Well, it’s Saturday. But I still read the news, and I’m still finding stuff of interest:
- From the “I’m Changing My Name to Chrysler” Department: The US Government seems to be in a bailout mood, but I have no idea way. After all, to hear the Republican’s talk last week, there is no recession, people aren’t losing their jobs, and the middle class isn’t feeling the pain. Anyway, there are three interesting government bailouts in the news. First, there is the report that the government is poised to take over Freddie Mac and Fannie Mae. This would mean monitary infusions and loss of value for those investors. Also poised for a bailout are the big automakers in Detroit, who want a $50 billion bailout. Of course, the cars need to drive somewhere, and so the government is poised to bailout the highway fund for $8 billion. You know, this will soon add up to real money.
- From the “Don’t Worry, It’s Insured” Department: And speaking of bailouts, the FDIC is closing and bailing out another small bank. This time it is Silver State Bank in Nevada. What’s interesting here is the connection: Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp, starting in February but resigned in July citing “personal reasons,” corporate filings with the Securities and Exchange Commission show. Andrew McCain also was a member of the bank’s audit committee, responsible for oversight of the company’s accounting. These candidates and their post-pubescent children. They keep getting in the news. First Biden’s son. Palin’s daughter. But as Obama said, let’s not bring the children into this.
- From the “Don’t Worry, You’ll Get Over It” Department: So let’s just focus on the adults. The AP is reporting that Gov. Sarah Palin’s church is promoting a conference that promises to convert gays into heterosexuals through the power of prayer. Palin has not commented on the report. Somehow, I’m not sure this will sit well with the gay republicans, if they exist.
