Update #7: Check your bank’s rating and list of closed banks to-date

Brace yourself.

This is the 7th Update of this post since early 2009.  In 2009, 140 banks were shuttered by the FDIC. To-date in 2010, 139 banks have been seized. I guess you could call that an improvement, but that it’s only November.

We have certainly come a long way since Penny Pritzker of Hyatt fame, the Mother of Subprime Lenders and  insolvent Failed Banks, first got the ball rolling. You remember Penny, don’t you? Barack’s Chicago friend and National Finance Chair of Barack’s election Campaign. Why Penny’s failed Superior Bank in Chicago folded long before the rush. Being first is such a badge. After his selection and subsequent election, Barack also offered her the position of head of the Department of Commerce. You can’t make this shit up. Wisely, she turned it down. I wonder if she finished paying off that $460,000,000 she owed the FDIC.

As you review the failed bank list below, I know you will find it hard to understand why the electorate punished Barack Obama in last week’s elections. After all, Happy Days Are Here Again!

But not to worry! Barack is on it!

He’s on it in India.

I know that these bank closings make me feel better about keeping my money in a bank and that reviewing them makes me feel as though we have turned the corner, and I know you feel the same way. Don’t let the fact that the FDIC is underfunded for what’s been happening bother your silly little head. Barack can always print more money just like he’s been doing right along. Why, the FED just printed up another $600 billion to pump into the economy. So what if it isn’t worth the paper it’s printed on?  And don’t let the fact that printing money devalues the dollar regularly scare you either. I mean who cares if the dollar will eventually be worthless, right? Then we can go on that “world currency” George Soros is drooling over. Then the USA can just be one of the guys with all the other third world countries while unseen manipulators continue to spread our wealth around to other places as well as into their own pockets. I love when they do that, don’t you? Especially with countries that haven’t got a pot to piss in and hate our guts at the same time. Why, if we are good, we might even get a couple of goats too! 

I left the original post that appeared above the closed bank list intact because it contains some valuable information that has not changed. Please read it and use the links to check your bank’s ratings. Know that these ratings can change, so check your bank out periodically. Nothing is more endearing than to find out your bank is seized and you can’t access your checking account to pay your bills until some government yahoo says you can.


money-catRight now, we all feel like we don’t know what to do with cash if we have it.

Many of us have accounts with banks and worry about whether or not they are solvent. Even with the FDIC promise, I know many people still worry about how easily or quickly they would be able to get access to their own money if their bank were to have problems.

You should also know that if a large failing bank were to be Nationalized, the stockholders would take the hit, but the account holders would not. In other words, if you have an account in one of these banks, it will remain intact. Whether or not limits would be set on how and when money can be removed remains to be seen. It has happened with some of these banks that have failed in order to quell “Runs” on the money. So it would be a LOT easier to check your bank’s status now than to worry about it later. Of course, a bank’s rating can change as well, from bad to better or from good to not-so-good. So it’s best to check back every so often.

If you want to check your bank’s  current rating or your credit union’s rating, go to the Safe and Sound at Bankrate.com.

You can also check the ratings for all the banks in your city, state, region. For each bank, you can get a report that provides more details as to why the bank has a particular rating.

Here’s a list of bank closings for 2008 thru 2010. You can see 2007 and earlier closings list here. As you can see, this has been going on for awhile.  The publicity on these closings was practically non-existent in 2007, and fairly paltry in 2008. In fact if you click on that link, you will see that there were bank Closings all the way back to 2000, with Penny Pritzker’s Superior Bank as one of the early, avoid-the-rush  sub-prime lender seizures.

In some cases, the FDIC takes over the bank, but in many of the cases, accounts are just transferred to more solvent area banks, which makes for a smoother transition for customers.


Oct 22 – First Arizona Savings, A F.S.B., Scottsdale, AZ

Oct 22 – Hillcrest Bank, Overland Park, KS

Oct 22 – First Suburban National Bank, Maywood, IL

Oct 22 – The First National Bank of Barnesville, Barnesville, GA

Oct 22 – The Gordon Bank, Gordon, GA

Oct 22 – Progress Bank Of Florida, Tampa, FL

Oct 22 – First Bank Of Jacksonville, Jacksonville, FL

Oct 15 – Premier Bank, Jefferson City, MO

Oct 15 – WestBridge Bank and Trust Company, Chesterfield, MO

Oct 15 – Security Savings Bank, F.S.B., Olathe, KS

Oct 01 – Shoreline Bank, Shoreline, WA

Oct 01 – Wakulla Bank, Crawfordville, FL

Sep 24 – North County Bank, Arlington, WA

Sep 24 – Haven Trust Bank Florida, Ponte Vedra Beach, FL

Sep 17 – Maritime Savings Bank, West Allis, WI

Sep 17 – Bramble Savings Bank, Milford, OH

Sep 17 – The People’s Bank, Winder, GA

Sep 17 – First Commerce Community Bank, Douglasville, GA

Sep 17 – Bank of Ellijay, Ellijay, GA

Sep 17 – ISN Bank, Cherry Hill, NJ

Sep 10 – Horizon Bank, Bradenton, FL

(Note:  Our underfunded FDIC held a Moratorium on bank closings from Aug 21 thru September 9. I guess the FED had to print some money for them)

