Mike Beckom for March 13, 2023

So Biden is using FDIC fees to bail out banks and cover all deposits. But those FDIC fees are designed to insure on ly the first $250,000 in deposits. So he’s draining the FDIC accounts in order to cover the $200 billion in deposits not covered by FDIC.

It’s like draining the oil reserves. Using FDIC money to bailout his rich donors and putting the future of banking at risk.

If only that were true, Mr. Beckom. The government is exceedingly good at hiding what it doesn’t want us to know, both the embarrassing and the unconstitutional. It also does not help us that corporate media is in the government pocket.

Funny, old hat and spats doesn’t look like the FG at all . . .

(See Clay Jones today)

For starters, only depositors are being protected — not shareholders or bondholders.

In addition, taxpayers aren’t financing this move, at least not directly. “Instead, the cost of covering the deposits, including uninsured amounts in excess of the FDIC’s $250,000 limit, will be paid for in part out of the agency’s Deposit Insurance Fund — a reserve that is paid for by a quarterly fee on banks.”

And unlike in 2008, these banks aren’t staying in business and executives aren’t keeping their jobs.

The government instead is selling off Silicon Valley Bank’s assets — to also help fund these emergency measures, NBC’s Wile reports.

A move made to prevent Americans from withdrawing their deposits from other smaller banks across the country.

“We want to make sure that the troubles that exist at one bank don’t create contagion to others that are sound,” Treasury Secretary Janet Yellen told CBS on Sunday.

Trump’s term as president was the very model of weaponization of the federal government. It exposed vulnerabilities in our system that demand inquiry, and from which we can draw lessons to safeguard the rule of law and our democratic institutions. But the new House subcommittee isn’t going to be investigating any of that.

Instead, what Jordan’s new select subcommittee will in fact be investigating, apparently, are those in the federal government who have been investigating that very weaponization of government under Trump. It’s exhausting to contemplate, and it’s a prime example of the classic Trumpian tactic of accusing your perceived enemies of doing exactly the thing that you are actually doing. We can’t allow this to be accepted as an honest or upright enterprise.

Jordan, Speaker Kevin McCarthy, and other House Republicans argue that conservatives from Trump on down have been subjected to a double standard by the federal government and particularly by law enforcement. This is, of course, nonsense.

Trump weaponized the Justice Department. He subpoenaed data on Congressman Adam Schiff and Eric Swalwell. That’s what is known. He secretly obtained reporters’ phone records using the Justice Department. He pressured the Justice Department, to go easy on Michael Flynn and Roger Stone. The justice was pressured by Mark Meadows, who investigated this election fraud. He even tried to change the leadership at the Justice Department.

If you truly are concerned about the weaponization of the Justice Department in the Biden years, why not investigate the Trump years? When it actually happened.

FANTASTIC

Please post all the information from the boxes taken from Mar-A-Lago, Biden’s beach house, and Pence’s….I don’t know….man cave?

Maybe I missed it, but I don’t recall Beckom being quite as fond of transparency during the January 6th committee hearings to elucidate trump’s role in the attempted uprising.

Not to worry, Beckom. Gym Jordan is going investigate the heck out of Hunter’s laptop.

.

In other news, The Messiah has sued to block Mike Pence from testifying in one of his criminal cases.

THAT kind of sunshine we DON’T need, right Beckom?

Now I understand why they love Hunter’s d!$k pics…………………………..

Beckom appears to be another ‘Naysayer!’ Does he ever have anything constructive to say about America?