Showing posts from June 29, 2012
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As an impassioned Thursday morning radio broadcast drew to a close, Glenn Beck took time out to discuss what the fallout will be from the Supreme Court’s ruling on Obamacare. He touched on what it will mean for the future and how it will affect laws and regulations moving forward.
Beck also said that while Mitt Romney wasn’t his first choice, and is no “Rand Paul,” he doesn’t hate the Capitalist system, nor does he possess any of the undesirable traits of President Obama. Beck said he would take Romney “every minute of every day” of his life over Obama.
Trying to find the positive in a negative situation, Beck believes that “this decision has just sealed the election in November.”

120629 - SCOTUS Upholds Mandate as Tax

Unconfirmed Rumor: Five of the biggest US banks finalizing documents to go out of business



Wednesday, June 27, 2012
Five of the biggest US banks planning out of business by July 1st

(Reuters) - Five of the biggest banks in the United States are putting finishing touches on plans for going out of business as part of government-mandated contingency planning that could push them to untangle their complex operations.

The plans, known as living wills, are due to regulators no later than July 1 under provisions of the Dodd-Frank financial reform law designed to end too-big-to-fail bailouts by the government. The living wills could be as long as 4,000 pages.

Since the law allows regulators to go so far as to order a bank to divest subsidiaries if it cannot plan an orderly resolution in bankruptcy, the deadline is pushing…