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Here is yet another indication of his brilliance:

House Financial Services Committee chairman Barney Frank agreed that officials believed at the time that the good times would last and that bank failures would not be a problem.”

That is in reference to 95% of banks not paying into the FDIC insurance fund between 1996 and 2006 (yet again, see what Administration this “deregulation” started under. In other words, since the financial sector is booming, we have paid in enough insurance premiums. That is sorta like arguing that since Fort Knox has never been robbed, we no longer need the security guards there. Brilliant, just brilliant. And people want these guys to run our health care system. “Mike has been healthy since he was 21, so he can stop paying into the federal single payer insurance pool now …”

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