poll Birmingham
http://mparent7777-2.blogspot.com/…peful-paul-wins-local.html
Ron Paul Stings Hillary Clinton on Iraq War, Warns of Draft
http://usadaily.com/Article.cfm?articleID=122936
More Disinformation about Ron Paul
http://www.lewrockwell.com/blog/lewrw/archives/016102.htmlmore
ADL: Ron Paul an “extremist”
http://freedom4um.com/cgi-bin/readart.cgi?ArtNum=63853&Disp=All
Filed under: 2008 Election, Alabama, CNBC, Diebold, florida, Fox News, Fred Thompson, GOP, John McCain, Mitt Romney, poll, Propaganda, Republican Debate, republican straw poll, Ron Paul, Rudy Giuliani, Sean Hannity, voter fraud
Ron Paul Supporters Prove CNBC’s Ratings Stink
Mark Anderson
Op Ed News
October 13, 2007
After the most recent Republican Party debate on CNBC, the network ran a post-debate poll, which was promptly removed after too many Ron Paul supporters voted. In all seriousness, the explanation for removal is that Ron Paul supporters voted. In other words: CNBC didn’t like the results, so then removed their own poll.
This prompts the question: if poll results are to be discarded because you don’t like the results, then why even run a poll? This almost causes me to wonder if the “scientific” and “legitimate” polls are also designed to achieve a pre-ordained outcome. If a polling company gets something other than a desired result, do they change the results, or throw the poll out altogether?
In the CNBC editor’s explanation, he writes: “Now Paul is a fine gentleman with some substantial backing and, by the way, was a dynamic presence throughout the debate , but I haven’t seen him pull those kind of numbers in any ‘legit’ poll.”
You see? Pursuant to this calculus, all polls must show the same results – which makes them something other than real polls. If there is a disparity between two polls, then the one showing Ron Paul in the lead must be wrong, and then discarded. If, on the other hand, say, Rudy Giuliani had won the poll by a hefty margin, would they have discarded those results as well?
Which prompts the question: if Rudy Giuliani, Mitt Romney, Fred Thompson, and John McCain are the true front-runners, with legions of fans everywhere, why can’t they replicate the same thing Ron Paul supporters are doing? Where are the supporters for the other candidates?
What exactly makes the offline polls so much more scientific? In those polls, the polling companies get to choose the respondents. In online polls, people can choose to respond. Let’s not forget that elections are not conducted the same way polls are. The media and the polling companies do not get to choose who they want to vote.
Ron Paul has dominated virtually every single post-debate poll, causing the media to ignore and conceal the results of their own polls. The media has ignored so many Ron Paul debate poll victories that I have lost count. After Ron Paul does well in a poll, there is always some status quo conspiracy theorist to come along and accuse Ron Paul supporters of “spamming” or “hacking” polls, albeit without offering any evidence.
Many people who have researched this issue more than I have concluded that “spamming” polls isn’t as easy as pretended. For example: polling software will prevent a single Internet Protocol address (i.e., I.P. address, which is unique for every computer) from voting more than once.
Okay. So it is possible to vote a plurality of times in a single poll. Although I have never attempted to vote more than once in any poll, theoretically, I could have pulled off such a feat by voting once on my computer, and then, I suppose, drive to a friend’s house to vote from their computer as well. But so could any other candidate’s supporter do the same thing.
If we are to assume that if Ron Paul does well in a poll, it must have been due to a certain percentage of spam votes, then it would only be fair to assume the same trend for all of the candidates. Do Ron Paul supporters have super-secret poll spamming technology that nobody else knows of? Are only Ron Paul supporters motivated enough to attempt this?
Or, what about Sean Hannity explaining away the results of FOX News’ own poll by saying that Ron Paul supporters were “re-dialing” in text messages? That one was done via cellular phone text messaging, and it was impossible to vote more than once from one cell phone. Well, I suppose I could own more than one cell phone. But then so could any of the other candidate’s supporters. Only Ron Paul supporters “cheat” now? Is that it?
BTW, I only have one cellular phone, as I can barely afford to pay my only cellular phone bill.
If Ron Paul supporters are so technologically savvy, are so willing to cheat, and possess such secretive technology that seems to escape everybody else, then I must say I feel much more re-assured about the future of U.S. elections. We should have no problem stopping Diebold from tampering with the real election results, right?
It shouldn’t be so hard to believe Ron Paul could do well in polls for those who pay careful attention to the news. Albeit, one has to look hard for the news coverage. Ron Paul has been doing very well at straw polls. “Spamming” a straw poll in which the person must show up and vote in the flesh would be a fairly difficult feat to pull off.
When I looked at the results of the CNBC poll which was removed, the first thought that came to my mind was that CNBC may be trying to conceal more than just another Ron Paul victory.
There were just over 7,000 votes cast in their poll. Ron Paul garnered 75% of the vote. This means approximately 5,250 votes were cast for Ron Paul, leaving the other 8 candidates with a combined total of approximately 1,750 votes.
If we are compelled to abide by the mainstream media’s “scientific” curve, then we are allowed to give Ron Paul no more than, say, 2% of the total. This means we can add approximately 36 votes for Ron Paul onto the 1,750, throwing out 5,214 Ron Paul votes. This leaves us with a grand total of 1,786 votes cast on CNBC’s post-debate poll.
What do I see in this? Either a)There was no spamming, in which case Ron Paul supporters outnumber CNBC viewers by far, or b)As CNBC claims, Ron Paul’s total has to match the “scientific” polls, making everything else “spam,” meaning CNBC had only 1,786 viewers who voted in the poll.
From what I can tell, CNBC should be very concerned about its own ratings. The old media is dead. If polls showed that more than .05% of the population watches CNBC, I couldn’t believe it. I would have to discard those poll results. Maybe CNBC is trying to conceal its piss poor ratings.
How else do you explain the supporters of a man garnering “2%” in the “scientific” polls organizing so effectively that they are able to skew poll results of a network television station 3-to-1 in their favor, against 8 other candidates?
Ron Paul on PBS NewsHour with Jim Lehrer – (10/12/2007)
http://www.youtube.com/watch?v=1Ylk69fDO4U
http://www.youtube.com/watch?v=Q1l0e5Q2nGA
Ron Paul in NYC last night
http://www.youtube.com/watch?v=KC0EMgYRW14
Ron Paul Grass-roots Amazes CNN
http://www.youtube.com/watch?v=9vCujXOsFh0
An Open Letter to MSNBC/CNBC
http://www.opednews.com/arti…open_letter_to_ms.htm
A Ron Paul Supporter’s Open Reply to Mr. Wastler’s Open Letter to the Ron Paul Faithful
http://www.americanchronicle.com/articles/viewArticle.asp?articleID=40170
Ron Paul wins Conservative Leadership Conference Straw Poll
http://politicalderby.com/2007/10/13/ron-pa….ip-conference-straw-poll/
Ron Paul Wins Alabama Straw Poll
http://www.al.com/news/birminghamn…8830.xml&coll=2
Ron Paul Signs not allowed in Florida
http://youtube.com/watch?v=cJG3GB4EXag
Letter To “Don De Bats” Concerning Ron Paul
http://prisonplanet.com/articles/october2007/131007Letter.htm
What kind of “journalist” pronounces his own poll void because he doesn’t like the results?
http://members.boardhost.com/libtoday/msg/1192236391.html
Smear Campaign Against Ron Paul Goes Into Overdrive
The International Murdoch Media Smearing Of Ron Paul Begins
CNBC On Why They Pulled Debate Poll
Ron Paul Wins Debate In Another Landslide