These big banks deserve to fail.They don't get it.They can play with the numbers all they want, they are going down.

The controversial climate bill that is set to be taken up by the Senate on Monday after its passage in the House will legislate home inspections by government regulators who will demand to audit every aspect of your property under the threat of substantial and repeated fines if their visits are denied or their demands not satisfied.
The climate legislation is written in a manner that automatically assumes that global warming is taking place and that it is attributed to rising CO2 levels, despite the fact that this is a highly contentious question and is being rejected by more and more scientists as time goes by.
As Tony Pacheco writes in his excellent article today, the bill will “audit every aspect of your home and life”.
The bill states every home owner will receive an energy audit. What is a home energy audit? It is an intrusive visit made by the bureaucrats at the Home Energy Team or a similar group. They will examine and report the way you live your life directly to RESNET (Residential Energy Services Network) . Light fixtures, socket types, spas, hot tubs, windows, appliances, walls and roofs will all be under review. Energy tests will be conducted throughout your house. At the end of the visit you will receive a report and a rating. The report will focus on the changes you need to make and the rating=2 0is called a HERS rating (Home Energy Rating System). RESNET will perform the audits through authorized contractors. RESNET has adopted the Mortgage Industry National Home Energy Rating Standards. The standards set the national procedures for home energy ratings.
According to RESNET, an audit consists of:
Comprehensive Home Energy Audit - A level of the RESNET Home Energy Audit process defined by this standard to include the evaluation, diagnosis and proposed treatment of an existing home. The Comprehensive Home Energy Audit may be based on a Home Performance Assessment (“Comprehensive Home Performance Energy Audit”) or Home Energy Rating (“Comprehensive HERS Audit”), in accordance with the criteria established by this Standard. A homeowner may elect to go through this process with or without a prior Home Energy Survey or Diagnostic Home Energy Survey.
Regulations already in place in some cities for non-residential buildings already carry fines of $2000 a time for preventing bureaucrats from carrying out=2 0inspections. These will simply be expanded to cover all premises under the new climate bill.
Under the RESNET standards for a home audit, the following procedures will become law under the climate bill.
704.1.2.3 The Home Energy Survey Professional shall request copies of utility bills or
written permission to obtain the energy use information from the utility company, and use
them to produce an estimate of generalized end-uses (base, heating, and cooling).
704.1.2.5. Minimum Procedures for an In-Home Energy Survey:
704.1.2.5.1.1 R-values of wall/ceiling/floor insulation
704.1.2.5.1.2 Square footage and approximate age of home
704.1.2.5.1.3 Type of windows: glazing type(s) and frame mater ial(s)
704.1.2.5.1.4 Type, model number, and location of heating/cooling system(s)
704.1.2.5.1.5 Type of ductwork, location and R-value of duct insulation, and any
indications of previous duct sealing
704.1.2.5.1.6 Type of foundation is crawl, basement, or slab
704.1.2.5.1.7 Checklist of common air-leakage sites indicating likely opportunities
for leakage reduction
704.1.2.5.1.8 Estimated age and efficiency of major appliances such as
dishwashers, refrigerators, freezers, washing machines and dryers
704.1.2.5.1.9 Number and type of hardwired light fixtures and screw-in bulbs in
portable lamps suitable for energy efficient re-lamping
704.1.2.5.1.10 Visual indications of condensation
704.1.2.5.1.11 Presence and location of exhaust fans, and determination of whether
they are vented outdoors
704.1.2.5.1.12 Number and type of water fixtures (e.g. faucets, showerheads)
704.1.2.5.1.13 Presence and type(s) of combustion equipment; identification=2 0of
visually identifiable evidence of flame rollout, blocked chimney, and corroded or
missing vent connector.
As we have warned, the climate bill is nothing more than a feast for=2 0bloodthirsty government vampires, who are ready and waiting to suck off the fat hog of the American taxpayer once more.
Ohio Republican Senator George Voinovich says it will take a “miracle” for the Senate to pass the controversial climate bill next week, meaning that the legislation won’t be in place before United Nations climate talks in Copenhagen in December.
The Senator told Bloomberg News that the bill contains “a lot of crap” and that cutting CO2 emissions by 17 per cent before 2020 was an unobtainable goal.
Voinovich’s prediction that the bill will fail is echoed by Senator James Inhofe of Oklahoma, who said that the “razor-thin vote in the House spells doom in the Senate.”
However, Senator John Kerry claims that the bill will pass the Senate next week but that there won’t be enough sway to approve a global treaty that commits other nations to follow the same regulations.

