Intermarkets' Privacy Policy Support
Donate to Ace of Spades HQ! Contact
Ace:aceofspadeshq at gee mail.com Buck: buck.throckmorton at protonmail.com CBD: cbd at cutjibnewsletter.com joe mannix: mannix2024 at proton.me MisHum: petmorons at gee mail.com J.J. Sefton: sefton at cutjibnewsletter.com Recent Entries
Saturday Evening Movie Thread [moviegique]: Lilly
Hobby Thread - May 31, 2025 [TRex] Pet Thread - May 31, 2025 [TRex] The Gardening & Puttering Thread - May 31, 2025 [TRex] The Classical Saturday Coffee Break & Prayer Revival Daily Tech News 31 May 2025 Our Friends From Frolix ONT TGIF Cafe WNBA "Superstar" Angel Reese Drops New Race Hoax Just in Time for Summer Rioting Season The Week in Woke Absent Friends
Jim Sunk New Dawn 2025
Jewells45 2025 Bandersnatch 2024 GnuBreed 2024 Captain Hate 2023 moon_over_vermont 2023 westminsterdogshow 2023 Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published.
Contact OrangeEnt for info:
maildrop62 at proton dot me Cutting The Cord And Email Security
Moron Meet-Ups
Texas MoMe 2025: 10/17/2025-10/18/2025 Corsicana,TX Contact Ben Had for info |
« House Republican Leader Attacks Obama On AIG....UPDATED With Dodd Related Hypocrisy |
Main
| Patterico Responds, Socratically, to Jeff Goldstein's Theory of Intentionalism »
March 17, 2009
Sweet Fancy Moses: Bank Rapped for Keeping Balance Sheets, um, Balanced; Feds Censure It for Not Aggressively Enough Pouring Money Down CRA RatholeI didn't want to link Hot Air again so early, but I need to. Bad or delinquent loans? Zero. Foreclosures? None. Money set aside in 2008 for anticipated loan losses? Nothing. … The bank even squeaked out a profit of $87,000. And its Tier 1 risk-based capital ratio was 31.6 percent, or more than three times higher than many community banks in Massachusetts. “We’re paranoid about credit quality,” [Joseph] Petrucelli said. The 62-year-old chief executive has run the bank since 1992. The claim is that the bank didn't advertise its rates well enough. What they mean is that the bank didn't set out to court borrowers who couldn't pay the money back. We had an argument here about CRA. I forget what the actual point of contention was. I believe it had to do with Bush's initial TARP, and whether or not we had to stop the CRA prior to TARP. Quinn and others contested that unless we stopped that madness, we'd just have more of it. I disagreed. I contended, if memory serves, that legislators must already be so chastened by the bomb they'd built with the CRA that action in ending this insane program (or at least making it sane) was guaranteed; we hardly had to agitate for such a thing. It was such an unmitigated disaster we could trust even liberals to run to fix the CRA, for fear of their own political survival. Well. I guess I nailed that one, huh? The MSM has so effectively blacked out the real causes of the crisis -- all in an effort, of course, to blame it on Bush's tax cuts, deregulation, a lack of universal health care, and global warming (Obama's thesis, of course: he contends we fix the financial mess by addressing these wholly unrelated issues) -- that the public simply doesn't know about this at all. What should have been the outrage of the decade is altogether unknown by the public at large. I have often noted that 2008 was the media's year of asserting its power. They answered the threat of alternative media by demonstrating that they had both the power and inclination to throw a presidential election whichever way they chose by their misreporting and censorship. That display of power -- and malfeasance -- continues.
| Recent Comments
Pillage Idiot:
"Holy Moly, Nearsider!
I couldn't get that level ..."
Just Sayin: "Deepest respect to WN's work. But he hasn't known ..." Eromero: "The old white gas stove? I bought an ebay "special ..." Helena Handbasket: ">>> 122 Mrs. E completely restored an old Coleman ..." mrp: "Mrs. E completely restored an old Coleman stove to ..." TRex: "126 Good night, TRex. Enjoy the rest of your eveni ..." Bulg: "Good night, TRex. Enjoy the rest of your evening. ..." JackStraw: ">>This is wagon I made fir my Russian 1812 army in ..." TRex: "Time to say thank you and good night before the ne ..." George and Weezy: "> We don't fry fish in the house so she fried them ..." Nazdar: "first - KT posted this morning that she was gettin ..." Anal: "Fantastic blog you have here but I was curious abo ..." Recent Entries
Saturday Evening Movie Thread [moviegique]: Lilly
Hobby Thread - May 31, 2025 [TRex] Pet Thread - May 31, 2025 [TRex] The Gardening & Puttering Thread - May 31, 2025 [TRex] The Classical Saturday Coffee Break & Prayer Revival Daily Tech News 31 May 2025 Our Friends From Frolix ONT TGIF Cafe WNBA "Superstar" Angel Reese Drops New Race Hoax Just in Time for Summer Rioting Season The Week in Woke Search
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Primary Document: The Audio
Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an F*ckin' Hammer Top Top Tens
Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs
The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) |