Aug 20 – Sonoma Valley Bank, Sonoma, CA

Aug 20 – Los Padres Bank, Solvang, CA

Aug 20 – Butte Community Bank, Chico, CA

Aug 20 – Pacific State Bank, Stockton, CA

Aug 20 – ShoreBank, Chicago, IL

Aug 20 – Imperial Savings and Loan Association, Martinsville, VA

Aug 20 – Independent National Bank, Ocala, FL

Aug 20 – Community National Bank at Bartow, Bartow, FL

Aug 13 – Palos Bank and Trust Company, Palos Heights, IL

Aug 06 – Ravenswood Bank, Chicago, IL

Jul 30 – LibertyBank, Eugene, OR

Jul 30 – The Cowlitz Bank, Longview, WA

Jul 30 – Coastal Community Bank, Panama City Beach, FL

Jul 30 – Bayside Savings Bank, Port Saint Joe, FL

Jul 30 – NorthWest Bank & Trust, Acworth, GA

Jul 23 – Home Valley Bank, Cave Junction, OR

Jul 23 – SouthwestUSA Bank, Las Vegas, NV

Jul 23 – Community Security Bank, New Prague, MN

Jul 23 – Thunder Bank, Sylvan Grove, KS

Jul 23 – Williamsburg First National Bank, Kingstree, SC

Jul 23 – Crescent Bank and Trust Company, Jasper, GA

Jul 23 – Sterling Bank, Lantana, FL

Jul 16 – Mainstreet Savings Bank, Hastings, MI

Jul 16 – Olde Cypress Community Bank, Clewiston, FL

Jul 16 – Turnberry Bank, Aventura, FL

Jul 16 – Metro Bank of Dade County, Miami, FL

Jul 16 – First National Bank of the South, Spartanburg, SC

Jul 16 – Woodlands Bank, Bluffton, SC

Jul 09 – Home National Bank, Blackwell, OK

Jul 09 – USA Bank, Port Chester, NY

Jul 09 – Ideal Federal Savings Bank, Baltimore, MD

Jul 09 – Bay National Bank, Baltimore, MD

Jun 25 – High Desert State Bank, Albuquerque, NM

Jun 25 – First National Bank, Savannah, GA

Jun 25 – Peninsula Bank, Englewood, FL

Jun 18 – Nevada Security Bank, Reno, NV

Jun 11 – Washington First International Bank, Seattle, WA

Jun 04 – TierOne Bank, Lincoln, NE

Jun 04 – Arcola Homestead Savings Bank, Arcola, IL

Jun 04 – First National Bank, Rosedale, MS

May 28 – Sun West Bank, Las Vegas, NV

May 28 – Granite Community Bank, N.A., Granite Bay, CA

May 28 – Bank of Florida – Tampa Bay, Tampa, FL

May 28 – Bank of Florida – Southwest, Naples, FL

May 28 – Bank of Florida – Southeast, Ft. Lauderdale, FL

May 21 – Pinehurst Bank, Saint Paul, MN

May 14 – Midwest Bank and Trust Company, Elmwood Park, IL

May 14 – Southwest Community Bank, Springfield, MO

May 14 – New Liberty Bank, Plymouth, MI

May 14 – Satilla Community Bank, Saint Marys, GA

May 07 – 1st Pacific Bank of California, San Diego, CA

May 07 – Towne Bank of Arizona, Mesa, AZ

May 07 – Access Bank, Champlin, MN

May 07 – The Bank of Bonifay, Bonifay, FL

Apr 30 – Frontier Bank, Everett, WA

Apr 30 – BC National Banks, Butler, MO

Apr 30 – Champion Bank, Creve Coeur, MO

Apr 30 – CF Bancorp, Port Huron, MI

Apr 30 – Westernbank Puerto Rico, Mayaguez, PR

Apr 30 – R-G Premier Bank of Puerto Rico, Hato Rey, PR

Apr 30 – Eurobank, San Juan, PR

Apr 23 – Wheatland Bank, Naperville, IL

Apr 23 – Peotone Bank and Trust Company, Peotone, IL

Apr 23 – Lincoln Park Savings Bank, Chicago, IL

Apr 23 – New Century Bank, Chicago, IL

Apr 23 – Citizens Bank and Trust Company Of Chicago, Chicago, IL

Apr 23 – Broadway Bank, Chicago, IL

Apr 23 – Amcore Bank, National Association, Rockford, IL

Apr 16 – City Bank, Lynnwood, WA

Apr 16 – Tamalpais Bank, San Rafael, CA

Apr 16 – Innovative Bank, Oakland, CA

Apr 16 – Butler Bank, Lowell, MA

Ape 16 – Riverside National Bank of Florida, Fort Pierce, FL

Apr 16 – AmericanFirst Bank, Clermont, FL

Apr 16 – First Federal Bank of North Florida, Palatka, FL

Apr 16 – Lakeside Community Bank, Sterling Heights, MI

Apr 9 – Beach First National Bank, Myrtle Beach, SC

Mar 26 – Desert Hills Bank, Phoenix, AZ

Mar 26 – Unity National Bank, Cartersville, GA

Mar 26 – Key West Bank, Key West, FL

Mar 26 – McIntosh Commercial Bank, Carrollton, GA