THE HEADLINE LIES READ THIS CAREFULLY AND YOU WILL SEE MOST MADE A PROFIT!! YES ON OUR STIMULUS MONEY!! They never even spent the money from the first package and THEY WANT more!! I voted for Obama mainly for the failures of Bush and McCain picking the right wing Palin as his running mate, but am quickly regretting this and wish that a 3rd party candidate had got elected. There are 2 easy fixes to this DEPRESSION we are in
1. 80% of Americans vote to DEPORT ALL ILLEGALS and PUT TROOPS ON THE MEXICAN BORDER in every poll that asks the question do you think ILLEGALS should be deported instead of some vague questions about immigration!!! DEPORTING ALL ILLEGALS and their children immediately makes available 8 MILLION JOBS for legal citizens and reduces our government spending by BILLIONS by getting rid of education for their ILLEGALLY had children and welfare they collect!!
2. GET RID OF THE FED!! The FED is run by the BIG BANKS and therefore no real regulation is going on!! Most of the stimulus money was spent by BANKS BUYING OTHER FINANCIAL COMPANIES and getting richer by doing it. Chase wanted a WEST coast presence for years but got it for a song when they got the WAMU deal. WELLS FARGO made a record profit by buying WACHOVIA a 10% of the real value and we paid for both these deals!!! Some banks have paid back the money they took but not the money the BANKS THEY BOUGHT OUT took!!! We need a real elected board to oversee banks and the financial markets not the BANK owned FED or an appointed board with long terms!! getting rid of the FED and new rules that would be enacted on banks would help the economy recover because lending practice by banks started this!! REMEMBER THE BANKS HAVE LITTLE OF THEIR OWN MONEY THEY ARE LENDING OUR MONEY!!

Mark you are an idiot ... no environmental scientist doesnt believe in global warming only people who quote oil company paid spokesmen!! They just had pictures of the polar icecaps in the news the other day from 20 years ago and right now and have decreased by 20% can you not see! We should have gone electric with wind, solar and geothermal power years ago but big business and OIL have kept us on stupid and costly OIL and Coal. Truth is our country is not even using the free Geothermal energy we have which could power us 100% like it does Iceland. Tesla motor could have a working family electric car out in a year if the government finally gives them a couple billion and their present car goes 500 miles on just one $5 charge!!

Look people, all this bitching and wringing of hands isn't going to change one thing about the global or international economic mess we are in.....Do these types of posts raise or lower the blood pressure?

Deal with the current economic situations as they are and take advantage of them as best you can. That's what I do and it's a lucrative solution.

Well this article strikes me as very comical. First off those banks nerv have "bad weeks" because they will invariably be bailed out by the taxpayers, regardless of their terrible loans and horrific structure of the banking/ fractional reserve system.
They never have bad weeks, we have bad lifetimes beacuse of the frivilous loans they give out. They give out such rediculous loans, and keep no money in the actual bank and know it will be fine because us tax payers will foot the bill everytime with our congress to thank fior that. It has happened many times since The Fed Reserve and fractional reserve banking made it's ugly mark on this country. If people would wake up and see the IMF, the World bank, and the Federal reserves world socialist agenda than we could potentially do something about this crap and get our country and our ecponomy back on track. If you think our current economic breakdown can be blamed on a president or an administration you are wrong- It is countless years of failed policy that gives underveloped countries (With socialist and dictator regimes) loans they can never pay back to "Develop" those countries-we'll guess what happens the politicians inthose countries take billions off the top of those loans for personal use and political agends and then the "Developement" that we loaned the money out for never happens, then they can't pay on the loan so we loan them more money so the banks can continue getting their interest payments, wile we the taxpayer a re left with the true debt in teh form of a hidden tax/inflation. This is the game and it has been played for about 100 years now, totally killing our economy and lessening our soveriegnty day by day. If you want it to stop it starts with holding you, your congress, and your fellow countryman accoutnalbe for allowing it to continue to happen when it obviously doesn't work and will eventually end in one world government and one wirld "Fiat" dollar. Act now before it is too late. We must abolish the federal reserve, the IMF

I love how it is called a "Stimulus" package- call it by its real name "BAILOUT" package. The banks/federal reserve banking system is a mess and has never worked, we just keep bailing them out and trowing tax payer dollars at them and allowing them to make terrible loans with little moeny as reserve. Until we stop bailing these banks and all the other marlets out, they have no real reason to change they way they do terrible business. They make bad loans because they know if the loans go sour, we the people will be there to help them out. Well time to start saying "No more bailouts" and let the free market become a free market once again. Obviously the "stimulus" Plan was a mistake, all it did was nationalize more of the industry and help larger banks to take over smaller banks whilst we paid the bill!!!!!!! Start educating yourselves people, the system is defined, not the way any media outlet or politician would describe it, but the system is defined and you can look at the mechanisms of the systme and find out who is benifitting from it, and it is not the UNited States. Take a closer look at the world banking system and how it funstions and you will see some pretty evil things happening. Don't take my word for it... PLEASE GO FIND OUT FOR YOURSELF!!!!!!!!!!!!!!!!!

