Daily Archives: September 17, 2008

All that is solid melts…

My thoughts exactly…

Daily Kos: State of the Nation
Now that the People own a major insurance company, it’s fair to ask how the People’s Insurance Company, along with the People’s Mortgage Companies and the People’s Investment Banks, will benefit the People who Own them. Can we expect lower premiums, equity sharing, and corporate perks for our hundreds of billions of dollars?

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Filed under economics, humor, macroeconomics, Political Economy, Politics, Power, Activism

FDIC does not publish its problem bank list

15 minutes of web searching for this mythical list of problme banks leads me to learn that the FDIC does not publiish the list.

Of course not.  It might cause people to worry about their deposits!  So, we have to protected from our own self-interest.

It is always the most critical information that is hidden.  One site did say I could pay for bank quality/soundness information.  Lovely, that won’t exacerbate inequality in America or anything.

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Filed under Banking, economics