AmericanTruckersAtWar

Professional, Polite, Prepared to Kill

Here Comes The BARF

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

obamabarfbag

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….

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January 30, 2009 Posted by | economy, Moonbats, Obama-bots, Politics | , , , , , | Leave a comment

The Captain’s AMERICA Radio Show For Nov. 18th

LISTEN HERE

Join ‘The Captain’ and today’s guest, Frank Salvato, Managing Editor of the New Media Journal as they start out talking about the $25 Billion ‘Big 3’ Auto Company bailout that just may not be a bailout.  Fact of the matter is that tens of thousands of emails, faxes and letters have been hitting the Congressional Offices telling Representatives NOT to give any of the $700 million Financial bailout money to the Auto makers…

Then you’ll hear discussion about what President-Elect Barack Obama ‘promised’ in order to get elected that will NOT happen and the reasons why they won’t…

Military news straight from the AOR, Terrorist news with those Somali ‘Pirates’ capturing 2 more ships in the Arabian Sea then highlight what Frank and ‘The Captain’ speak about…

You’ll then hear the new segment straight from Israel telling you what’s going on there in the Gaza Strip with Hamas ‘acting up’ again…

Add Scott Graves from Red County.com telling us his Blog has been doing and you’ve got today’s show…

Get in on knowing what others won’t by listening to “The Captain’s AMERICA Radio Show”…

God Bless America!

‘The Captain’

http://thecaptainsamerica.com
http://www.newmediajournal.us
http://www.newssarasota.com
http://www.nettalkworld.com

November 18, 2008 Posted by | economy, Homeland Security, Politics, the captains america, trucking | , , , , , , , , , , , | Leave a comment

Barney Frank – the brilliant guy who presided over the biggest financial collapse in history

October 2, 2008 Posted by | economy, Politics | , , , , | 2 Comments