So far this year the FDIC (a New Deal invention) has closed 54 banks. 7 in Florida and 16 in Georgia, for a total of 23 or 42.6% of all the banks that have failed this year. TWO states -- 42.6% of all the bank failures.
TWO states who are among the REDDEST of the RED (in the USA RED STATES are REPUBLICAN -- we get all sorts of things bacwards), the most "conservative" around.
Those "Conservatives" HATE "unfair" "entitlements". All in all, they hate all that's left of The New Deal -- especially if it gives ANYTHING to black or brown people (no matter how deserving) -- BUT -- they LOVE the Federal Deposit Insurance Corporation (FDIC) because it preserves THEIR savings!
(I suspect they also love THEIR Social Security and THEIR Medicare. An insane percentage who have Medicare and Social Security also claim THEY get NOTHING from The Federal Government - so, I guess they are a bit unclear about things. Let's wish them luck, okay?)
This is the End and a New Beginning
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I've been thinking about this for some time.
After 21 years of writing this blog almost daily, I've decided to stop
writing the daily updates on the blog.
...
2 days ago
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