Dear Mr. Saiz:

Thank you for contacting me about the president's stimulus spending bill. I believe that Americans need more job opportunities, but I do not think that the president's proposal is the way to do it. Even the president has said we should not raise taxes in the middle of a recession because taxes inhibit job growth. Yet, that is exactly what his proposal would do.

His plan, considered in the Senate as S. 1660, proposes $447 billion in temporary stimulus measures paid for with a permanent $453 billion tax increase on small businesses, families, and other individuals. Below are just some of the reasons why I opposed the legislation (incidentally, the measure failed on a procedural vote because the Senate majority leader would not allow a vote on the president's proposal when the minority leader asked for it).

First, history tells us that the plan will not work. Just like the stimulus that was passed in 2009, this legislation is predicated on the theory that increased government spending can lead to an increased number of jobs. However, if that were the case, the president's 2009 stimulus package (which cost more than $1 trillion, including interest) would have created millions of jobs. Instead, we now have a much-higher 9 percent unemployment rate and nearly 2 million fewer jobs than before the stimulus was signed into law. By almost any measure, the stimulus was an unfortunate failure that, if anything, has only made our current fiscal situation worse.

Stimulus plans in the past have yielded similar disappointing results. The Wall Street Journal recently ran a column about stimulus bills proposed by presidents of both parties. In almost every case, the plans failed to deliver. For instance, battling recession in 1975, President Gerald Ford proposed a short-term stimulus plan that produced only modest results; sluggish growth and rising unemployment returned the following year. A second stimulus in 1976 similarly failed to jump-start the economy. Ford's successor, President Jimmy Carter, tried again with a 1977 stimulus package. It, too, had little effect, and the economy fell back into recession in 1980.

It was not until President Ronald Reagan "rejected temporary stimulus measures and instead proposed permanent income-tax rate reductions" that the economy started to turn around. The column continued: "By late 1982 the recession was over and in early 1983 employment and investment began to rise rapidly. In 1984, it was 'Morning in America' and...nearly two decades of strong, steady, noninflationary economic growth ensued."

Even if we ignore all the history and assume that President Obama's stimulus plan could create lasting jobs, they would be prohibitively expensive. According to a recent Harvard study, any jobs that might be created would cost taxpayers about $200,000 each – a finding that Treasury Secretary Tim Geithner did not dispute.

Of course, there is also the enormous tax increase in this plan. As I noted above, President Obama himself said "you don't raise taxes in a recession." Common sense tells us that increasing taxes won't create jobs – especially with our economy in its current shape. This tax hike, which targets small businesses and job creators (80 percent of those impacted by this tax increase are business owners), will do more than almost anything else to halt – not promote – U.S. job creation.

Given all of this, even some members of the president's own party have expressed strong reservations about his stimulus bill. The Senate vote against consideration of S. 1660 included opposition from both parties.

There may be individual elements of the president's package that might be worth passing. In doing so, we must be careful (as doctors are taught) to first, do no harm. As we know, in an effort to prove that they are "doing something," politicians sometimes try to pass measures that can actually make things much worse.

In short, our country is in need of policies that can encourage job creation; however, raising taxes or spending hundreds of billions of dollars we don't have (and have to borrow) is not the answer. We should, instead, ensure the private sector – the engine of our economy – has the tools it needs to drive long-term, sustainable job creation and provide better wages and benefits. There are many things we can do to achieve that aim. I invite you to visit my website for more information.

Thank you for taking the time to write.

Sincerely,

JON KYL

United States Senator

Comments

eddiesaiz's picture
eddiesaiz 8 years 4 weeks ago
#1

Can anyone help rebute this?

leighmf's picture
leighmf 8 years 3 weeks ago
#2

"The column continued: "By late 1982 the recession was over and in early 1983 employment and investment began to rise rapidly. In 1984, it was 'Morning in America' and...nearly two decades of strong, steady, noninflationary economic growth ensued."

What we need are measures to prevent our own government officials and their buddies from looting the public.

1982

3/17/1982 Largest heist in western Pennsylvania, 2.5 million stolen from a Purolator Armored Car; funds insured by Lloyds of London

8/2/1982 The North American Bank 201 North First Avenue Phoenix,AZ 85002 FDIC Certificate #: 23931 Established: 8/2/1982 . Inactive as of: January 8, 1988 failed Closing history: Merged with Financial Assistance into Acquiring institution: Columbia Bank - (25907) which also failed.

