We Are Doomed 6,7,8......?

Recent news article located here: http://money.cnn.com/2009/08/19/news/companies/texas.banks.fortune/index.htm?cnn=yes

It says:

Guaranty Bank, an Austin-based savings institution with $13.5 billion in assets, is expected to be seized by the FDIC by the end of the week.

A private equity group led by investor Gerald Ford -- who got a federal bank charter in November so he could buy failed banks -- also reportedly made a bid for Guaranty. Other banks said to have expressed interest were JPMorgan Chase (JPM, Fortune 500) and Toronto Dominion (TD), which made a failed bid for Florida's BankUnited when that bank was auctioned by the FDIC in May.

Guaranty's (GFG) closing would mark the second-biggest bank failure of 2009, after last week's collapse of Alabama's Colonial Bank, which was seized by the FDIC and sold to regional bank BB&T (BBT, Fortune 500).

Excerpt over. I have a simple question:

Where in the Constitution is the FDIC allowed to take over failed businesses?

Simple question over. I have a more difficult question:

Why does a beyond bankrupt bank get sold to the highest bidder?

Difficult question over. I have a.... more difficult question:

Why do people not ask these questions?

In other news, this was in a VOA article:

The United Nation's World Food Program says rogue members of Somalia's extremist al-Shabab group attempted to raid its compound late Sunday in the Somali town of Wajid, about 300 kilometers northwest of Mogadishu.

Excerpt over. Turn on the common sense. Still don't get it? Al Shabaab is a terrorist organization, they are all rogue! Do not give them an excuse or try to explain their actions because they are simply driven by hatred. If you apologize for them they will still kill you.

Article: http://www.voanews.com/english/2009-08-17-voa29.cfm

Another article: http://www.reuters.com/article/africaCrisis/idUSLJ662663

In this one a clear contradiction is seen:

Eritrea has battled arch-enemy Ethiopia since the 1960s with a brief respite in the 1990s. The United Nations, Somali government and other groups accuse Asmara of sending weapons and providing training for Somali insurgents. Eritrea denies the accusations, saying that outside influence is what is causing Somalia's problems.

Excerpt over. Common sense please. I don't even need to explain this one.

In a rundown of other important, yet overwhelming amounts of news which can not fit into the single blog I write now that most of my day is campaigning:

SUCRE (the ALBA currency) moved forward this week.
Chavez said his name was "Bolivarian Revolution."
Haiti raised its minimum wage by $3.25 to 5 dollars. Pre-increase wage was $1.75.
And a blog worthy bit of news from Palestine... see tomorrow's post. I'm going to have a peanut-butter cup because it is late and I'm hungry.

Viva la American Regulation de Capitalism et Democracy Revolution! Ahem, lets rephrase this to what I really want:
Long live the American Democratic Capitalism with Limited Regulation Revolution!