Posts Tagged ‘banks’

Is this unbelievable or what?  Those financial institutions not eligible for a part of the free government giveaway of America’s future have devised ways to get in through the back door.  And the government and regulators are welcoming them through the back door!!!!!!!!

Check this out from

NEW YORK ( — Four insurance companies applied Friday to become thrift holding companies and acquire savings and loans, which opens the door for them to seek bailout funds.

Friday was the deadline to apply for funding from the Treasury’s Troubled Asset Relief Program.

Any bank, savings association, bank holding company or savings and loan holding company established and operating in the United States was eligible to apply for some amount of capital from the bailout plan. Insurers and foreign-controlled entities were not included.

The Hartford Financial Services Group, Lincoln National Corp., Genworth Financial Inc. and Aegon NV all submitted applications to become holding companies to the Office of Thrift Supervision (OTS) on Friday.

If we, you and I, can not walk in through the front door or sneak in through the back door, is there a window we can climb through or get in using a “Mission Impossible” break in move?  Please share your ideas through a comment!

Cities and states are asking for bailouts, the Auto Industry is asking to be saved, the Unemployment Funds in 4 states are seeking Fed support, millions of homeowners are behind and in default, credit card companies are raising their rates to force all but the strongest into a default situation.

The system is suddenly rewarding those that were weeek, foolhardy, or just caught in the chaos fostered by others, and then the system is pushing all the rest into the same abyss!!! Can this end well?  Let me know your thoughts.