Drudge Retort: Red Meat for Yellow Dogs
Saturday, September 20, 2008

Ameribank was shut down Friday, becoming the 12th bank this year to fail, after the West Virginia-based bank backed too many bad home loans. The FDIC was named receiver and announced that it entered into purchase and assumption agreements with three banks to take over all of its deposits.

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I wonder if McCain finds this all nostalgic.

See: Keating 5

Way to go, bushie!
Maybe you can have the employees stand by for a photo-op, and put up a "Mission Accomplished" sign for ya?

tis only the beginning

12. Wow. Don't we have something like 8 in a normal year? And over a thousand in 1992?


And over a thousand in 1992?
~RiR


Who was the Arizona Senator who was criticized by the Senate in '91 for having exercised "poor judgment" in the Savings & Loan debacle.

Mc something wasn't it.

Could be. And who's the Senator today, who's been the recipient of so much Fannie and Freddie dollars?

Considering Barack's so smart, why didn't he see this crisis coming, and head it off? After all, he was friendly enough with the people who've now got us on the hook for over a trillion dollars. Maybe he was busy doing more important things, like planning Mount Olympus-style stages in Denver, or causing the planet to heal itself, and the waters ceasing to rise . . .


Could be.
~RIR


LOL

Mc"Poor judgment"


like planning Mount Olympus-style stages in Denver,

I find it funny that people seem to gravitate towards this as if it's something he should be ashamed of.

What that behind George W?

He shouldn't be ashamed of it. In fact, it's illustrative for where Obama's talents lay. He should go into the movie business. Or maybe be the stage designer for one of those boy bands.


What that behind George W?

And over a thousand in 1992?

Another competition between Herbie and Dubya. Just what we need...

How many of the 87 bank lobbyists that are running McSame's campaign will have toi give up their Bentley's now? Such a pity.

Does anyone know if it's worth buying dirt cheap stock in any of these banks?
My bank WAMU has seen its stock go from an average of $40 plus a share to now down about $2 plus a share. WAMU's credit status was declared "junk bond" status last week

If one were to buy, say, 1000 shares now at $2 plus per share, do you think the bank will eventually come back up to the higher $40 plus a share range again? If the feds come in and put it in receivership, are the stocks then worth $0?

The cost is so low now it there was any chance of it rising again to what it was before you could buy 1000 shares for $2000 and if it went back up to $40 a share you would have made $40,000 -- a nice $38,000 profit.

Glenn Beck and Ron Paul vid:
As always Ron Paul is right on the money
(Sorry, couldn't resist the pun)

morris108.wordpress.com

I keep my money (checking and savings) in Woodforest National Bank because I get Free on-line banking, checking, etc, and most importantly IT IS LOCATED INSIDE WALMART. Eat your hearts out libs!

Financial Wonderkind Thom thinks that free on line banking is something unique and special just for him.

It is too bad they cannot afford a real office though.

Do they give you S&H greenstamps too?

No, Jimmy,

The most important part is that it's inside WalMart.

Thom never has to go anywhere else for anything. He can buy groceries, drugs,furniture, beer, underwear, eyeglasses, fishing lures all under one roof. he never has to support the local business community at all.


He's as excited about WalMart as the the Muscovites were about G.U.M in the good old days of the USSR.

FWTHOM- Woodforest national bank? In Texas? This explains a lot why you're so "hardup" for Bush. And probably the only "bush" you could get hardup for. So Thom is a good ole boy. Thom, are you a Steer or Queer. "I don't no horns on you boy so you must be a.....

It's becoming clear.

Now we know what FW stands for.

"Eat your hearts out libs!"

"Eat your heart out" is a phrase used when the person stating it has something the listener (or reader) doesn't have, like: "I have a Mercedes-Benz and you don't! Eat your heart out!"

How does having an account in a bank at WalMart, which anyone can have, justify "Eat your hearts out"?

"Now we know what FW stands for."

LOL!

How does having an account in a bank at WalMart, which anyone can have, justify "Eat your hearts out"?

#19 | Posted by truthsetyoufree at 2008-09-20 09:37 PM | Reply | Flag:

He got a free bb gun and you didn't.

Whats the big deal ?

In the words of Vice President Dick Cheney :

"Deficits don't matter... Ronald Reagan proved that"


So put John McCain and these Republicans Mother Fuckers in office again assholes.

and most importantly IT IS LOCATED INSIDE WALMART. Eat your hearts out libs!


Sounds like Mcsame ain't the only chinese lackie on the right.

I just wonder if FW helped kill POWs too?

This thread just screams out fer one of THESE.

There. That's better.

Be Well.

One of my goals in life is to do all my banking and shopping at Wal Mart or Sam's Club. I get my gas there too. Even if it costs more I would shop there BECAUSE I KNOW LIBS HATE WALMART!

CC, on you post #11 I find troubling. Current WM is
4.25 if you jumped in for 1000 you could be in a
slaughter in a matter of hours. Anything long with
them with current situation is total risk. If you
want to play in this game suggest ETF's in the
financial sector like IYF/IYG/XLF/VFH. I used SKF
on the down slide and XLF on the up. Diversify
holdings even within sectors Reguardless.

One of my goals in life is to do all my banking and shopping at Wal Mart or Sam's Club.