Please...... the banks are squeezing every last nickle, dime, penny out of the taxpayers on one end and getting bailout money on the other end. They are purposely jacking up credit card interest rates and jacking up minimum payments requirements to force good people into default. This way they can ask for MORE BAILOUT money. It is easier to ask for a government hand out then to try to collect from the regular working person. When do WE the american people get our BAIL OUT?????

The bankers of the world are never hurting...this is just more ignorant propaganda from the corporate media AND so-called finance and economic experts. How could they be experts when all they know as a frame of reference is this criminal system of central banking we are forced to live under. Read the book Meltdown by Thomas E. Woods Jr. you will know exactly how this little scam works and is perpetuated by the Insiders and the Washington puppets who work for them. Since I know 99% of you out there, if you even bother to read the other blogs at all, will not read the book, here is a quick summary. The banks chose, I will say it again, chose to inject cheap credit into the market place when they have no business lending at all because there is no real savings by Americans to lend (and the really rich 1% don't make their money available to the government. This, also a ploy for issuing newly created money (yes, they don't have to print it and often don't). This masks the last recession and makes it appear business is growing and creating new jobs and revenue streams...false. So the American people (those not still unemployed...and most still are after this move) are fooled again, and focus on their own tiny lives. Lending standards are intentionally out the window here. It doesn't work if they don't issue a bunch of new credit/money. Then when its built up nicely, they retract it once again, directly causing the recession so that they can push down prices and buy it all up...who cares if they lose a little in the translation. That's the plan anyway. So, they retract it, millions (on top of the previously unemployed workers) more are laid off, many businesses are closed (because guess what folks, the last recession would never have ended if this move wasn't repeated every 8-10 years and the economy would have crashed for good) and then the fed pushes down interest rates (when this should never happen because there isn't a surplus of cash saved for lending) so that they can pretend to fix the recession, build up stores of credit and do it again...and again. 13 times and counting. But this time, prices due to the inflationary creation of money and just plain greedy corporations and other money grubbing and cash brained Americans have pushed the cost of basic necessities beyond the reach of most people, so there will be no false recovery, because we are making choices like health insurance or new clothes this year, pay the electricity or feed the kids. And most Americans are sitting around dumbly waiting for it to start again so that they can again not have to think about the country or economy and pretend to make money in their retirement or mortgage. Folks, the mortgage is a scam, you're not coming out with the house, and you keep flipping your little gain (if you don't get an equity loan that is, at a higher rate than the appreciation on your house...see how can a house appreciate when they keep building more and better ones than yours?) into the new house over and over and end up in a nursing home or killing yourself with the poison doctors call medicine. I have audited tens of thousands of Americans' retirement plans, and you're not making money, your losing. The guys at the top, or at the bottom. Doesn't matter. Stop lying to yourselves and those around you. Wake up and fight back. Before we're the next third world nation who can't even employ or feed its citizens.

The assets on the banks books, before the depression, were at about $60 trillion, and after, it was cut in half, at $30 trillion. Now the overhang of $30 is sitting on their books is what they are trying to figure out what to do with. They have two way of working it off. They can raise taxes and lower wages, remember Mexico’s bank failure 88, or let the banks go down in value. So my capitalist friends they have taken the former and your children are going to pay for it, unless you decide to go to the streets and march on the Capital. The alternatives to taxing and lowering wages are tariffs, Stet taxes, and raising the tax on the wealthy, or all of the above. Rolling the taxes back to the Reagan years on people income over $230,000 a year would not hurt them and make them invest into the American economy. The money would be to pay down the debt and invest in American manufacturing. It's up to you, it's your future, or not. If not, I suggest you start learning to speak Chinese.

jolietjeff....??????? Did you even READ my post??? Who's the idiot? In case you're simply in need of a cranialanalectomy you couldn't possibly miss the point of my statement...but you did miss the point so you surely must indeed require a cranialanalectomy (the surgical removal of your head from your AS*!). Pull it man!! I am not hawking in any fashion global warming...I'm saying read this frickin' bill you idiot, it is very intrusive and damaging to our liberties and level of taxation privately. Jeeeze Pete's...some people are sooo thick!