Why creating a Bad Asset Repository Fund for Wall Street’s toxic assets could make banking even sicker.
First there was TARP. Get ready for BARF.
They haven’t named it that yet, but calling a federal “bad bank” to soak up toxic assets the Bad Asset Repository Fund would be truth in advertising at least. Despite Washington’s renewed enthusiasm for the idea, there is a strong case to be made against it.
The problem boils down to bank profitability, which is depleted, and the industry’s ability and willingness to lend. Offloading the worst assets into an aggregator fund would still leave banks with loan books under pressure from rising defaults. Banks would still be forced to build reserves at a time when their earnings power is reduced, and that earnings power would only shrink more with a smaller asset base. More HERE
We at ATAW realize conservative capitalists will have a difficult time stomaching BARF and present the official Presidential BARF bag – originally created for the Inauguration and debuted at BlogmeisterUSA, it looks like we’ll have to have a large supply of BARF bags around….
MONTGOMERY, Ala. – For farmers, this stinks: Belching and gaseous cows and hogs could start costing them money if a federal proposal to charge fees for air-polluting animals becomes law.
Farmers so far are turning their noses up at the notion, which is one of several put forward by theafter the ruled in 2007 that emitted by belching and flatulence amounts to .
“This is one of the most ridiculous things the federal government has tried to do,” said Alabama Agriculture Commissioner Ron Sparks, an outspoken opponent of the proposal.
It would require farms or ranches with more than 25 dairy cows, 50 beef cattle or 200 hogs to pay an annual fee of about $175 for each dairy cow, $87.50 per head of beef cattle and $20 for each hog. More HERE
So now the government and the greenie-weenies want to impose a cow-fart tax on farmers. This would put many farmers out of business, but that is ok with this moonbat in the article:
“It makes perfect sense if you are looking for ways to cut down on meat consumption and recoup environmental losses,” said, a spokesman in Washington for .
A voice of reason, US Rep Robert Aderhold, doesn’t think the fart-tax will be taken seriously enough to be adopted, but then again, weirder things have come out of Washington.
Fox News’ Megyn Kelly takes on athiest Michael Newdow. It is my not so humble opinion that if you do not like the Pledge of Allegiance, it is YOU that should leave the classroom. This is the United States of America and this is OUR pledge. The children who wish to “opt out” should be the ones tossed from the classroom during the recitation – not the other way around.
Another reason to homeschool – we say the Pledge.
Six months ago, after the California Supreme Court struck down the state’s ban on same-sex marriage, Chief Justice Ronald George (who voted with the majority) explained to a reporter how he had come to his decision. He said he asked himself, “When is it that a court should act? When is it that a court is shirking its responsibility by not acting, and when is a court overreaching? That’s a real conundrum.”
On November 4, George’s “conundrum” was solved by the six million (and counting) Californians who voted “Yes” on Proposition 8, the California marriage amendment. Despite being outspent, traditional marriage advocates got marriage between one man and one woman written into their state’s constitution, sending a clear message to George and his colleagues that they had indeed overreached.
In the 10 days since that vote, however, bitter activists have also badly overreached — by overstepping any normal standards of ethics and civility in their hateful reactions to democracy in action. Obscene and violent protests have been raging across California and the rest of the country for over a week. Read the rest of Gary Bauer’s article HERE
This teacher should be fired for the way she treated these children. I was suprised, listening to her speak, that she was a teacher at all. Her treatment of the children and the indoctrination aspect of the ordeal regarding her political bias in the classroom is another example of why so many of us homeschool our children.
The Cumberland County School District issued the following statement on their website:
CCS Headline News – Superintendent’s Response to YouTube
I was shocked when I saw the clip of an interaction between a Cumberland County Schools teacher and her students as posted on YouTube. While neutral discussion of the political process is appropriate, at no time, particularly with elementary students, should a teacher infuse his/her political views into the discussion. Most disconcerting was the military slant that made its way into this discussion. We are a military community, serving over 15,000 military students and their families. We value the sacrifices, not only of the military parents but also those of their families. We believe that military children are our children, military spouses are many of our employees, and military service men and women are our heroes. We proudly serve our military children and have received national awards for our support of military families.
I was particularly disturbed to see the uncomfortable position in which our children were placed due to the inappropriate actions of one of our teachers. Please be assured that the actions exhibited in this video are not consistent with the vision of the CCS. Moreover, the actions of one teacher do not represent the 7000 employees in our organization.
Once the video was brought to my attention, I immediately launched an investigation. Personnel laws prevent me from releasing information regarding individual employees and personnel action taken. I can assure you that upon completion of the investigation, I will take appropriate action.
