Posts Tagged ‘North Carolina’

“The South Will Fall Again”

There is something inherently wrong in the South.

And it’s not the slow southern living, or the laziness in their southern drawl, or the languid summer days. And it isn’t the sweet, enticing taste of Southern Comfort, or Sloe Gin Fizzes!

Many in the southern states still have a sordid belief that the South will rise again — believe there’s something noble in that. But there would be nothing grand about returning to the ideals or bigotry that permeates southern thinking, dulls the senses and numbs the brain.

So, what’s wrong with the South?

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“Right-Wing Wars”

This article was posted on The Huffington Post July 24th. Click on link to view on Huff Post.

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Republicans are engaged in a domestic war.

On the national level and in state legislature after state legislature rights and freedoms are being usurped by right-wing zealots who falsely invoke the Constitution and Christianity.

For a party that claims a strong desire for limited government and personal freedom, Republicans’ inject themselves into the lives of others with complete disregard for their well-being or right to personal freedoms.

Are Republicans’ inherently hypocrites?

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”Georgia Still Leading In Foreclosures!”

The FDIC closed four banks on Friday; another in the state of Georgia.

Georgia lost it’s 53rd bank on Friday as the devastation of the Georgia banking system continues unabated. The 52nd Georgian bank was closed just last week.

No buyer was found for Enterprise Banking Company in McDonough so the FDIC closed the bank and created the Deposit Insurance National Bank of McDonough to allow customers access to their insured deposits.

Customers will receive all of their insured funds from the DINB. This allows depositors continuing access to their accounts during the transition.

Enterprise is estimated to cost the Deposit Insurance Fund $39.6 million.

The Carolinas’ each lost a bank last Friday and the fourth take-over was United Western Bank in Denver, Colorado. Neither Colorado nor North Carolina lost banks in 2010 and prior to Friday had only lost three and two respectively since the crisis began back in 2008. South Carolina has now lost five during the crisis.

United Western was the 7th foreclosure this year and the 329th since January, 2008. There were 9 foreclosures at this time last year. It was the largest of the four banks and will cost the DIF $312.8 million of the $454.9 million hit to the Fund this week.

The loss-share story continued with agreements between the FDIC and the three assuming banks totaling nearly $1.5 billion with the Denver agreement over $1.1 billion of that total.

The 2011 foreclosures are on track with last year which had 157 banks seized by the FDIC, 17 more than 2009.

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