Mar 19 – State Bank of Aurora, Aurora, MN

Mar 19 – First Lowndes Bank, Fort Deposit, AL

Mar 19 – Bank of Hiawassee, Hiawassee, GA

Mar 19 – Appalachian Community Bank, Ellijay, GA

Mar 19 – Advanta Bank Corp., Draper, UT

Mar 19 – Century Security Bank, Duluth, GA

Mar 19 – American National Bank, Parma, OH

Mar 12 – Statewide Bank, Covington, LA

Mar 12 – Old Southern Bank, Orlando, FL

Mar 12 – The Park Avenue Bank, New York, NY

Mar 11 – Liberty Pointe Bank, New York, NY

Mar 5 – Centennial Bank, Ogden, UT

Mar 5 – Waterfield Bank, Germantown, MD

Mar 5 – Bank of Illinois, Normal IL

Mar 5 –  Sun American Bank, Boca Raton, FL

Feb 26 – Ranier Pacific Bank, Tacoma, WA

Feb 26 – Carson River Community Bank, Carson City, NV

Feb 19 – La Jolla Bank, FSB, La Jolla, CA

Feb 19 – George Washington Savings Bank, Orland Park, IL

Feb 19 – The La Coste National Bank, La Coste, TX

Feb 19 – Marco Community Bank, Marco Island, FL

Feb 05 – 1st American State Bank of Minnesota, Hancock, MN

Jan 29 – American Marine Bank, Bainbridge Island, WA

Jan 29 – First Regional Bank, Los Angeles, CA

Jan 29 – Community Bank & Trust, Cornelia, GA

Jan 29 – Marshall Bank, National Association, Hallock, MN

Jan 29 – Florida Community Bank, Immokalee, FL

Jan 29 – First National Bank of Georgia, Carrollton, GA

Jan 22 – Columbia River Bank, The Dalles, OR

Jan 22 – Evergreen Bank, Seattle, WA

Jan 22 – Charter Bank, Santa Fe, NM

Jan 22 – Bank of Leeton, Leeton, MO

Jan 22 – Premier American Bank, Miami, FL

Jan 15 – Barnes Banking Company, Kaysville, UT

Jan 15 – St. Stephen State Bank, St. Stephen, MN

Jan 15 – Town Community Bank and Trust, Antioch, IL

Jan 08 – Horizon Bank, Bellingham, WA


Dec 18 –First Federal Bank of California, F.S.B., Santa Monica, CA

Dec 18 – Imperial Capital Bank, La Jolla, CA

Dec 18 – Independent Bankers’ Bank, Springfield, IL

Dec 18 – New South Federal Savings Bank, Irondale, AL

Dec 18 – Citizens State Bank, New Baltimore, MI

Dec 18 – People’s First Community Banks, Panama City, FL

Dec 18 – RockBridge Commercial Bank, Atlanta, GA

Dec 11 – Solutions Bank, Overland Park, KS

Dec 11 –Valley Capital Bank, N.A., Mesa, AZ

Dec 11 – Republic Federal Bank, N.A., Miami, FL

Dec 04 – Greater Atlantic Bank, Reston, VA

Dec 04 – Benchmark Bank, Aurora, IL

Dec 04 – AmTrust Bank, Cleveland, OH

Dec 04 – The Tattnall Bank, Reidsville, GA

Dec 04 – First Security National Bank, Norcross, GA

Dec 04 – The Buckhead Community Bank, Atlanta, GA

Nov 20   Commerce Bank of Southwest Florida, Fort Myers, FL

Nov 13 – Pacific Coast National Bank, San Clemente, CA

Nov 13 – Orion Bank, Naples, FL

Nov 13 – Century Bank, F.S.B., Sarasota, FL

Nov 06 – United Commercial Bank, San Francisco, CA

Nov 06 – Gateway Bank of St. Louis, St. Louis, MO

Nov 06 – Prosperan Bank, Oakdale, MN

Nov 06 – Home Federal Savings Bank, Detroit, MI

Nov 06 – United Security Bank, Sparta, GA

Oct 30- North Houston Bank, Houston, TX

Oct 30- Madisonville Bank, Madisonville,  TX

Oct 30- Citizens National Bank, Teague, TX

Oct 30- Park National Bank, Chicago, IL

Oct 30- Pacific National Bank, San Francisco, CA

Oct 30- California National Bank, Los Angeles, CA

Oct 30- San Diego National Bank, San Diego, CA

Oct 30- Community Bank of Lemont, Lemont, IL

Oct 30- Bank USA, N.A., Phoenix, AZ

Oct 23- First DuPage Bank, Westmont, IL

Oct 23- Riverview Community Bank, Otsego, MN

Oct 23- Bank of Elmwood, Racine, WI

Oct 23- Flagship National Bank, Bradenton, FL

Oct 23- Hillcrest Bank Florida, Naples, FL

Oct 23- American United Bank, Lawrenceville, GA

Oct 23- Partners Bank, Naples, FL

Oct 16- San Joaquin Bank, Bakersfield,  CA

Oct 02- Southern Colorado Bank, Pueblo, CO

Oct 02- Jennings State Bank, Spring Grove, MN

Oct 02- Warren Bank, Warren, MI

