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(BusinessWeek)   28   (businessweek.com) divider line 38
    More: Fail, FDIC, state banks, savings and loan crisis, federal savings banks, deposit insurance, Traders State Bank  
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11493 clicks; posted to Business » on 09 Jun 2012 at 11:36 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-09 09:33:14 AM  
But, the private sector is doing fine.
 
2012-06-09 11:48:11 AM  

BillCo: But, the private sector is doing fine.


static7.businessinsider.com

/isn't it a little early in the day/thread to be posting such tripe?
 
2012-06-09 11:57:00 AM  

rohar: BillCo: But, the private sector is doing fine.

[static7.businessinsider.com image 612x459]

/isn't it a little early in the day/thread to be posting such tripe?


Nope, those numbers represented on the graph are way too small to hold any real meaning. 8.2% unemployment, and we know the actual number would be much higher if they weren't funging the numbers by not counting people who have exhausted their benifit. 1.9%GDP and 15 trillion in debt.
 
2012-06-09 12:07:44 PM  
I work in the banking industry and i'm getting a kick out of this..
 
2012-06-09 12:12:52 PM  
Apparently banks can be allowed to fail if they're small enough. ಠ_ಠ
 
2012-06-09 12:22:53 PM  

Brick-House: rohar: BillCo: But, the private sector is doing fine.

[static7.businessinsider.com image 612x459]

/isn't it a little early in the day/thread to be posting such tripe?

Nope, those numbers represented on the graph are way too small to hold any real meaning. 8.2% unemployment, and we know the actual number would be much higher if they weren't funging the numbers by not counting people who have exhausted their benifit. 1.9%GDP and 15 trillion in debt.


2011 to 2012 we saw almost a 3% increase in private employment with only a .73% population growth. We are creating jobs faster than we are creating people. As much as it pains many, this is a GOOD thing.

/also, only 5 trillion of that debt matters
//compound interest, inflation and growth take care of the rest
 
2012-06-09 12:42:55 PM  
I miss the Saudi execution counter.
 
2012-06-09 12:58:15 PM  

BillCo: But, the private sector is doing fine.


So we're on track for 60-odd bank failures this year? That sounds bad, but it's a huge step up from 2009 / 2010, when the FDIC took over 100+ banks each year.

Of course, we'll see what happens if (when?) the Euro collapses...
 
2012-06-09 01:38:46 PM  
Canada hasn't had even 1 bank fail yet during this 2008 -2012 economic global downturn. That could change though
 
2012-06-09 01:46:22 PM  

ontariolightning: Canada hasn't had even 1 bank fail yet during this 2008 -2012 economic global downturn. That could change though


so vote Canadian
 
2012-06-09 02:08:42 PM  

ontariolightning: Canada hasn't had even 1 bank fail yet during this 2008 -2012 economic global downturn. That could change though


Now you're Canada-trolling bank threads?

I don't think I've seen anyone with more national pride.
 
2012-06-09 02:35:12 PM  

Arkanaut: BillCo: But, the private sector is doing fine.

So we're on track for 60-odd bank failures this year? That sounds bad, but it's a huge step up from 2009 / 2010, when the FDIC took over 100+ banks each year.

Of course, we'll see what happens if (when?) the Euro collapses...


And yet, since the FDIC was created, no depositor has lost a penny.
Now, the tards who OWNED the failed banks? They lost everything.
 
2012-06-09 02:39:54 PM  

Arkanaut: So we're on track for 60-odd bank failures this year? That sounds bad, but it's a huge step up from 2009 / 2010, when the FDIC took over 100+ banks each year.

Of course, we'll see what happens if (when?) the Euro collapses...



TFA: The pace of bank closures has slowed sharply after ballooning as the financial crisis took hold in 2008. By this time last year, 45 banks had failed.
 
2012-06-09 02:44:21 PM  
FTA: "Waccamaw Bank was the biggest."

/That's what she said.
 
2012-06-09 02:46:50 PM  
In case anyone is keeping track, that makes a grand total of zero bankers in jail since the Great Recession began.
 
2012-06-09 03:28:50 PM  
I almost got a job being on the team that closes banks. You're not even allowed to tell family where you're flying off to.
 
2012-06-09 03:40:37 PM  

fatalvenom: ontariolightning: Canada hasn't had even 1 bank fail yet during this 2008 -2012 economic global downturn. That could change though

Now you're Canada-trolling bank threads?

I don't think I've seen anyone with more national pride.


Don Cherry?
 
2012-06-09 04:01:40 PM  

fatalvenom: ontariolightning: Canada hasn't had even 1 bank fail yet during this 2008 -2012 economic global downturn. That could change though

Now you're Canada-trolling bank threads?

I don't think I've seen anyone with more national pride.


patriotism is the shiny beacon of the stupid
 
2012-06-09 04:06:53 PM  

KrispyKritter: fatalvenom: ontariolightning: Canada hasn't had even 1 bank fail yet during this 2008 -2012 economic global downturn. That could change though

Now you're Canada-trolling bank threads?

I don't think I've seen anyone with more national pride.

patriotism is the shiny beacon of the stupid


There is a difference between blind patriotism and patriotism

learn it, stupid
 
2012-06-09 04:07:13 PM  

ontariolightning: fatalvenom: ontariolightning: Canada hasn't had even 1 bank fail yet during this 2008 -2012 economic global downturn. That could change though

Now you're Canada-trolling bank threads?

I don't think I've seen anyone with more national pride.

Don Cherry?


Well, he's got you beat in the ugly suit and too many men on the ice call department, so there is that.

