While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” the Federal Deposit Insurance Corporation closes five commercial banks across the nation with assets totaling 2,012,000,000 “dollars,” at a loss to the already insolvent FDIC of 334,000,000 “dollars.”

        NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.

        [added 8/29/2021] Thanks to Freedom’s Phoenix for this entry.

        Henry M. Paulson, Jr., the former secretary of the treasury who orchestrated the subsidization of trillions of dollars seized from generations of U.S. enemy/subject/citizens yet unborn (deficit spending) into insolvent commercial banks, writing in the Washington Post attempts to spin blame for the ongoing Great Recession away from the unlawful privately owned Federal Reserve System of (central) Banks, and its policy of extremely low interest rates for having created the nine year housing bubble:

        A significant root cause of the crisis was the combined weight of government policies promoting homeownership; these are apparent in the housing GSEs [Government Sponsored Enterprises: the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (a.k.a. “Fannie Mae” and “Freddie Mac”)], the Federal Housing Administration (FHA), the Federal Home Loan Banks, the federal tax deduction for mortgage interest and various state programs. Homeownership was over-stimulated to the point that it was unsustainable and dangerous to the broader economy.

        [added 8/29/2021] Thanks to Freedom’s Phoenix for this entry.

        The “Calculated Risk” web site releases the unofficial list of 808 commercial banks (with combined assets of almost 415,000,000,000 “dollars”) that are at-risk of failure.  The official list is maintained by the Federal Deposit Insurance Corporation, and is kept secret.  This is the first time the list has risen above the psychologically significant 800 level; and it continues to climb.

       [added 8/29/2021] Thanks to Freedom’s Phoenix for this entry.