Another week, another bank eaten by the FDIC
Silver State Bank go poof.
First watch this:
Secondly, look whose bank this is:
HENDERSON, Nev.–(Business Wire)–
Silver State Bancorp (NASDAQ:SSBX), the holding company for Silver
State Bank, announced today that Andrew K. McCain submitted his
resignation today as a director on the Boards of Directors of Silver
State Bancorp and Silver State Bank, citing personal reasons.Mr. McCain previously served as a director of Choice Bank in
Scottsdale, Arizona from 2006 to April 1, 2008 when Choice Bank merged
into Silver State Bank. Mr. McCain had been appointed to the Boards of
the Company and Silver State Bank in February, 2008 and had served on
the Audit Committee. Mr. McCain has recently been appointed Chairman
of the Greater Phoenix Chamber of Commerce, effective this month.
This the same day that Fannie Mae and Freddie Mac were also nationalized.
In related news, holy shit, look at the latest unemployment numbers.
I know there are people out there who are big enough wankers to somehow blame this on Democrats, but the other 80% of the country isn’t that stupid.
So…how is it again that John McCain and Sarah Palin are running on a platform (Obama’s platform, because they can’t come up with their own) of “changing Washington,” when it’s their fucking party and their fucking failed philosophies that got us into this shit?
John McCain lacks the judgment and understanding, on EVERY issue, to lead this country.
This entry was posted on September 6, 2008 at 9:54 pm and is filed under Barack Obama, Domestic Policy, Election that will never end, John McCain, McCain-Palin '08, News, Obama-Biden '08, President Obama, Reality Check, Republicans, Sarah Palin, the economy with tags Andrew McCain, Andy McCain, Barack Obama, Fannie Mae, Fannie Mae eaten, FDIC, Freddie Mac, Freddie Mac eaten, John McCain, John McCain Andy McCain, John McCain Sarah Palin, John McCain's judgment, John McCain's poor judgment, McCain-Palin, Sarah Palin, Silver State, Silver State Andy McCain, Silver State Bancorp, the economy, unemployment numbers. You can follow any responses to this entry through the RSS 2.0 feed You can leave a response, or trackback from your own site.
September 13, 2008 at 11:59 am
Probably has something to with all these Republicans and (non)conservatives “reaching across the aisle” and adopting liberal views!
September 13, 2008 at 5:03 pm
Boop boop boop, someone’s got a crush on me, and his parents extended e-mail time on Saturday morning!
September 15, 2008 at 10:40 pm
Evan, isn’t big government what democrats want? Big government is key for Dems to take over, where Americans will need to rely on government. All about power! And Republicans want smaller government, less government means less power. Now the take over of Fannie and Freddie, a democrat move by Bush, doesn’t look like it has helped any.
Same as the stimulus package, another government handout that did diddly squat. I don’t know what’s going on any more with the economy? Who’s right, who wrong, or are we all wrong?
Bo
September 15, 2008 at 10:48 pm
Well, honestly, I think we’re both right and we’re both wrong.
I don’t think it’s quite so simple as “Democrats want big government, Republicans want small” and the problems come in when it veers too far in any one direction.
I’ll write more later, because I’m running out the door, but I think part of the problem of the last eight years is that these institutions have been given such carte blanche, due to deregulation, to do any kind of creative thing they want, regardless of the consequences, and the truth of the matter is that Big Business is notoriously short-sighted. So, for instance, they’ll create these fancy loan instruments, market them to susceptible people, make a bunch of money in the short term, and then when everything goes to hell, they expect the government to bail them out — it’s corporate welfare.
Whereas, if they were more sensibly regulated in the first place, we might not be in quite the same mess.
And yes, I agree that the stimulus packages were pretty useless, but they were just another band-aid. Believe me, if you look at the associations of many of the Democrats in congress, they’re not just looking for governmental control of everything, and many of them are VERY pro-business…and the Democrats aren’t perfect, obviously, but they do seem to support a more sensible policy toward the business world.
Anyway, like I said, I’ll write more later, because my brain is kinda fried right now and I’m running out the door.