Posts Tagged ‘Virginia’

“A Sinkhole In Virginia!”

GOP leadership takes a huge hit!

Political history was made in Virginia on Tuesday night during Virginia’s Primary. But it wasn’t the historical event Republicans could get excited about.

When incumbent Eric Cantor lost his seat in the House of Representatives last night, there was no celebration, there were no streamers, and no fireworks. There was no exultation and no cheerful acceptance speech.

Only remorse and somberness!

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Posted in Congress, Election 2014, Republican Hopefuls, Republicans, Tea Party | Comments Off

“The Ugly States of the Union”

Each year we get an assessment of the nation’s health.

That comes from the President in the State of the Union address delivered to the whole nation in front of both houses of Congress. And, whether you like it or not, it’s the President’s view of how we’re doing as a nation.

And, though our nation is slowly recovering from the worst financial crisis since the Great Depression, there are some big problems in this country that we, as a nation, need to address.

These huge problems are originating at the state level.

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Posted in Politics, Republicans, States, UnAmerican | Comments Off

“Bank of the Commonwealth Closes In Virginia”

Cantor’s state loses its second bank this year!

The Bank of the Commonwealth, Norfolk, Virginia was closed by the FDIC on Friday. It was only the second bank closed in Virginia this year and the 72nd bank closed in 2011.

But, the Virginia bank will cost the Deposit Insurance Fund (DIF) $268.3 million. And, the FDIC entered into a loss-share agreement with Southern Bank and Trust, the acquiring bank, of $798.2 million dollars.

Only 12 banks have been seized in August and so far in September, but there is one week left in the month.

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Posted in FDIC Foreclosures | Comments Off