12/13/1982 U.S Record cash heist, between 5.3-8 million, stolen from a Sentry armored car in the Bronx

1983 Northwest Bancorporation became Norwest Corporation = Wells Fargo

1984 THYSSENKRUPP ELEVATOR CORPORATION Entity No. 848102 Filing Date 12/03/1984 Yes Address % PRENTICE HALL CORP SYSTEM INC - Pennsylvania USA County Dauphin Jurisdiction DE

Good Mourning America, it's 1985....so?

Farm Credit Act Amendments of 1985 were passed by Congress to bail out the failing Farm Credit System banks.

"Capcom UK and Capcom US were intertwined. Both companies had common directors and shareholders. Capcom UK owned 82% of Capcom US from May 1985 until June 30, 1987...There is evidence that Capcom engaged in money laundering for a variety of clients both in the United States and in London. For example, some 50 transactions were identified in the Futures, Inc. accounts with insufficient or no supporting documentation regarding the source or disposition of funds. These transactions totalled more than $125,000,000.(27)...The investor relationships in Capcom represent the culmination of a long relationship between members of Saudi intelligence and important figures in the US communications industry. The record establishes the relationship between Khalil and the Americans, Romrell, Magness, and Fox had its genesis in the communications industry prior to the creation of Capcom.(47) First, Kerry Fox had a long relationship with Khalil through his work in the electronics business for Martin Marietta and Rockwell International with the Saudi government dating five to ten years prior to the creation of Capcom. The year-end 1987 audit of Capcom in London by Arthur Andersen raised the issue of disclosure of the Paten and Peniel loans: ...The Paten and Peniel loan documents show this statement by the auditors to be completely false. Either the auditors colluded with Capcom management, or more likely, they were misled as to Paten and Peniel by the management of Capcom. ...Capcom Financial Services, Ltd., the British parent company of the Chicago-based Capcom Futures, Inc., was indicted by a grand jury in Tampa, Florida on October 10, 1988.(115) S.Z.A. Akbar and BCCI were also named in the indictment." - Senate Foreign Relations Committee Report on the BCCI Affair

11/22/1985 ALLEN COUNTY BANK AND TRUST COMPANY OF LEO, INDIANA : failed

First California Bank 5250 Jackson Drive La Mesa,CA 92041 FDIC Certificate #: 26488 Date Established: 12/9/1985 failed 1993

8/15/1986 FDIC announced it would bail out the Bank of Oklahoma, Oklahoma City in a $130 million dollar program which included the holding company BancOklahoma.

8/28/1986 1986 ENRON GAS LIQUIDS, INC.: P O BOX 1188 , HOUSTON, TX 77251: 198608-933 Active: Creation : 8/28/1986 : Original Creation State: DE Other Names 3/6/1989 ENRON LIQUIDS MARKETING COMPANY

1987 "Founding" of The Carlyle Group; 184 FDIC insured institutions failed and 19 received federal assistance.

9/09/1987 FDIC announced its $1billion bail out package for First City Bank Corp. of Texas which had lost heavily in real estate investments and oil loans.

1988 Notorious Firstmark Corp. bankruptcy case; FDIC Chairman L. William Seidman announced that by the end of 1988 as many as 250 U.S. banks would fail or need federal assistance.

including

12/1988 Failure of Silverado Banking Savings and Loan, Neil Bush director.

1988 First Bank & Trust Co. A failed Oklahoma Bank 923-925 Main Street Duncan,OK 73533 FDIC Certificate #: 4080 Established: 10/1/1893 Deposit Insurance: 1/1/1934 Inactive : 12/08/1988 December 8, 1988 Closing history: Merged with Financial Assistance : First Bank & Trust Co. - (27394)

1988 Failed The North American Bank 201 North First Avenue Phoenix,AZ 85002 FDIC Certificate #: 23931 Established: 8/2/1982 Bank Charter Class: Federal Reserve Non-member of Deposit Insurance: 8/2/1982 . Inactive as of: January 8, 1988 failed Closing history: Merged with Financial Assistance into Acquiring institution: Columbia Bank - (25907)

3/28/1991 Pres. Bush proposed taxpayers replenish the FDIC with a $90 billion dollar bail out plan.

