Monday, December 5, 2011

The Bank of the Proletariat


"The goal of this project is to encourage San Francisco residents, businesses, as well as nonprofit and city agencies to keep their money out of the big banks and to redistribute that money locally. Initial services will include micro-loans for the working poor and homeless, and subsidized student loans at low interest rates." SF Occupy Facebook

EXCERPT: "Jason Macarthur, a protester with Occupy SF, listed the goals that the organization plans to achieve within the first year. That includes starting with 500 members with plans to grow to 2,000 members before the end of next year.

Other plans include:

1. Accumulate capital assets of $7 million or more, through investments by different organizations, members, et al. (How much Soros money are they getting?)

2. Open two credit union branches within the city of San Francisco. The first branch location in the mid-Market Street corridor , in the former Social Security Administration storefront (MOCD) , with the assistance of other local nonprofits. Each branch will have a cafe within it and a commercial kitchen available to rent.

3. The credit union will employ students and homeless, creating 60 part-time jobs.

4. Issue 300 to 500 micro-enterprise loans (max. $5,000).

5. Add 1,000 people overall to the city employment payroll.

6. Finance and start a food co-op large enough to support a neighborhood.

They are going to employ students and homeless here, probably as unqualified to be there as Obama is to be in the WH! Not to mention that having them there as PART-TIMERS means that they DO NOT have to pay benefits! Liberal hypocrisy raises its ugly head...

And when their bad loans, made to morons, don't get paid off, what then? Pull an Air America and take 800K from a children's charity to cover their losses? Hire Jamie Gorelick and Franklin Raines to cook the books like they did at Fannie and Freddie? How are these unqualified idiots going to deal with the Feds, regulators, and the NCUA who oversees credit unions?

And when the piper needs to be paid, will they actually REPOSSESS someone's car, house, or close down a business?


He'll be the Loan Officer!

Directly from The Anti-Liberal Zone
SF Weekly

Now for some more Socialist Cronyism...

Comrades, I came across a story in Pravda the other day which I do not understand the significance of. Perhaps one of you can enlighten me?

The story noted that one Tony Resume or Recordkeeper or something... Rezko, that's it!.... was sentenced to 10 and a half years in prison for something or other. Now, I have an excellent memory with only the Party-mandated holes in it, but I cannot for the life of me figure out who this Tony guy is or why he was sentenced to prison or why I should care.

I tried using the People's Uncensored Google to scour the Gore-net for information to fill in the holes in my memory. These are the headlines I was able to find on People's State-Approved Media:

Tony Rezko, who lives in the same town as a former or current president once did, sentenced to prison...
Tony Rezko, who may have once been a speechwriter for former president Bush, convicted of crimes against humanity

Evil felon Rezko sentenced to 10 1/2 year in prison, will most likely fall victim to unfortunate accident

Tony Rezko, an enemy of the people who often voted for Obama but who never met him (no, we mean it, Obama never heard of him) gets his just desserts

Tony Rezko, con man who claimed to have invented the internet, created numerous perpetual motion machines and served as advisor to President Obama, sentenced to 10 1/2 years

[Sigh] These are pretty much representative of the headlines I was able to uncover. As you can see, they all suggest this Rezko person was some kind of nut who sought to spread blame for his mistakes to innocent other parties, including President Obama. So, I am still clueless as to why it even matters that he was sentenced to jail (where he obviously belongs) as he seems to be like every other two-bit crook whose sentencing draws no attention whatsovever.

Anyway, if anyone knows anything more about him, please let me know. Ooops, gotta go, phone's ringing.... that's probably my broker with good news on my investment in Solynda shares.

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