Sept 25- Georgian Bank, Atlanta, GA

Sept 18- Irwin Union Bank F.S.B.,  Louisville, KY

Sept 18- Irwin Union Bank and Trust Company, Columbus, IN

Sept 11- Venture Bank, Lacey, WA

Sept 11- Brickwell  Community Bank, Woodbury, MN

Sept 11- Corus Bank,  N.A., Chicago, IL

Sept 04- First State Bank, Flagstaff, AZ

Sept 04- Platinum Community Bank, Rolling Meadows, IL

Sept 04- Vantus Bank, Sioux City, IA

Sept 04- InBank, Oak Forest, IL

Sept 04-  First Bank of Kansas City, Kansas City, MO

Aug 28- Affinity Bank, Ventura, CA

Aug 28- Mainstreet Bank, Forest Lake, MN

Aug 28- Bradford Bank, Baltimore, MD

Aug 21- Guaranty Bank, Austin, TX

Aug 21- CapitalSouth Bank, Birmingham, AL

Aug 21- First Coweta Bank, Newnan, GA

Aug 21- ebank, Atlanta, GA

Aug 14- Community Bank of Nevada, Las Vegas, NV

Aug 14- Community Bank of Arizona, Phoenix, AZ

Aug 14- Union Bank, National Association, Gilbert, AZ

Aug 14- Colonial Bank, Montgomery, AL

Aug 14 –Dwelling House Savings and  Loan, Pittsburgh, PA

Aug 07 –Community First Bank, Prineville, OR

Aug 07 –Community National Bank of Sarasota County, Venice, FL

Aug 07 –First State Bank, Sarasota, FL

July 31 –Mutual Bank, Harvey, IL

July 31 –First BankAmericano, Elizabeth, NJ

July 31 –Peoples Community Bank, West Chester, OH

July 31 –Integrity Bank, Jupiter, FL

July 31 – First State Bank of Altus, Altus, OK

July 24 –Security Bank of Jones County-Gray,GA

July 24 –Security Bank of Houston County, Perry, GA

July 24 –Security Bank of Bibb County- Macon, GA

July 24 –Security Bank of North Metro- Woodstock, GA

July 24 – Security Bank of North Fulton-Alpharetta, GA

July 24 – Security Bank of Gwinnet County-Suwanee,GA

July 24 – Waterford Village Bank-Williamsville,NY

July 17 – Temecula Valley Bank-Temacula,CA

July 17 – Vineyard Bank, National Association-Rancho Cucamonga,CA

July 17 – BANKFIRST-Sioux  Falls,SD

July 17 – First  Piedmont Bank-Winder,GA

July 10 – Bank of Wyoming-Thermopolis,WY

July 02 – Founders Bank-Worth,IL

July 02 –  Millenium State Bank of Texas-Dallas,TX

July 02 – First National Bank of Danville-Danville,  IL

July 02 – Elizabeth State Bank-Elizabeth, IL

July 02 – Rock River Bank-Oregon, IL

July 02 – First State Bank of Winchester-Winchester, IL

July 02 – The John Warner Bank-Clinton, IL

June 26 – Mirae Bank-Los Angeles, CA

June 26 – MetroPacific Bank-Irvine, CA

June 26 – Horizon Bank-Pine City, MN

June 26 – Neighborhood Community Bank, Newnan, GA

June 26 – Community Bank of West Georgia-Villa Rica, GA

June 19 – First National Bank of Anthony-Anthony, KS

June 19 – Cooperative Bank-Wilminton, NC

June 19 – Southern Community Bank-Fayetteville, GA

June 05 –  Bank of Lincolnwood-Lincolnwood, Il

May 22-  Citizens National  Bank-Macomb, IL *

May 22-  Strategic Capital Bank-Champaign, IL *

May 21-  Bank United, FSB-Coral Gables, FL *

May 08- Westsound Bank-Bremerton, WA *

May 01- American West Bank-Layton, UT

May 01- Citizens Community Bank-Ridgewood, NJ

May 01- Silverton Bank, N.A.-Atlanta, GA

Apr 24- First Bank of Idaho-Ketchum, ID

Apr 24- First Bank of Beverly Hills-Calabasas, CA

Apr 24- Michigan Heritage Bank-Farmington Hills, MI

Apr 24- American Southern Bank-Kennesaw,GA

Apr 17-  Great Basin Bank of Nevada-Elko, NV

Apr 17- American Sterling Bank-Sugar Creek, MO

Apr 10- New Frontier Bank, Greeley, CO

Apr 10- Cape Fear Bank-Wilminton, NC

Mar 27- Omni National Bank-Atlanta, GA

Mar 20- Team Bank N.A.-Paola, KS

Mar 20-  Colorado National Bank-Colorado Springs, CO

Mar 20-  First City Bank-Stockbridge, GA

Mar 06- Freedom Bank of Georgia-Commerce, GA

Feb 27- Security Savings Bank-Henderson, NV

Feb 27- Heritage Community Bank-Glenwood, Ill

Feb 13 – Pinnacle Bank of Oregon-Beaverton, OR

