Wednesday, May 16, 2012

Things to Know - 17 May



1.  Elizabeth Warren has a very good case to go back to "boring banking".   You see, the problem is that banks used to do the boring business that banks were known, and what you and I know, that banks do - take our bank deposits, and load them to people, who invest in businesses or capital ventures, and then pay it back with interest, which is split between the banks and the people who deposit the money - Voila! - Boring Banking.  The disappearance of the Glass-Stegall rules, then banks went to the dark side from investment banking to commercial banking and invented risky ways to play with the money.  As a bank, they took on the protection of the FDIC, which put us on the guarantee for any of their failures.  That crap should have been stopped, but was not, and the Republicans want to keep it that way.  They are shameless and reckless:

2.  A bit of the George Carlin logic to focus on the divide and conquer plans of the Wisconsin gov.:

3.  Kansas is working on sharpening up its Assault on Women image, so that the other backward states don't get a leg up on them.  This rush to the extreme seems to be the GOP game plan:

4.  This column by George Will is insulting to our intelligence.  He's complaining that the "entitlement program' of the "low 3.4%" that allows college students to borrow to get their degrees is just another scheme of "an intrusion" of the federal government into education that it should not be doing.  Have any of you noticed the biggest Entitlement Program that the federal government has going - or to be more specific - the Federal Reserve Bank has going?    The banks have a rate of .75%, yes that is less than 1%, that they get money from our US Treasury.  They use that money to finance lots of stuff (including college loans at 3.4%), and lots of other stuff at much higher rates.   So, who has the lock on the greatest entitlements?:

5.  Gail Collins points out that this is going to be on long and stupid Summer.  The Bozos in Congress will make sure of that.  It is seriously damaging and ridiculous.  Taking all this seriously is damaging to one's health.  One has to wonder just what all the gnashing and snarky behavior says about the state of our nation.  We are not well.  We are far from number one, and we sure as hell are not a model for future generations.  It is so sad:

6.  Charles Blow indicates that the partisan faithful's belief in their nominee is the key to success in the general election.  Obama has more followers that believe in him, while Romney has the nod, but that is about all he gets from his side:

7.  Well water testing, fracking, and determination of what is safe to drink is now a media event.   Apparently there is a difficulty in finding Truth.  There is a lot at stake, and the money is pushing the validity meter:

8.  In an other sad story of an aging and ailing marriage partner and suicide.  The survivor is arrested and now charges are contemplated:


"Babies are cool, until you've done everything to do with 'em and you get bored. That's why T.V. shows about babies don't last more than a year." 
       -- Gregory Thomas Garcia, Alan Kirschenbaum
"If we were to wake up some morning and find that everyone was the same race, creed and color, we would find some other cause for prejudice by noon." 
       -- George Aiken
"Conceit is God's gift to little men." 
       -- Bruce Barton
"People demand freedom of speech as a compensation for the freedom of thought which they seldom use." 
       -- Soren Kierkegaard
"Age is not important unless you're a cheese."
       -- Helen Hayes

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