Ed Driscoll.com Ed Driscoll.com
Feds Become Largest Shareholder In Bank Of America
By Ed Driscoll · January 16, 2009 10:50 AM · Capitalism, the Unknown Ideal · Oh, That Liberal Media!

Currently up on the Drudge Report is the headline, "BANK OWNED BY AMERICA; FEDS BECOME LARGEST SHAREHOLDER."

Talk about burying the lede--Drudge's headline is real story of this article from the New York Times' spinoff the International Herald Tribune. Which is why, naturally, it's buried five paragraphs in.

But as Frank Martin wrote last month:

This is how it ends. As of right now, the Senate IS the banking system. You just try prying the banking system from the hands of the Senate now. You want a loan? Sure, lets just check your voting record, lets see what kind of car you want to buy, oh darn its not a certified government "greenmobile", well sorry Mr. Consumer, we cant give you a loan for that new Toyota Dual Axle truck for your ranch, but how about a new Chevy Cobalt Hybrid? Sure thing. Sign right here Mr. Consumer.

SNAP! That's just how easy it is for you to find that you no longer have any economic choices. No banks - then no bank loans. No bank loans - then no economy. In point of fact, your entire economy is now run by just 100 people. 100 people that if most of us were in an elevator and any one of them got on, we would then get off and walk up the rest of the building rather than risk our well being by exposed to their close proximity.

Or as I asked last month:


And for some other video looks on how we got here, click here and here.

Update: Am I blue? You'll be, too:

Wall Street Journal's Environmental Capital Blog mentions a new buzz word in energy policy discussions--blue jobs--jobs associated with oil and natural gas industries. The industry is pushing to keep the oil and natural gas energy relevant in America's discussion of energy policy to force policy makers to keep them in mind in the formulating of new policies and programs. The gas lobby wants to keep "blue jobs" in demand, jobs that total 5.8 million nationwide--in both direct and (sometimes very) indirect jobs that the gas lobby says are dependent on natural-gas related activities.
In today's "POR economy" (centrally planned to perfection and/or perdition by the bluest of the Blue Staters, Pelosi, Obama, and Reid) aren't all jobs blue jobs?



Since 2002, News, Technology and Pop Culture, 24 Hours a Day, Live and in Stereo!

(And every Saturday on Sirius XM Satellite Radio.)

What They're Saying

"In the vein of Instapundit"— Uncorrelated


Navigation
Weblog
Ed TV
Podcasts
Twitter Feed
Articles
Essays
Interviews
Links
About Me
FAQ
Photos

Home

Support the Site

Search

Archives
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004
September 2004
August 2004
July 2004
June 2004
May 2004
April 2004
March 2004
February 2004
January 2004
December 2003
November 2003
October 2003
September 2003
August 2003
July 2003
June 2003
May 2003
April 2003
March 2003
February 2003
January 2003
December 2002
November 2002
October 2002
September 2002
August 2002
July 2002
June 2002
May 2002
April 2002
March 2002

Etcetera


Bookmark Me!

Blogroll Me!

Steal This Button!

Syndicate this site (XML)
Podcasts Feed

AddThis Feed Button

AddThis Social Bookmark Button

youtube_logo.gif

Our Podcasts' Apple iTunes Page

Powered by
Movable Type 3.35

Site design by
Sekimori

Copyright © 2002-2008 Edward B. Driscoll, Jr. All Rights Reserved