Feb13-   Cornbelt Bank and Trust Co. – Pittsfield, Ill

Feb 13-  Riverside Bank of Gulf Coast – Cape Coral, FLA

Feb 13 – Sherman County Bank- Loup City, NEB

Feb 6 –   County Bank – Merced, CA

Feb 6 –   Alliance Bank-Culver City CA

Feb 6 –   FirstBank Financial Services -McDonough, GA

Jan 30 –Ocala National Bank – Ocala, FLA

Jan 30 – Suburban Federal Savings Bank – Crofton, MD

Jan 30 – Magnet Bank – Salt Lake City, UT

Jan 23 – First Centennial Bank – Redlands, CA

Jan 16 – Bank Of Clark County – Vancouver, WA

Jan 16 – National Bank of Commerce – Berkeley, ILL


Dec 12 –  Sanderson State  Bank – Sanderson, TX

Dec 12 –  Haven Trust Bank – Duluth, GA

Dec 5       First Georgia Community Bank – Jackson, GA

Nov 21 – PFF Bank and Trust – Pomona, CA

Nov 21 – Downey Savings and Loan Association, F.A – Newport Beach, CA

Nov 21 – Community Bank- Loganville, GA

Nov 7 –   Security Pacific Bank, Los Angeles, CA

Nov 7 –   Franklin Bank, SSB – Houston, TX

Oct 31 –   Freedom Bank- Bradenton, FLA

Oct 24 –   Alpha Bank and Trust – Alpharetta, GA

Oct 10 –   Meridian Bank-Eldred, ILL

Oct 10 –   Main Street Bank – Northville, MI

Sept 25 –  Washington Mutual Bank-Henderson, NV and Park City, UT

Sept 19 –  Ameribank-Northfork, WV

Sept 5 –    Silver State Bank-Henderson, NV

Aug 29 –  Integrity Bank-Alpharetta, GA

Aug 22 –  Columbia Bank and Trust-Topeka, KAN

Aug 1 –     First Priority Bank-Bradenton, FLA

Jul  25 –   First Heritage Bank, N.A-Newport Beach, CA

Jul 25 –    First National Bank of Nevada-Reno, NV

Jul 11 –    IndyMac Bank – Pasadena, CA

May 30 – First Integrity Bank, NA-Naples, FLA

May 9  –  ANB  Financial, NA, Bentonville, AZ

Mar 2 –   Hume Bank-Hume, MO

Jan 25 – Douglass National Bank-Kansas City, MO

Only 610,000 people filed for unemployment last week. Things must be better.

unemploymentThe word is, only 610,000 people filed for unemployment last week (a holiday week). That’s a drop from previous weeks. 

Let’s all go out and buy a car.

Of course, let’s face it, the number would almost have to go down at this point, simply because there are fewer people left out there who are actually employed so that they can be layed off.

Then there’s that pesky news about home forclosures that are on a serious rise, since that temporary Presidential AKA “Bandaid” moratorium on foreclosures expired on March 31.  Nothing like putting off the inevitable, eh? The bandaid fell off, look for the scabs brought to you by the same Wall Street industry that took hundreds of billions from your children and grandchildren, and then doubled your credit card rates in mid-stream– and got away with it. Boy those political contibutions to Congress sure must be rolling in, because Congress is making sure they drag their feet on stopping those credit card interest rate increases.  But don’t worry, just as soon as everybody’s credit scores are trashed and just as soon as all the interest rates are at the Loan Shark level, Congress will be outraged.  Why….they will have had NO idea this was happening! If they had only known!

Like I said, Don’t Worry!

Really, be patient. It’s all just simple math. Using Government statistical methods, just as soon as unemployment reaches 100%  and everyone has collected his or her last unemployment check, everything will level off , and the official unemployment rate will be zero.

Everything is under control folks. Fed Bagmen Tim and Ben are on the job.  They are going to arrange to give another hundred billion to launder to your bank as a reward for raising your interest rates– and everything well be just fine. And the Global Warming people are On The Job. They will save the earth. Too bad nobody living in it will live to see it, but hey, small price to pay, right?

Don’t worry! Be happy!

