Democrat Financial Logic Bombs

Come on, boys and girls, what did you expect to ensue from turning over the country lock, stock, and pink slip to the architects of the first one?  Responsibility?  Prudence?  Frugality?  Piffle, those are the traits of the pure-strain Nazi.  The opposite end of time's rainbow from the....progressive.  Get used to more financial meltdowns, until everything is debris swept into Red Barry's nationalization dumpster.

Panics: They're not a bug, they're a feature:

You see how the process works?  Democrats abuse the Community Reinvestment Act and a barrage of extortionistic lawsuits in the late '90s to fascistically force mortgage lenders, banks, and financial institutions to become de facto welfare agencies with the mission of making home ownership an entitlement.  With the easy money cooperation of the Greenspan and Bernacke Feds, the result is a speculative bubble that is guaranteed to burst precisely because there was no sound collateral or security interests in the avalanche of overpriced homes and other consumer goods financed by all this wastepaper.  When it does in September 2008 - right on schedule for Barack Obama's presidential ambitions, some would argue - the next step is government swooping in to communistically "bail out" (i.e. seize) mortgage lenders, banks, and financial institutions (not all of them - yet....) to become de jure welfare agencies (i.e. Fannie and Freddie) with the exact same continuing mission of reinflating that bubble so that it can burst again, leading to more "bailouts" (i.e. nationalizations) and another bubble and more bailouts, ad nauseum until there is no private financial sector left.

Maybe this would be better characterized as Democrat Financial Logic Machine Gun Fire.

Either way, it's been enshrined in the (I can't believe I'm actually typing this) Dodd-Frank financial "reform" bill, which is also designed to destroy banks that The One decides are "small enough to fail":

The AP focuses on the impact of the big banks, but to a certain extent, they have a competitive advantage.  Not only do they have a better economy of scale, at least some of the burden from the new regulations will be static rather than dynamic.  That means the costs will hit smaller banks and financial institutions harder, which will force them to raise prices higher than their larger competitors.  Eventually that will erode their competitive position and push more consumers into fewer institutions, which makes the entire system more vulnerable to a single point of failure. ...

Consumers may not pay the entire price, however, at least not directly.  If you like your local branch, better get used to the idea that it may disappear.  With billions of dollars in new costs landing with a thud on their balance sheets, we can expect to see branches close up entirely — and the jobs that exist disappear along with them.

Think about that the next time you see new fees on your bank statement and feel tempted to bitch about them.  Remember, it was Senator Countrywide and Chairman Lollipop who put them there.  They're guarandamnteed counting on you to blame your bank instead.

But this - THIS - is the punchline your blood pressure has been waiting for:

Before the substance of this dirty, filthy, arrogant, corrupt rump ranger, I have to dispense with the visceral loathing and rage that his very existence stirs up within me.  Fortunately, I have discovered a safety valve when I need that kind of release.  Thank you, Eddiebear, you have truly found your calling.

Now, then.  In November, this cocksucker (hey, just being factual here) is gonna have his gavel taken away from him.  But that's not enough.  He should be....no, blast it, EB is supposed to sate those unpleasant thoughts.

Skipping ahead, I'd be graciously willing to settle for Frank and Dodd both being put behind bars for the rest of their miserable lives for their numerous and sundry crimes.  And I don't mean any minimum security Club Fed with martinis and tee times (or Gitmo either, for that matter).  I'm talking maximum security penitentiaries where intra-prisoner violence is the rule and you learn never to drop the soap.  Which, I guess, wouldn't bother Frank any but could be very unpleasant for a piece of fresh, blubbery white meat like Countrywide.

I vent all of the above because of the infuriating....logic of Frank's rant.  The FinReg disaster is designed, in part, to drive small community banks out of business, either via bankruptcy or by acquisition by larger (i.e. state-owned) banks.  Now why are smaller financial institutions generally in better shape than their "too big to fail" cousins?  Because they haven't expunged the term "risk management" from their professional vocabularies.  But here Frank claims that this is a bad thing, AND COMES FROM OVERREGULATION.  And then he actually says - ACTUALLY SAYS - that what needs to be done is for the government to nationalize SMALL banks as well in order to force them to - help me, Eddiebear - write the same bad loans that laid waste to the formerly free big financial players and got them absorbed into the Obamunist portfolio.

And his culprit for these multiple acts of mass financial and economic destruction?  The Republicans, of course.

Believe me, ladies and gentlemen, when I tell you that no sex I could possibly have on November 2nd, 2010 could remotely compare with the sheer, unadulterated, volcanic orgasmatronic joy that will cycle endlessly throughout my body, mind, and very soul at the tsunamic beating these filthbags are going to take - until beginning in January, when the new majority starts repealing this insanity, one atrocity at a time, and keeps Red Barry on the run.

Because there is no other choice.

And besides, I may pump my arms right off'n my shoulders.