The Bank Robbers Try Again

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“Bank robber” used to mean a person who robs a bank. Now, a “bank robber” is a bank that wants to steal your money.

The bank robbers are going to try again to steal your money. To entice us, they are making the original bailout worse by raising deposit insurance. A terrible idea. Remember the S & L bailout?

Raising the limit to $250,000 will decrease the incentive for people and banks to be careful about their investments and loans–the opposite of what we need just now. And it sets up the taxpayer for losses in the trillions.

Way to compromise with us, McBama.

The arrogance of these people is stupefying.

8:05 am on October 1, 2008