Had a Chase card for a few decades? Never missed a payment? Have great credit? Then you are a toxic asset

Welcome to what Daily Puma calls Soiled Green.


Soiled Green is the act of banks trying to SOIL your credit rating by increasing your monthly minimum payment 250%. When you can’t afford this 250% increase ( 600 dollars a month for some customers) the banks then report your Toxicness to the credit bureaus and then charge you obscenely higher interest rates on the very same debt you previously had been paying down for years, on time.

There’s more.

Plus, ALL OF YOUR OTHER DEBTS will most likely get hit with much higher interest rates as well. Only then will Wall Street Be Happy because it means these robber baron banks have created more profit.. At this point, you become a frightened worker bee whose only mission is to try and pay bills, nothing else matters nor do you care to get involved or protest basically illegal credit card actions out of fear you will fall further behind with your bills

moneyhappiness_vl-vertical1And in Congress, the Band Plays On.

America, Wall Street and Congress are screwing you so badly, it is time to take matters into your own hands. These people are starting to look like bedfellows. Either that or everyone in Congress is inept. You pick.

Our Congress looks the other way every single day while you get screwed.  All those contributions to their election buckets have turned them against you. They are not protecting you from these sharks.

capone_alIf you have stellar credit, you are being screwed.

They are deliberately trashing your credit rating, and your Congress doesn’t give a rat’s ass.  Neither does the White House. This is starting to look like one big party.

As I mentioned before, I’ve had a 5 % Capital One card for nearly two decades and got a letter saying they would arbitrarily raise my rate to 11% in April. I called and protested and they offered me an “Opt out” that would keep my rate but freeze my card.  This was a deliberate effort to shitcan my FICO score. I refused and told them I would just keep their card for spite and never use it again till they returned my original rate. They decided to let me keep my rate for awhile. Then they had the AUDACITY to remind me to use the card and take advantage of their great rate! I will never use their card, I don’t care if they put it down to 1%. Just for spite.

Do you realize what these pigs are doing while Congress hums along? Your credit score can influence a whole boatload of things. Your car and home insurance premium for starters.  If these racketeers continue to go unchecked, Corporations everywhere will profit and you will lose! They will have the benefit of a responsible payer as a customer with the added benefit of a nice high interest rate!

America, you are being shafted. Not just by Tim Geithner, Goldman Sachs and  International Bankers, but by your own elected officials. They are letting this happen and doing NOTHING about it. If they can fire CEOs they can protect you. But they don’t. What part of this is hard to understand?

There is a shakedown going on here! They are deliberately trashing good credit scores so that they can rape the wallets of ALL Americans.

You are going to have to fend for yourself, because sooner or later, this is going to affect YOUR wallet.

Go here to see what other fed-up Americans are doing. And while you are there, read what some other banks like Citbank and AMEX are up to. Sooner or later, you are going to be raped.

I am more convinced every day that this is deliberate wallet rape. Don’t be silent! Cramp your credit card company’s phone lines with complaints.  If they announce that they are changing your rate, pay off cards if you can and then tell them in person that you will never use their card until they re-instate your original agreement. Do not cancel the card! Make them do the work it takes for you to keep it!  They deserve to have thousands upon thousands of unused registered cards that give these pigs nothing but an echo.

If you can’t pay off your card, go to your Congress Rep’s web site and tell him or her to start paying attention to their constituents instead of greedy international bankers who write them campaign checks. Don’t email them just once. Do it every day and get as many people as you can to do it every day. Jam their email servers. Tell them you vote and that they will NEVER get your vote unless and until they put a complete stop to the harassment of Americans by the credit card companies.  Tell him or her that you are sick of hearing congress say they care and you expect Congress to prove it! It’s time that voters harass them in the way these banks, that have gouged the treasury have the audacity to harass us.

Incidentally, just in case you don’t think this is deliberately contagious,  Bank of America has just announced that they too are going to gouge the hand that kept them alive. They are also raising rates on anyone with a balance, and particularly on anyone who has less than a ten percent interest rate, regardless of your credit rating.

The Federal Reserve and other bank regulators passed rules in December that would limit banks’ ability to raise credit-card interest rates. But that doesn’t start until July 2010.

Now, Congress is considering separate bills that would impose stronger restrictions on banks much sooner. Last week, the Senate Banking Committee approved its version of the legislation, which is waiting for a full Senate vote. A House subcommittee passed similar legislation last week.

Thataway Congress! Jerk around and play with yourselves, while your banking buddies do all their damage to Americans first. You know, give em that time to crank up those rates and get your campaign contribution, wink wink. You hypocritcal bastards!

Dead on the pavement with your PUMA

ob-dl221_segway_d_20090407005950Well would you look at the Piece of Crap GM hopes to put on the road? A death trap named PUMA, of all things.

How come Ralph Nader doesn’t spend more time doing what he was actually good at instead of  running for President? There was a time when Ole Ralph would have had a stroke if he saw something like this rolling off an assembly line. This baby makes the Pinto look like an armoured tank and the Corvair look front-heavy.

