The Burning Platform

The Bank Was Saved And The People Were Ruined – Part II

Despite Federal Reserve Chair Janet Yellen’s expression of confidence in raising the federal funds rates, the worst of the tragic consequences of the government bank bailouts is yet to come. Part II of “The People Were Ruined” is on the horizon, and “the people” are going to suffer dramatically.

William Gouge (1796-1863) was credited with the famous quote. His premise is still alive and well. Banks create boom and bust cycles through irresponsible lending. When “bust” comes along it is a surprise and a crisis. Everyone suffers except the political class and banks.

Why? The banks make enormous profits on the upside. When they suffer losses, not only do the taxpayers end up bailing out the banking system, the collateral damage can also be dramatic. The banks are saved and the people suffer.

Continue reading “The Bank Was Saved And The People Were Ruined – Part II”

Question of the Day, Apr 20

The real estate market in my area, like most markets, is experiencing a record shortage of residential supply. If you were a real estate agent, how would you market to get the much sought after listings?

ANOTHER RANDOM ACT

Hat tip Hardscrabble Farmer

This breathtaking display of political correctness is all you need to realize how fucked up our country has become. This Muslim fuck slaughtered four WHITE men because they were white. There was nothing random about it. The police chief is a fucking coward. Where is MSNBC condemning this HATE CRIME 24/7? The story is buried already, if it was even reported in the liberal MSM. Where is Jesse, Sharpton, and Obama condemning this hate crime?

The four men who were targeted Tuesday were white, Dyer said.

Muhammad’s Facebook posts indicated that “he does not like white people”

“What we know is that this was a random act of violence,” Dyer said.

ran·dom ˈrandəm/

adjective

made, done, happening, or chosen without method or conscious decision.
“a random sample of 100 households”

synonyms: unsystematic, unmethodical, arbitrary, unplanned, undirected, casual, indiscriminate, nonspecific, haphazard, stray, erratic; More

Three dead in Fresno shooting rampage; suspected gunman linked to killing of motel guard

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Three men were killed Tuesday morning in a Fresno shooting rampage that police say was carried out by a man they had identified only hours earlier as the suspect in the fatal shooting of an unarmed motel security guard last week.

The 39-year-old suspect, identified as Kori Ali Muhammad, opened fire on four men, hitting three and missing the fourth, before he was taken into custody, police Chief Jerry Dyer said. Muhammad, who is facing four counts of murder for Tuesday’s shootings and the shooting last Thursday at Motel 6 and also two counts of attempted murder, shouted “Ali Akbar” after he spotted approaching officers and dove to the ground on Fulton Street, Dyer said.