New Zealand planning Cyprus-style “solution” for bank failure

New Zealand planning Cyprus-style “solution” for bank failure. “Depositors will overnight have their savings shaved by the amount needed to keep the bank afloat.” Yup, gives a depositor a lot of confidence in his bank if he knows that it’ll stay in business no matter what, even if it has to take his money to do it. Let’s see… what’s the definition of “self-fulfilling prophecy” again?

Economists: underground economy booming

Economists: underground economy booming. Consumers seem to have more money than they ought to, given the “unexpectedly” lousy trends in employment. “It costs too much now for companies to create open positions that carry the costs of mandated health insurance. Instead, more employers appear to be paying cash for what used to be called piece work in a bygone era.” Working for change off the books is what they can believe in, thanks to King Putts.

$2.7M federal study: Why do lesbians have higher “risk for hazardous drinking”?

$2.7M federal study: Why do lesbians have higher “risk for hazardous drinking”? Maybe it’s because all the nosy bureaucrats studying them makes them nervous. How about maybe they’re worried about the national debt and why idiot politicians can’t seem to find anything to cut? Bottoms up.

NY Post: “Weiner has recently been telling pals that ‘when Hillary is president’, he will get his revenge”

NY Post: “Weiner has recently been telling pals that ‘when Hillary is president,’ he will get his revenge.” Also, supposedly he has it in for Botox Nan: “Weiner is still fuming over his downfall, and he blames Nancy Pelosi” apparently because she called on him to resign after his “sexting” scandal broke a couple of years ago. Well, once a weiner, always a weiner.

Wallace to Durbin: If $9T in debt was “unpatriotic,” how can $16T in debt be “sustainable”?

Wallace to Durbin: If $9T in debt was “unpatriotic,” how can $16T in debt be “sustainable”? Watch Dick Dustbin play dodgeball. After a while you get the idea everything these people say is just a cynical ploy to win elections or something.

Detroit protesters vow ‘civil disobedience’ in opposition to city’s emergency manager

Detroit protesters vow ‘civil disobedience’ in opposition to city’s emergency manager. Wahhhhhhh! Whaddya mean there’s no more candy? Whaddaya mean there’s no more free stuff? Wahhhhhhh! I want my nanny state!

BOEHNER: I ‘ABSOLUTELY’ TRUST OBAMA

BOEHNER: I ‘ABSOLUTELY’ TRUST OBAMA. Boehner also trusts used car salesmen, witch doctors, Bernie Madoff, John Corzine, Al Gore, Adolph Hitler, Joseph Goebbels, Boss Tweed, Charles Ponzi, Josef Stalin, Lance Armstrong, Pinocchio, Richard Nixon, Kenneth Lay, Bill Clinton and a host of others. It speaks very poorly of the Republicans that they re-elected this over-tanned dipstick Speaker of the House. Until they rectify that, they have no chance whatsoever of winning in 2016.

Bill Maher on California income taxes: “Liberals – you could actually lose me”

Bill Maher on California income taxes: “Liberals – you could actually lose me”. “Pointing at Virginia’s former Republican Congressman Tom Davis, Maher said, ‘You know what? Rich people – I’m sure you’d agree with this – actually do pay the freight in this country.'” It’s not the freight that’s bankrupting us, it’s the hobos riding on the train… the rich crony capitalist ones as well as the not so rich.

Europe announces stunning bailout for Cyprus — Bank depositors to get instant 10% tax before banks reopen this week

Europe announces stunning bailout for Cyprus — Bank depositors to get instant 10% tax before banks reopen this week. Eurocrats gonna swoop in and take something from everybody: the “stability levy” will take 10% of the accounts over 100,000 Euros, 6.75% for accounts with less than that. … The challenges we were facing in Cyprus were of an exceptional nature”… i.e. the pols were nearly out of money to hand out to their cronies. More here: Cyprus Depositor Haircut “Bailout” Turns Into Saver “Panic”, Frozen Assets, Bank Runs, Broken ATMs. Wealthy Russians have a lot of money in those banks. Odds are they are not amused.

I HATE THE MEDIA ™
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