Latest "Government Bail Out" Posts

Social Security (part of the Great American Ponzi Scheme) is Tanking

A report on Social Security projections is not one of those flashy news topics. In fact, other than accountants and budget managers, I dare say the topic might be best enjoyed by insomniacs. However, if a recent study turns out to be true, those of us who are sprouting gray hair – even if just a few strands – had better sit up and take notice.  Social Security is tanking!

Social Security cards, cash and stock market chart

Social Security cards, cash and stock market chart

In an article for CNBC by Tom Anderson (May 9, 2015) entitled: “Study: Social Security in REALLY bad shape,” we learn that things are much bleaker than we have been led to believe. According to the article (the italics are mine):

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Posted by administrator in Government Bail Out, Political Ethics, social security and tagged , ,

Behind the Scenes at the George Zimmerman trial – An Ethics Challenge Unnoticed! Ben Kruidbos fired!

As I write this post, the verdict has been announced in the George Zimmerman trial and the tragic events that occurred in Florida . Divides in America have been made a little deeper and a little wider. It is all sad and no one has really won. Ben KruidbosHowever there is another story that is emerging from the tragedy; a story that speaks to ethics and one that has been steamrolled.  Let us discuss a man who worked as a director in the IT department of the Florida State Attorney General’s office; these are the individuals who prosecuted the case.

Discovery

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Posted by Chuck Gallagher in Articles, Gordon Grigg, Government Bail Out, Government Bailout, Roger Clemens, Sarah Palin

Business Ethics Alive in Small Banks – Strong Ethics Equal Healthy Banks

It’s easy to become cynical when all you hear in the media is bad news.  But not all news is bad.  In a recent CNN article there was some refreshing comments from small, but healthy, banks.  They were making loans and, for the most part, it was business as usual.

Here are some comments from the article:

Conservative lending practices seem to be a common denominator among banks that have remained strong and stable during the current banking crisis, and those banks are still making loans.

Healthy Banks: Peoples Bank President Todd McKee, left, chats with customer Tommy McVay on Friday in Lubbock, Texas.

Peoples Bank President Todd McKee, left, chats with customer Tommy McVay on Friday in Lubbock, Texas.

Peoples Bank President Todd McKee, left, chats with customer Tommy McVay on Friday in Lubbock, Texas.

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Posted by Chuck Gallagher in Banks, Business and Personal Ethics, ethics, Financial Crisis, Freddie Mac, Government Bail Out, Loan Fraud, mortgage fraud, New Website and tagged , , , , , , , , , , , , ,

Financial Meltdown? Where Were Our Government Leader’s Ethics? Comments by Ethics Speaker Chuck Gallagher

The words are “urgent action” as uttered by those in financial leadership in our country.  Action needs to be taken in order to avoid a financial meltdown.  Somehow, I would suspect that words similar to that were uttered immediately before the Great Depression.  Have we learned nothing from past history? Where were our government leader’s ethics?

According to CNN:

“You know, I share the outrage that people have,” said Paulson. “It’s embarrassing to look at this, and I think it’s embarrassing to the United States of America.”

“There is a lot of blame to go around – a lot of blame with big financial institutions that engaged in this irresponsible lending … blame to the people who made loans they shouldn’t have made, people who took out loans they shouldn’t have taken out,” said Paulson, who served as CEO of Wall Street giant Goldman Sachs for seven years before he became Treasury Secretary in 2006.

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Posted by Chuck Gallagher in Business and Personal Ethics, Choices and Consequences, Financial Crisis, Government Bail Out, New Website, politics, white collar crime and tagged , , , , , , , , , , , , , , , , , ,