Wow, those are lofty expectations. Sure you're up to it? I mean, what if a Tractor Supply Co. is just calling your name? I don't know if I could do it.


One of my goals in life is to do all my banking and shopping at Wal Mart or Sam's Club.

Wow, those are lofty expectations.


He means most everything.

His used Double wide and pickup truck on blocks for the front 'yard' aren't available in Wall Mart surprisingly not even in Louisiana.

On my camping trips I always park my motorhome in the various Wal Mart parking lots for FREE. If enough people do that, we can drive some of those camp grounds out of business so Wal Mart can have room to build more of their beautiful stores.

I hope you get towed. They charge at camp grounds so the state or fed govt can hire rangers and foresters to manage the wilderness and wildlife. You are an incredibly stupid man. If you want to shop at Wal-mart be my guest. I personally prefer target as I feel their quality to be a tad higher, but buy Chinese junk all day if you want.

The congress should forget about the massive bailout planned this week. Here is why and it makes a lot more sense.


www.democraticunderground.com

Wow, didn't realize that there was banking in West Virginia. I thought that they just bartered pigs, coal, and child brides.

They are now reporting that FOREIGN BANKS will qualify for taxpayer bailout.

NO.
NO.
NO.
NO.
NO.
NO.

West Virginia is one of this countries worst examples of predatory Capitalism destroying peoples lives.

Barren mountaintops everywhere.

Whole towns buried in mine tailings when mountaintop removal and heavy rains produce floods of toxic mud.

Elementary schools, where every child has asthma frommine dust and live behind a levee. The mine and Government refuse to move or shut down one or the other and the people aretoo poor to move.

Come on suckers, pony up that three grand now!

Don't blame me, I voted Badnarik.

Fools.

nutsack,

You should go to WV and help these poor peole. DO somethig, don't just talk about it.

"DO somethig(sic)"

I'll loan you an "n" for $3,333.33, sucker.

Nice to see the spelling Nazis are out this morning.

Cabo Vacuuo, defending ignorance, stupidity and illiteracy for all.

"Wow, didn't realize that there was banking in West Virginia. I thought that they just bartered pigs, coal, and child brides." - NJ

Nope. Not anymore. Today it's lottery tickets and weed.

Dip sh!t dr left chime in about a small bank failure with no idea whatsoever about banking, nor the normal rate of bank failures, much less the cause.

You know NOTHING about banking and can shove your stupid opinions up your rear. IDIOTS

ANYBODY care to challenge me????

ANYBODY care to challenge me????

~Dave the Wage Slave

Naw, ...yer already mentally challenged.

It just wouldn't be fair.

^_^

Be Well.

Whatever dude, you obviously aren't up to it!

A 100 million dollar bank goes belly up so what? Do you know how irrelevant that is? If you ignorant haters are going to assign blame to GW, then you'd have to admit that over the past 8 years the US has had it's LOWEST failure rate of all time?

But go on hating, your stupidity is shining through...

DavetheBrain- Give the failure rate time my friend. You obviously don't have a clue what you're talking about. And go back to you're history books and read up on the Bush Mafia that has lined their own pockets at our YOUR benefit,but since your stupidity is shining thru, Im not surprised. And lose the "dude". Makes you sound even more stupid.

tis only the beginning

#3 | Posted by truthhurts

i went cash friday after the run up. i will hold Wachovia to see if there is any additional run up then sell it off before the OCT2 expiry on short selling.

CABO VATO can spell anyway he wants to as far as I'm concerned. There is never any doubt about his meaning though because he is, after all THE MAN!

CABO VATO can spell anyway he wants to as far as I'm concerned. There is never any doubt about his meaning though because he is, after all THE MAN!

#46 | Posted by fwthom at 2008-09-21 09:23 PM | Reply | Flag: Man Crush

Not that there's anything wrong with that. It's probably that they discovered their mutual love of Tom of Finland crushed velvet paintings.

I repeat and call out all you pathetic dr left haters who have blamed this on GW how clueless you ARE!!! "Give it time Redsox", oh heavy statement there. Many know the bad bank list has gone up to 115. Add that into the past 8 years and failure rates are still at VERY low levels.

You are ignorant dipsh!ts, and that A FACT! I CHALLENGE you ass w!pes to compare the number of commercial bank and thrift failures under GW to any other 8 year period in the last 1/2 century. And then I want you to tell us why this bank is important...

OMG Do you mean there were less bank failures under GW the say Bill Clinton? How can that BE????
The funniest part of this failure, is that you can make a case that a bank with only 115 million in assets has any significance whatsoever

People in West Virginia are all gun-toting, racist, inbred, uneducated hillbillies who get what they deserve.

Knowstoo,


You are full of shit!

How could you overlook "toothless" as an adjective in your last post???

You clearly have no clue as to what you are talking about!

Not true -- many people from West Virginia have several teeth, so they're not actually "toothless." Perhaps "tooth-deprived" or "currently experiencing a tooth deficit" would be more accurate.

Has anyone investigated the cost of funding a "tooth bailout" to the people of WV? Maybe there's not enough money in the world for that. Fortunately, "moonshine goggles" makes even your completely toothless cousin look hot.

Ich ben ein West Virginaier! Show your solidarity by getting the Incest or Sole Survivor model.

www.drbukk.com

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