One would almost have to put a call in to the Scooter Store  800 number to match this. Actually, the Scooter Store is a better deal  because they have figured out a way to bilk Medicare for their wheels. “It didn’t cost me a thing!”.

Looks for sure like something Congressional Motors would design.

I envision the guy in this photo murmuring, “Dear Jesus. Please don’t let anyone back up.”.

Now I ask you, why bother paying for a “vehicle” such as this when you can just lie in the middle of the street during rush hour and become road pizza for free? Then they could just roll you up and cart you off, and your carbon footprint would be really small,  let me tell you.

Who in his right mind without a Death Wish would expose himself to traffic while moving at 35MPH in this thing? My dog is bigger than this “vehicle”. This would also go over really well in a North East winter, don’t you think? I bet they come out with a little plow attachment (optional).

No wonder GM is circling the drain.

General Motors Corp. is teaming with Segway Inc., maker of the upright, self-balancing scooters, to build a new type of two-wheeled vehicle designed to move easily through congested urban streets.

Yes, I would say one could move very easily in this thing.  Stuck to the grill of an SUV.

According to GM, though, this thing will be smart enough to move out of the way of 4×4’s. Of course,  we won’t know whether or not that idea is defective until the April Consumer Reports Auto Issue comes out in the following year. As I fondly remember my last GM car, the one whose heated windshield shattered like a spider’s web on the first day of winter, the one whose electronic suspension sunk to the ground, and the one whose heated seats began to smoke,  it’s pretty safe to say that there will be plenty of road kill before that ‘smart feature’ is debugged in the field.

The Project P.U.M.A. (Personal Urban Mobility and Accessibility) prototype is shown in Brooklyn April 4. GM and Segway say the vehicle could allow people to travel around cities more quickly, safely, quietly and cleanly, and at a lower total cost.

God. They named this POS after PUMAs.

The Segway Personal Transporter was launched with considerable hype eight years ago but practical issues prevented the scooter from becoming a mass-market product, including its relatively high cost and restrictions on its use in many jurisdictions.

I don’t suppose the thought that nobody in his or her right mind would allow a loved one to enter traffic in that thing had anything to do with it, did it?

The struggling auto maker, surviving on a government lifeline, is looking to generate enthusiasm for its increasingly uncertain future ahead of the New York auto show this week.

Generate enthusiasm. Oh yeah. This will do it. I’m rolling my eyes here.

Produce this vehicle, GM, and your future will definitely be certain. Your future non-existence, that is.

GM didn’t say how much the machines would cost,

Whatever the price is, it’s too much.


“Dem  newfangled  environmentally friendly GM machines must be biodegradable,  Claude.  I hear they never found his.”

**Thanks for the link, DE. I think.

…And the results of the “Probe” of the Postmaster General’s ludicrous salary and bonuses are….what again?

Back in February,  I mentioned here that Congress promised to probe the financial party the Postmaster General, John “Jack” Potter,  has been having while the Post Office is in horrendous debt under his failed leadership. The guy has received a 40% pay increase since 2006 and hundreds of thousands of dollars in “bonuses” for the shitty job he has done– for a total take of $800,000 in 2008.

We had to read tripe about how the guy is like a “CEO” and you can’t retain good CEOs without good bonuses–while the rest of us wondered exactly who would hire this guy in the private sector as a CEO when all he has done consistently is lose money, thwart growth with the times, add layers of useless management, fatten his own wallet and raise rates.

Oh and he did one more thing. He removed stamp machines from lobbies throughout the country. Rather than repair the machines, which would benefit the customer, they chose to remove one more convenience.  That way, you can give up your lunch hour standing in line behind a rope waiting your turn, while one guy behind the counter works at a snail’s pace and the rest of the counter workers are taking their lunch hours.

As a result of being exposed, Congress promised to probe this thief with respect to the salary and bonuses that Congress approved to begin with. That’s our Congress for you. That promise came in February. In my post, I promised I would follow up on this issue. So I am following up.

The results of this promised probe are:  I don’t know. As far as I can see, no real  “probe” ever occurred or if  it did occur , Mr. Potter is just as fat and happy as he was before the probe.

In the meantime, a month after Congress promised to probe the salary and bonuses that they gave him, Postmaster General Potter did indeed talk to Congress on March 25, but it looks to me like he’s doing the probing….of the taxpayer’s wallet. He told them that he needs help saving the Post Office.

WASHINGTON — The post office will run out of money this year unless it gets help, Postmaster General John Potter told Congress on Wednesday as he sought permission to cut delivery to five days a week.

“We are facing losses of historic proportion. Our situation is critical,” Potter told a House panel.

The agency lost $2.8 billion last year and is looking at much larger losses this year. Reducing mail delivery from six days to five days a week could save $3.5 billion annually, Potter said.

Potter also urged changes in how the post office pre-pays for retiree health care to cut its annual costs by $2 billion.

