Roenblog:

Lehman Update

Posted in Misc by Roenblog on the October 6th, 2008

THE LIES BIDEN TOLD

Posted in Misc by Roenblog on the October 4th, 2008

For all the focus on Sarah Palin’s graceful performance in Thursday’s vice presidential showdown, a more significant spectacle was taking place behind the other rostrum.

That’s where Joe Biden, speaking with the pompus self-importance befitting his 36 years in the Senate, told one baffling fib after another.

Some, of course, were just Biden being Biden. He smeared Dick Cheney as “the most dangerous vice president we’ve had probably in American history.”

To which we must take specific offense: After all, the founder of this newspaper, Alexander Hamilton, was killed in a duel by then-Vice President Aaron Burr. (Certainly Burr was a better shot than Cheney.)

But that’s a matter of opinion.

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Nothing’s the Matter With Kansas

Posted in Misc by Roenblog on the October 4th, 2008

Here in the heart of Kansas, the sky isn’t falling and Chicken Little isn’t running around without a head. Community banks like mine are still making loans and serving the needs of customers.

I used to worry about competing in the world of mega “too-big-to-fail” banks. But now I know community banks offer something the monsters can never offer — real personal service. Many financial-type businesses say they offer the same thing, but they usually don’t list personal numbers in the phone book and probably aren’t driving the volunteer fire truck. My father always told me that character repaid many more debts than collateral ever would. Community banks form long-term relationships with customers.

During the farm crisis of the 1980s the over-line credits we had placed with the city correspondent banks were called. A community bank used to rely on participating loans with large metro banks. For example, if my bank had a regulatory loan limit of a million dollars and I made a two million dollar loan, I would “sell” the over-line to a large bank. These large banks suddenly suspended and called all rural credits. This is probably similar to what is happening to borrowers who use super-large banks in today’s panic environment. There was nothing wrong with these loans but every small bank suffered from this irrational wrath.

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Presented without comment…

Posted in Misc by Roenblog on the October 4th, 2008

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And the Nay Votes!

Posted in Misc by Roenblog on the October 4th, 2008

The house passed HR 1424 (on the second attempt). Nice job guys. I wanted to point out the nays. BOOOOOO!

Aderholt
Akin
Altmire
Bachmann
Barrow
Bartlett (MD)
Barton (TX)
Becerra
Bilbray
Bilirakis
Bishop (UT)
Blackburn
Blumenauer
Boyda (KS)
Broun (GA)
Brown-Waite, Ginny
Burgess
Burton (IN)
Butterfield

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You all know what I think of Harry Reid

Posted in Misc by Roenblog on the October 2nd, 2008

From Dealbreaker.com

Cause:
The Senator from Nevada, last night: “We don’t have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company — a major insurance company — one with a name that everyone knows that’s on the verge of going bankrupt. That’s what this is all about.”

Effect?:

Met Life, Pru, CDS blows out, and the S&P gets wacked.

May we suggest, since Congress is in a prevention kind of mood:
AMENDMENT NO. _______
Calendar No. _________
Purpose: To silence Harry Reid during times of crisis, war, when Congress is in session, and such other times as may be deemed necessary and expedient.
IN THE SENATE OF THE UNITED STATES–110th Cong., 2d Sess.
H. R. 3997

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Who Voted No…

Posted in Misc by Roenblog on the October 2nd, 2008

Allard (R)
Barasso (R)
Brownback (R)
Bunning (R)
Cantwell (D)
Cochran (R)
Crapo (R)
DeMint (R)
Dole (R)
Dorgan (D)
Enzi (R)
Feingold (D)
Inhofe (R)
Johnson (D)
Landrieu (D)
Nelson (FL) (D)
Roberts (R)
Sanders (I)
Sessions (R)
Shelby (R)
Stabenow (D)
Tester (D)
Vitter (R)
Wicker (R)
Wyden (D)