Tag Archives: 2012

O-Bum-A-Con-No-Me: Our local bank goes under…

The writings on the wall:
 
‘Relationships built on self-interest’ (i.e. Free Market Capitalism), must go.
 
And they are…

 My ‘Power Analysis’: This Democrat controlled Congress must go in 2010, followed by the president in 2012.

Well, maybe not so lasting...

The closing lines of the FDIC press release says it all–

Home Valley Bank is the 103rd FDIC-insured institution to fail in the nation this year, and the second in Oregon.

Here’s the press release in full:

South Valley Bank & Trust, Klamath Falls, Oregon, Assumes All of the Deposits of Home Valley Bank, Cave Junction, Oregon

FOR IMMEDIATE RELEASE
July 23, 2010
Media Contact:
David Barr
Office Phone: (202) 898-6992
Cell Phone: (703) 622-4790
Email: dbarr@fdic.gov

 

Home Valley Bank, Cave Junction, Oregon, was closed today by the Oregon Department of Consumer and Business Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with South Valley Bank & Trust, Klamath Falls, Oregon, to assume all of the deposits of Home Valley Bank.

The five branches of Home Valley Bank will reopen on Monday as branches of South Valley Bank & Trust. Depositors of Home Valley Bank will automatically become depositors of South Valley Bank & Trust. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage. Customers of Home Valley Bank should continue to use their existing branch until they receive notice from South Valley Bank & Trust that it has completed systems changes to allow other South Valley Bank & Trust branches to process their accounts as well.

This evening and over the weekend, depositors of Home Valley Bank can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.

As of March 31, 2010, Home Valley Bank had approximately $251.80 million in total assets and $229.6 million in total deposits. South Valley Bank & Trust will pay the FDIC a premium of 1.05 percent to assume all of the deposits of Home Valley Bank. In addition to assuming all of the deposits of the failed bank, South Valley Bank & Trust agreed to purchase essentially all of the assets.

The FDIC and South Valley Bank & Trust entered into a loss-share transaction on $211.6 million of Home Valley Bank’s assets. South Valley Bank & Trust will share in the losses on the asset pools covered under the loss-share agreement. The loss-share transaction is projected to maximize returns on the assets covered by keeping them in the private sector. The transaction also is expected to minimize disruptions for loan customers. For more information on loss share, please visit: http://www.fdic.gov/bank/individual/failed/lossshare/index.html.

Customers who have questions about today’s transaction can call the FDIC toll-free at 1-800-528-4893. The phone number will be operational this evening until 9:00 p.m., Pacific Daylight Time (PDT); on Saturday from 9:00 a.m. to 6:00 p.m., PDT; on Sunday from noon to 6:00 p.m., PDT; and thereafter from 8:00 a.m. to 8:00 p.m., PDT. Interested parties also can visit the FDIC’s Web site at http://www.fdic.gov/bank/individual/failed/homevalleyor.html.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $37.1 million. Compared to other alternatives, South Valley Bank & Trust’s acquisition was the least costly resolution for the FDIC’s DIF. Home Valley Bank is the 103rd FDIC-insured institution to fail in the nation this year, and the second in Oregon. The last FDIC-insured institution closed in the state was Columbia River Bank, The Dalles, on January 22, 2010.

# # #

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s 7,932 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC’s Public Information Center (877-275-3342 or 703-562-2200). PR-169-2010

END OF POST

 

Mother of All Conspiracies! — The Happy Meal Party and U.N. Are Going After Ronald McDonald

Ken Yeager said, “the aim is to help direct parents to more healthy choices.” He said, “the government has a responsibility to keep kids safe…”

Supervisor Ken Yeager said, “the aim is to help direct parents to more healthy choices.” He said, “the government has a responsibility to keep kids safe…”

If you think that this new Santa Clara County, Ca., Law banning our beloved ‘Happy Meals’ (Remember parents, No toy, no happy meal…) is doomed to pass away with the next political wind, you’re wrong. Something must be done.

Not only are people like this willing to rip Happy Meal toys out of our screamin’ kids hands before we reach the pick-up window, but they won’t be happy themselves until they accomplish the unthinkable–forcibly retire Ronald McDonald.

Yea, that’s right.  The Dems are after Ronald McDonald and organizations like The Junk Food Generation  and Consumers International apparently also have the support of the United Nations (W.H.O).

Read it and weep kiddy’s.

As a parent I’m taking action now for the future– I’m going to spend the next 10 to 15 years reminding my children each and every time we drive by or visit McDonald’s exactly who and which party took away their Happy Meal toys… In fact, being a home school parent allows me to fully in-grain this travesty within the memory banks of each of my kids. Heck, I may even re-edit their history books as they sleep… Yes, Draconian, I know.

I started my campaign tonight by taking what liberty I have left and giving the Dems a new party name. Something catchy and symbolic, easily grasped and memorized was needed. Yes, that’s it, I thought to myself after a bit.  “For now on kids in this house you call ’em “The Happy Meal Party””. Yes, the Happy Meal Party.

Fitting, don’t you think?

The Happy Meal Party takes away your toys and purposely creates unemployment… 

Guaranteed, in 2016 and 2024,  my kids will vote accordingly.  

The Grinch’s plan follows:  

Help Ronald to Retire

Focus on … , , ,  Corporate Accountability’s new campaign asks for your support in calling for Ronald McDonald to retire. A new report published by the organisation found 52% of Americans ‘favor stopping corporations from using cartoons and other children’s characters to sell harmful products to children.’ Even amongst those with a favourable impression of Ronald, 46% support his retirement, rising to 50% for those with children under 18. Corporate Accountability is now calling for Ronald, who has been selling burgers to children since 1963, to retire. Specifically they are calling on McDonalds to:

• end all use of celebrities, cartoons, and branded and licensed characters
that appeal to children;

• eliminate all gifts, toys, collectibles, games or other incentive
items from kids meals; and

• remove all advertising and promotional materials from places children visit
frequently including schools, playgrounds, recreation and community centers,
and pediatric health care centers.

You can sign Ronald’s retirement card, contribute to the photo petition and test your knowledge of his role in advertising here

END OF POST/THIS SITE SUPPORTS HAPPYMEALS.COM