Daily Archives: June 21, 2009

Bank Failures

How many more are going to close now that Obama is in charge.
Friday, June 19, 2009 FOXBusiness:  Joanna Ossinger

Three More Banks Fail; 40 Closures So Far This Year

Three banks were closed on Friday — one in Georgia, one in North Carolina and one in Kansas — bringing the total to 40 bank failures in the U.S. so far in 2009.

Southern Community Bank of Fayetteville, Ga., was closed down, and all its deposits will be assumed by United Community Bank of Blairsville, Ga. All five offices of SCB will become branches of UCB, and depositors of SCB will automatically become depositors at UCB.

As of May 29, SCB had total assets of $377 million and total deposits of $307 million.

United Community Bank paid a premium of 1% to acquire all of the deposits of the failed bank, the Federal Deposit Insurance Corp. said. Continue reading

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House Democrats Unveil Own Health-Reform Proposal

Now they have a plan 852 pages and do they know what is in it, bet they have not even picked it up, let alone know really what is in it.

=====================================================Friday, June 19, 2009  Fox Business:  Joanna Ossinger and Peter Barnes

Democrats in the House of Representatives released an initial draft of their own health-care reform bill on Friday, saying that their proposal would lower costs, broaden choice, provide stability and boost quality in the system.

The 852-page bill contained many specifics, but left large areas of policy, taxes and spending still unspecified. A final budget tally wasn’t given, since it hadn’t been “scored” by the Congressional Budget Office.

Key points of the bill included a health-insurance exchange, which would be a place where individuals could comparison-shop for coverage; a public health-insurance option; and guaranteed coverage. Continue reading

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Slaughter of Foreigners in Yemen Bears Mark of Former Gitmo Detainee, Say Experts

If this stands to what is going to happen when OBAMA closes Guantanamo Bay, then we can blame MR OBAMA , And every one who started this drive to release all information, and should be held accountable for their actions, and that is prosecution as TREASON against the United States, and the Constitution.
Saturday, June 20, 2009

By Jana Winter

The fate of three of nine foreigners abducted in Yemen last week is known — their bodies were found, shot execution style. The whereabouts of the other six — including three children under the age of 6 — remain a mystery.

But terrorism experts say their abductors and killers are almost certainly not a mystery. They say the crimes bear the mark of Al Qaeda, and they fear they are the handiwork of the international terror organization’s No. 2 man in the Arabian Peninsula: Said Ali al-Shihri, an Islamic extremist who once was in American custody — but who was released from the U.S. detention center in Guantanamo Bay, Cuba. Continue reading

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