bloggingformoney
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Before we discuss the situation with banks, let us consider how we’ve gotten to the point for banks to fail.
For the past year, I’ve been telling you that, by design, the economy is heading for a collapse.  Our President is telling us that he is trying to make things better but, in actuality, he is doing the opposite.
  • Our President makes sure that the gas prices go up, just like he said we would. His goal is $6 a gallon so he can push non-fossil energy down our throats.
  • New Home Mortgages are still low and many people are still losing their homes, even though our President puts on a good show that he is doing what he can to help people.
  • The spending spree of Democrats and our President cause the U.S. credit rating to lower and puts us on the verge of compromised standing around the world.
  • Our President constantly undermines the Constitution.
  • Our President federalized the banking institution and the automotive industry.
  • Our President has allowed our enemies to entry this country, who want to do us grave harm, by not protecting our borders along Mexico.
  • Our President has our own military (who are in Libya) under the command of foreign nations. That is never supposed to happen under the Constitution.
  • Our President has created huge division among the people by propagating racism and hatred between the working class and the rich. America has come a long way in bridging the gap of race and the classes. By design, since Obama became President, this divisiveness has become a huge wedge in our society. A divided society is easier to control and manipulate than one that’s united with each other.
It’s darn well time that we Americans WAKE UP to this administration’s divisive tools and recognize that “The Plan” is to divide and conquer.
Turning Afro-Americans and Latinos away from the Republican Party with claims of racism, is a tool these rotten-to-the-core politicians use to move forward their plans.
The plan is to CHANGE America by doing away with the Constitution and Capitalism. Talk to any Liberal and they will tell you that this is their plan for America.
Now we have the Left telling union people to not pay their mortgages and try to force banks into insolvency.
Just listen to what Steve Lerner suggests to a room full of union workers, which I am posting again from an article I wrote on 3/23/2011 about pushing banks into insolvency.

 

For proof that this is a bad idea, read a clip from an article below in the Washington Times.

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system.

The unclassified 2009 report “Economic Warfare: Risks and Responses” by financial analyst Kevin D. Freeman, a copy of which was obtained by The Washington Times, states that “a three-phased attack was planned and is in the process against the United States economy.”

While economic analysts and a final report from the federal government’s Inquiry Commission blame the crash on such economic factors as high-risk mortgage lending practices and poor federal regulation and supervision, the Pentagon contractor adds a new element: “outside forces,” a factor the commission did not examine.

“There is sufficient justification to question whether outside forces triggered, capitalized upon or magnified the economic difficulties of 2008,” the report says, explaining that those domestic economic factors would have caused a “normal downturn” but not the “near collapse” of the global economic system that took place.

If you or you have friends in unions, please pass on this information. Help them see that it is not them that is being targeted, that they are part of a global plan, and that fighting for what they perceive as their jobs and their rights is more about being used to  complete a goal by radicals than it is to protect their rights.

I just ask that you look deeper into what is going on with the unions and try to see their true motives–even if it sounds unbelievable to you. Look at the leadership and see who is behind them. Below are links to videos I’ve posted before. Please pass along this information to everyone you know. If you believe in overthrowing America, then maybe you should question your motives.

It is treason to knowingly do things against the United States and work towards it’s downfall. So, if you think you are being a patriot, consider how you are going about to get what you want without committing treason and the goals of those with whom you are associated.

What key words do they use that gives away their true goal? What will be the end result if they get what they want?

http://canwebelieveit.info/?s=communism takes you to links of posts I’ve done about the overthrow of America and our way of life. I hope you read all three pages of articles but if not, please use the links below to see the videos I want you to see the most.

5 banks fail in Fla., Ga., Mich.; makes 39 in ’11

– Fri Apr 29, 7:57 pm ET

WASHINGTON – Regulators on Friday shut down banks in Florida, Georgia and Michigan, a total of five closures that lifted the number of U.S. bank failures this year to 39.

The pace of closures has slowed, however, as the economy improves and banks work their way through piles of bad debt. By this time last year, regulators had closed 64 banks.

The Federal Deposit Insurance Corp. seized First National Bank of Central Florida, based in Winter Park, Fla., with $352 million in assets, and Cortez Community Bank of Brooksville, Fla., with $70.9 million in assets.

The agency also took over First Choice Community Bank of Dallas, Ga., with $308.5 million in assets; Park Avenue Bank, based in Valdosta, Ga., with $953.3 million in assets; and Community Central Bank in Mount Clemens, Mich., with $476.3 million in assets.

Miami-based Premier American Bank agreed to assume the assets and deposits of First National Bank of Central Florida and Cortez Community Bank. Bank of the Ozarks, based in Little Rock, Ark., is acquiring the assets and deposits of First Choice Community Bank and Park Avenue Bank. Talmer Bank & Trust, based in Troy, Mich., agreed to assume the assets and deposits of Community Central Bank.

In addition, the FDIC and Premier American Bank agreed to share losses on $270 million of First National Bank of Central Florida’s loans and other assets, and on $51.3 million of Cortez Community Bank’s assets.

The agency and Bank of the Ozarks are sharing losses on $260.7 million of First Choice Community Bank’s assets and $514.1 million of Park Avenue Bank’s assets. Talmer Bank & Trust is sharing with the FDIC $362.4 million of Community Central Bank’s assets.

The failure of First National Bank of Central Florida is expected to cost the deposit insurance fund $42.9 million. The failure of Cortez Community Bank is expected to cost $18.6 million; that of First Choice Community Bank $92.4 million; Park Avenue Bank, $306.1 million; and Community Central Bank, $183.2 million.

Florida and Georgia have been the hardest-hit states for bank failures. Twenty-nine banks were shuttered in Florida last year and 16 in Georgia. The four shutdowns in those states on Friday brought to four and 10 the number of bank failures in Florida and Georgia, respectively this year.

California and Illinois also have seen large numbers of bank failures.

In 2010, authorities seized 157 banks that succumbed to mounting soured loans and the hobbled economy. It was the most in a year since the savings-and-loan crisis two decades ago.

The FDIC has said that 2010 likely would mark the peak for bank failures.

There were 140 bank failures in 2009, costing the insurance fund about $36 billion. The failures last year cost around $21 billion, a lower price tag because the banks that failed in 2010 were smaller on average. Twenty-five banks failed in 2008, the year the financial crisis struck with force; only three were closed in 2007.

From 2008, the year the financial crisis struck, through 2010, bank failures cost the fund $76.8 billion. The deposit insurance fund fell into the red in 2009, and its deficit stood at $7.4 billion as of Dec. 31.

The FDIC expects the cost of resolving failed banks to total around $52 billion from 2010 through 2014.

Depositors’ money — insured up to $250,000 per account — is not at risk, with the FDIC backed by the government. That insurance cap was made permanent in the financial overhaul law enacted in July.

The number of banks on the FDIC’s confidential “problem” list rose to 884 in the final quarter of last year from 860 three months earlier. The 884 troubled banks is the highest number since 1993, during the savings-and-loan crisis.

WHAT ARE YOU PREPARED TO DO WITH THIS INFORMATION?

Will you share what you know with friends and discuss the points of this article? Do not get into a debate because that creates an unhealthy environment for solutions. Discussions are about “coming together of the minds” or at least gaining an understanding of another point of view.

Debating pits people against each other and perpetuates divisiveness. We want to create togetherness and the spirit of working together to solve our nation’s problems. We need to remember that “Together we stand but divided we fall”

 

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