/I do love Grapes though
 
2012-06-09 05:56:11 PM  

ontariolightning: There is a difference between blind patriotism and patriotism


Blind patriotism is someone elses patriotism in some other country.
 
2012-06-09 07:01:27 PM  

ontariolightning: Canada hasn't had even 1 bank fail yet during this 2008 -2012 economic global downturn. That could change though


Canada doesn't have as many banks and really has no small banks like the majority of those that have failed in the US.
 
2012-06-09 07:04:44 PM  
let me know when it gets as bad as another Bush family fiasco, the S&L debacle.
 
2012-06-09 07:55:26 PM  
There used to be several sites that posted failing banks and things like Texas Ratios, but all the ones I can find on Google haven't been updated lately.

Can some kind soul with stronger GoogleFu point me in the right direction?
 
2012-06-09 08:09:03 PM  

ghare: let me know when it gets as bad as another Bush family fiasco, the S&L debacle.


That was the retard Neil and he was brought on towards the end.
 
2012-06-09 09:34:26 PM  

bojon: ghare: let me know when it gets as bad as another Bush family fiasco, the S&L debacle.

That was the retard Neil and he was brought on towards the end.


When you absolutely, positively need the job finished, bring in a Bush!
 
2012-06-10 12:21:05 AM  
t3.gstatic.com
 
2012-06-10 09:00:50 AM  

rohar: 2011 to 2012 we saw almost a 3% increase in private employment with only a .73% population growth. We are creating jobs faster than we are creating people. As much as it pains many, this is a GOOD thing.


So, in a couple of decades when most of those new people are old enough to enter the workforce, there won't be a problem.

Meanwhile, there's lots of folks born between about 1985 and 1990 who've never held jobs.
 
2012-06-10 10:17:08 AM  

hurdboy: rohar: 2011 to 2012 we saw almost a 3% increase in private employment with only a .73% population growth. We are creating jobs faster than we are creating people. As much as it pains many, this is a GOOD thing.

So, in a couple of decades when most of those new people are old enough to enter the workforce, there won't be a problem.

Meanwhile, there's lots of folks born between about 1985 and 1990 who've never held jobs.


Population expansion has been pretty steady for the past 50 years. We're still ahead of the game.

Math, how does that work?
 
2012-06-10 10:23:26 AM  

HempHead: In case anyone is keeping track, that makes a grand total of zero bankers in jail since the Great Recession began.


And here I was thinking the counter was 28 executed bankers.

/what do you call...
//a good start.
 
2012-06-10 10:45:42 AM  

rohar: Population expansion has been pretty steady for the past 50 years. We're still ahead of the game.

Math, how does that work?


Generational splits -- how do they work? Here's a hint -- K-12 student populations peaked in 2008, beating the previous record from 1982.

And I'd suggest that the demographers redo their statistics. There's lots of folks my age (mid-30s) who were thoroughly drilled with how-to-not-catch-teh-AIDS, and so we haven't made kids. Since the recession hit , immigration (both legal and illegal) has dropped to nearly nothing.
 
2012-06-10 10:55:05 AM  

hurdboy: rohar: Population expansion has been pretty steady for the past 50 years. We're still ahead of the game.

Math, how does that work?

Generational splits -- how do they work? Here's a hint -- K-12 student populations peaked in 2008, beating the previous record from 1982.

And I'd suggest that the demographers redo their statistics. There's lots of folks my age (mid-30s) who were thoroughly drilled with how-to-not-catch-teh-AIDS, and so we haven't made kids. Since the recession hit , immigration (both legal and illegal) has dropped to nearly nothing.


So where on this graph is population growth greater than current private sector employment growth?

www.census.gov

Why is it so hard for some people to admit the private sector is recovering?
 
2012-06-10 11:05:17 AM  

hurdboy: There's lots of folks my age (mid-30s) who were thoroughly drilled with how-to-not-catch-teh-AIDS, and so we haven't made kids.


Wait...what?

You do know that once you find that special someone, establish a monogamous relationship, and get each other tested then you can stop wearing condoms?
 
2012-06-10 11:22:31 AM  

rohar: So where on this graph is population growth greater than current private sector employment growth?


They're related statistics, but there's a lag between the two. Something about a good portion of that population growth being, you know, babies who don't need jobs.

Krieghund: You do know that once you find that special someone, establish a monogamous relationship, and get each other tested then you can stop wearing condoms?


Yes. But there's fewer oopses, and people are waiting longer to have kids (so they have a lot fewer). Maybe a decade of abstinance-only sex ed has fixed that. I don't know; I'm not in that sort of work anymore.
 
2012-06-10 11:28:45 AM  

hurdboy: rohar: So where on this graph is population growth greater than current private sector employment growth?

They're related statistics, but there's a lag between the two. Something about a good portion of that population growth being, you know, babies who don't need jobs.


All the lag in the world doesn't support your position. There isn't a single point since 1945 where population growth rate was larger than last year's private sector job growth rate.

Spin it any way you want, the fix is in. How can you possibly not see this?
 
2012-06-10 11:53:40 AM  

hurdboy: There's lots of folks my age (mid-30s) who were thoroughly drilled with how-to-not-catch-teh-AIDS, and so we haven't made kids.


Krieghund: Wait...what?

 
2012-06-10 12:53:36 PM  

Krieghund: hurdboy: There's lots of folks my age (mid-30s) who were thoroughly drilled with how-to-not-catch-teh-AIDS, and so we haven't made kids.

Wait...what?

You do know that once you find that special someone, establish a monogamous relationship, and get each other tested then you can stop wearing condoms?


Only sluts use birth control.
 
2012-06-10 01:24:37 PM  
onoz, time for a bank run
 
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