If the Postal Service does run out of money, the lingering question, Potter told the House Oversight post office subcommittee, is which bills will be paid and which will not. Ensuring the payment of workers’ salaries comes first, he said, but other bills may have to wait.

 You can see where this is going, right?

“With the Postal Service facing budget shortfalls, the subcommittee will consider a number of options to restore financial stability and examine ways for the Postal Service to continue to operate without cutting services,” subcommittee chairman Stephen F. Lynch, D-Mass., said.

Lynch said the financial stability of the Postal Service is “critical to the American expectation of affordable six-day mail delivery.”

Even if the agency succeeds in reaching its planned cost cuts of $5.9 billion, there could still be a $6 billion deficit in 2010, Potter said.

“Without a change we will exhaust our cash resources,” he said. “We can no longer afford business as usual.”

Asked if layoffs would occur, Potter said it is possible but he hopes avoidable.

Last week, the post office said it planned to offer early retirement to 150,000 workers

Congress, of course, offered to do what they do best: Throw some good taxpayer money after bad.

Blair also noted that Congress could consider appropriating money to help the post office. The agency does not receive a taxpayer subsidy for its operations, although Congress does subsidize overseas voting and free mail for the blind.

Oh super.

81775-004-1fea2d71As for Mr. Potter’s field day:  Kabuki took the place of “Probing”:

Lawmakers also raised questions regarding recent news reports that Potter is paid as much as $800,000 a year. That is not correct, Potter said. He said his salary, set by Congress, is $263,575. He said the news reports were counting his retirement fund, the cost of his security detail and a $135,000 bonus that would be paid over 10 years after he retires.

The bonus is based on improved delivery rates and customer satisfaction, he said. Under the current financial conditions, Potter said, he would not be eligible for a bonus this year.

Right.  I guess that makes it okay. That’s some retirement fund for a guy who is tanking the Post Office and claims a $6 billion deficit, wouldn’t you say?  I guess that was the “probe”. Looks more like the Post Office probed Congress. And Congress figured you are dumb enough to have forgotten all about Mr. Potter anyhow.

In other words, Mr. Potter’s Post Office Lottery win stands.  In the Real World, all of us would  get six-figure bonuses (and call them something else)  when we tank the company and announce that the company is running out of money and has a $6 billion deficit, wouldn’t we?  It also seems that Mr. Potter’s “Retirement Fund” is doing a whole lot better than yours is. Yours went into the crapper months ago. But Mr. Potter is Government and you are his captive customer. He’s doing just fine. Everybody in Government is doing just fine. Just as soon as we all work for the Government, things will be just fine.

I would like to take a little survey myself:  If you have been ‘surveyed’  for ” customer satisfaction” by the Post Office, please tell me. I don’t know a single soul who was surveyed, do you?

And what’s with the “Improved rates”? Far as I can see, all the rates ever do is go up. They are going up yet again in May.

As for Customer Satisfaction, all I know is I received some old man’s pills in the mail last summer and had to call him up since they would have rotted if I left them in the mailbox for the post man to re-deliver the next day. Someone else  four roads to the West received my bank statement and my dividend check, and returned both to me — opened. I’m still waiting for a package I mailed to Hawaii two years ago to arrive, and a priority mail package I mailed out showed up in the computer as having been delivered two months later at a date that hadn’t arrived yet.  In my neighborhood, people are constantly exchanging mail with one another.  I can no longer get stamps at at a post office unless I stand in line during their business hours. The stamp machines have been removed.  They switch carriers so often that the carriers never even learn the routes before they are rotated.  The summer hires look 12 years old. Nobody surveyed me regarding my satisfaction.

And the union weighed in during this “probe” as well. They are government too, so they are doing just fine, unlike you.

William Young, president of the National Association of Letter Carriers, stressed in his testimony that the agency is not seeking a taxpayer bailout, “but we are here to ask the Congress for help.”

“At this moment, the survival of the Postal Service — a venerable institution that is literally older than our country — hangs in the balance,” Young added

And that means what again? If you aren’t asking for a bailout, what exactly are you asking for? When a Postmaster says he can lay off 150,000 postal workers and not put a chink in the routine, do you kind of get the idea that maybe there are too many people working for the Post Office? Exactly how many Supervisors and negotiated narrow job descriptions are there in this pecking order?

I think I know exactly the kind of help they all need.

It’s called Competition.

I’m sure UPS would love to get into the letter carrying business. They have certainly eaten the post office’s lunch in the package delivery department.

Then  Mr. Potter could go try to get a job as a “CEO” someplace else in the Real World, and see how well that works out for him. Let’s see of UPS or FEDEX  would hire him, given his stellar reputation forrecord-breaking deficits.

Say,  I know! Let’s put Mr. Potter in charge of the Auto Warranty Program. In the meantime, I’ll bet his salary and bonuses for 2009 will be just as savory as they were in 2008. They just won’t call it a “Bonus” this time.  End of “Probe”.

Americans are so screwed.

Ok everybody, back to American Idol. Don’t worry about a thing.