Dr. William Harrison
Call Dr. Harrison at 910.678.2300. More contact information is HERE
Nation of Islam leader Louis Farrakhan, another powerful Chicago-based political figure associated with the Rev. Jeremiah Wright and other long-time associates of Democratic Party presidential candidate Barack Obama is leaving no doubt about what he thinks of the leader in the campaign for the White House.
He says when Obama talks “the Messiah is absolutely speaking.” More from WorldNetDaily
Note to Farrakhan – there is only ONE Messiah and Obama isn’t Him…
It seems that women’s magazine editor Cynthia Good has too much time on her hands….
Work” or “Men Working Ahead.”
Sometimes, the signs stood next to women working alongside the men.
Good demanded Atlanta officials remove the signs and last week, Atlanta Public Works Commissioner Joe Basista agreed.
Score one for gender equality, Good said Wednesday.
“They get it,” Good said about the city in a telephone interview.
Public Works officials are replacing 50 “Men Working” with signs that say “Workers Ahead.” It will cost $22 to cover over some of the old signs and $144 to buy new signs, said Public Works spokeswoman Valerie Bell-Smith said.
Good, founding editor of Atlanta-based PINK Magazine, a publication that focuses on professional women, said she’s not stopping with Atlanta. From AJC.com
This is stupid and a waste of tax payer money. However, a commenter of the AJC.com website has the perfect – and possibly most truthful – suggestion as a replacement for “Men at Work” – “Lazy people leaniing on shovels ahead”……… One thing I can say for Good, she managed to get free publicity for herself and her magazine. Or was that her intention all along?
Remember Dallas County (Texas) Commissioner, Commissioner John Wiley Price, who thought the scientific term “black hole” was “racist? Fox News is reporting Price also thinks the terms “angel food cake” and “devils food cake” are racist also. Why? Angel food cake is white, devils food cake is black. He also thinks the term “black sheep” is racist. Next thing you know, he’ll be after Crayola for putting the black crayon on the back row of the box.
Who’s the racist? It seems Price is a bit wrapped up in it. Anyone who sees racism in the names of cakes has serious issues…. (source – Fox News)
A special meeting about Dallas County traffic tickets turned tense and bizarre this afternoon.
County commissioners were discussing problems with the central collections office that is used to process traffic ticket payments and handle other paperwork normally done by the JP Courts.
Commissioner Kenneth Mayfield, who is white, said it seemed that central collections “has become a black hole” because paperwork reportedly has become lost in the office.
Commissioner John Wiley Price, who is black, interrupted him with a loud “Excuse me!” He then corrected his colleague, saying the office has become a “white hole.”
That prompted Judge Thomas Jones, who is black, to demand an apology from Mayfield for his racially insensitive analogy.
Mayfield shot back that it was a figure of speech and a science term. A black hole, according to Webster’s, is perhaps “the invisible remains of a collapsed star, with an intense gravitational field from which neither light nor matter can escape.”
Other county officials quickly interceded to break it up and get the meeting back on track. TV news cameras were rolling, after all. From the Dallas News City Hall Blog
Dallas County — your tax dollars at work.
I have to add Rush’s comments:
RUSH: Do you remember, time flies here, but a number of years ago in Washington, DC, at the city council, whatever they call it there, there was an uproar during a meeting because somebody used the word niggardly to describe the spending habits of the town council. The race industry in this country blew up and this guy got fired! Now, if you look up niggardly, it means miserly. It means you’re a tightwad. But niggardly was eradicated from the language.
Now, from Dallas: “A special meeting about Dallas County traffic tickets turned tense and bizarre this afternoon. County commissioners were discussing problems with the central collections office that is used to process traffic ticket payments and handle other paperwork normally done by the JP Courts. Commissioner Kenneth Mayfield, who is white, said it seemed that central collections ‘has become a black hole’ because paperwork reportedly has become lost in the office. Commissioner John Wiley Price, who is black, interrupted him with a loud ‘Excuse me!’ He then corrected his colleague, saying the office has become a ‘white hole.’ That prompted Judge Thomas Jones, who is black, to demand an apology from Mayfield for his racially insensitive analogy.” This is just amazing. Do you know what a black hole is? A black hole is a star we can’t see because there’s so much mass, so much gravity, not even light can escape it. The only thing that’s been known to escape it is the USS enterprise, captained by William Shatner. Other than that, nothing’s ever gotten out of one. A black hole is nothingness. So when a bunch of papers get thrown away that nobody can find, it’s a black hole. This guy was forced by a judge to apologize for the racial insensitivity. So we’ve gone from “yuck” when your kid doesn’t like Chinese food, to a black hole now being racist.
Even my nine year old son can tell you what a “black hole” is….