Posts Tagged ‘ FDIC ’

Bankster’s Cartel: Licensed to Steal

Nov 3rd, 2009 | By | Category: Featured, Morning Whiskey
If this isn’t a BO-HICA moment, I don’t know what is. (Bend-over; here it comes again). Friday, October 30, nine (9!) banks failed and were taken-over by the FDIC. That brought the total bank failures to 115 so far in 2009. This number of failures hasn’t been exceeded since 1992 AND ...read more

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Posted in Featured, Morning Whiskey | 5 comments


FDIC Fosters Moral Hazard Among Banks

Jul 10th, 2009 | By | Category: Featured, Personal Investing
What am I missing? Why do the majority of folks blindly accept the shenanigans of the federal government? Why is it advisable to bail out the failures and penalize the productive? Isn’t there a moral hazard lurking somewhere in this mix? In a recent editorial, Peter Schiff reminded me of what ...read more

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Posted in Featured, Personal Investing | 9 comments


IndyMac’s Collapse

Jul 18th, 2008 | By | Category: Currencies, Gold
After 25 years of booming asset markets, it’s getting hard to keep hold of your money, let alone grow it. Inflation is destroying fixed-income bonds. Stocks have tipped into a bear market, down more than one-fifth worldwide. Real estate suffers both over-supply and an historic shortage (too many units vs. no ...read more

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Posted in Currencies, Gold | 1 Comment »