I'm just an individual who hopes to inspire but not impose his views on others. I seek not to convince but only hope that my words are written well enough to get others to delve deeper into their own thoughts and ideas. I am sincere in all that I say but never so serious as to not listen to the ideas of others
Saturday, September 25, 2010
PRESIDENT ZERO TO BAIL OUT CREDIT UNIONS...
Despite the Financial Reform Act, the age of government bailouts continues as three wholesale credit unions receive Federal intervention. Five have been seized in the past 18 months. The Obama administration is requesting from Congress a bailout program for the 27 credit union wholesalers nationwide. Figures range from $10-50 Billion. The three seized on Friday were just like every other bank that needed a bailout, carrying billions of ‘toxic assets’ on their books.
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