Passing The Test

Tree HoleJust a short post tonight. I’m still sore from the hiking yesterday and planting our garden today. Now, to cap off our great weekend, we have strong storms coming in. We’re in a severe thunderstorm warning, and have already been under one tornado watch, so I plan on shutting things down here in a bit when the storms get a bit closer.

As I mentioned a moment ago, we planted our garden today. I should say, my wife planted our garden and I helped a bit by digging a few rows and helping to get the last of the tomatoes in the ground before the rain hit. We still have a few things to plant, but thus far we have spinach, carrots, radishes, lettuce, peas, cucumber, pumpkin, squash, sweet onions, red onions, tomatoes, and bell peppers planted. Gidget also got the new blackberry bushes in the ground, and we’re waiting on the blueberries to arrive anytime.

We still have some tomato, celery and artichokes to get started, but we’re well on our way to a wonderful fall harvest. I can hardly wait for those tomatoes to come in. Yum!

I was reading tonight that the federal government is going to put restrictions on banks that want to repay their TARP loans. Are they kidding? Read this following quote.

Strong banks will be allowed to repay federal bailout funds, but only if such a move passes a test to determine whether it is in the national economic interest, the Financial Times reported on Sunday, citing a senior U.S. administration official.

The report said banks that had plenty of capital and demonstrated an ability to raise fresh capital from the market should, in principle, be able to repay government funds.

But the judgment would be made in the context of the wider economic interest, the report said.

I knew this was coming. The feds are “banking” on the fact that none of the banks in question will past their so called “test” and therefore the federal government will take an equity stake in lieu of payment. How much do you want to bet? You can’t say you didn’t see this coming. The whole TARP idea was nothing more than a ploy to begin nationalizing our banking industry. It started with baby steps by the Bush administration and will be carried to term with Obama at the helm.

The only reason the government wouldn’t allow any bank to repay their TARP funds is because they want a stake in that bank. It won’t be long now. I said it before and now I believe it more than ever… It won’t be long now, soon Bank of America will become The Bank Of America. The only bank in America.

I’m hoping to get a few phone calls early this week about those jobs I interviewed for last week, so keep your fingers crossed and say your prayers. I really want to receive and offer or two this week. Now I am out of here. I’m going to shut things down now that the lightning is getting pretty close.