4/14/1989 Senate Banking Committee endorsed Pres. Bush's taxpayers replenish the FDIC with a $90 billion dollar bail out plan, whole package to cost $157 billion over the next decade.

5/10/1991 Failed May 10 43 MADISON NATIONAL BANK, WASHINGTON, D.C. Total assets $530.8 million. Deposits of $373.7 million in 46,000 accounts assumed by Signet Bank, N.A., Washington, D.C. FDIC outlay $367.4 million.

5/10/1991 Failed 44 MADISON NATIONAL BANK OF VIRGINIA, MCLEAN, VIRGINIA. Total assets $176.0 million. Deposits of $154.5 million in 18,100 accounts assumed by Signet Bank-Virginia, Richmond, Virginia. FDIC outlay $113.5 million.

5/10/1991Failed 45 (t)THE WASHINGTON BANK OF MARYLAND, BALTIMORE, MARYLAND. Total assets $38.0 million. Insured deposits of $35.0 million in 2,100 accounts transferred to The First National Bank of Maryland, Baltimore, Maryland. FDIC outlay $30.8 million.

7/29/1991 Federal Reserve alleged First American Bankshares, Inc. was controlled by Arab-owned BCCI

10/18/1991 Failed 104 CENTRAL BANK, MERIDEN, CONNECTICUT. Total assets $675.2 million. Deposits of $626.5 million in 66,800 accounts assumed by CenterBank, Waterbury, Connecticut. FDIC outlay $ 373.6 million. (PR-152-91). 105

10/18/1991 CONNECTICUT VALLEY BANK, CROMWELL, CONNECTICUT. Total assets $28.8 million. Deposits of $27.9 million in 2,100 accounts assumed by Mid Conn Bank, Kensington, Connecticut. FDIC outlay $23.6 million. (PR-153-91).

10/18/1991 Failed 106 (t)MISSION VALLEY BANK, NATIONAL ASSOCIATION, SAN CLEMENTE, CALIFORNIA. Total assets $42.7 million. Total deposits $40.9 million in 2,300 accounts. Insured deposits transferred to Mid City Bank, National Association, Los Angeles, California. FDIC outlay $30.3 million.

1992 Failed Columbia Bank 11 West Van Buren Avondale,AZ 85323 FDIC Certificate #: 25907 Established: 3/18/1985 Deposit Insurance: 3/18/1985 Inactive as of: February 27, 1992 failed Closing history: Merged with Financial Assistance into Acquiring institution: Bank One, Arizona, National Association

1993 "Associated Press "The Royal Bank of Scotland has been sifting through the wreckage of New England's banking sector, acquiring failed and troubled banks that lost millions on commercial property developers who crashed when the boom of the 1980s went bust."

January 22 1993 1 (i)COLUMBIA NATIONAL BANK, SANTA MONICA, CALIFORNIA. Total assets $47.8 million. Total deposits $47.7 million in 1,500 accounts. Insured deposits assumed by Western Bank, Los Angeles, California. Advance dividend 61 percent of uninsured claims. FDIC outlay $39.8 million (PR-4-93)

January 29 1993 2 (b)Failed FIRST NATIONAL BANK OF VERMONT, BRADFORD, VERMONT. Total assets $293.5 million. Total deposits $263.2 million in 36,800 accounts. Insured deposits assumed by New First National Bank of Vermont, Bradford, Vermont, a newly-chartered FDIC bridge bank. Advance dividend 50 percent of uninsured claims (PR 8-93). FDIC Board approved sale of bridge bank to The Merchants Bank, Burlington, Vermont, on May 18, 1993 (PR-55-93).

2/25/1993 February 25 4 (i)Failed THE PLANTERS NATIONAL BANK OF ROSEBUD, ROSEBUD, TEXAS. Total assets $13.1 million. Total deposits $12.0 million in 2,200 accounts. Insured deposits assumed by First National Bank in Cameron, Cameron, Texas. Advance dividend 78 percent of the uninsured claims. FDIC outlay $5.8 million (PR-12-93).

2/26/1993 World Trade Center Bombed

2/26/1993 February 26 5 (i)Failed JEFFERSON NATIONAL BANK, WATERTOWN, NEW YORK. Total assets $226.5 million. Total deposits $219.0 million in 32,500 accounts. Insured deposits assumed by Fleet Bank of New York, Albany, New York. FDIC outlay $160.7 million (PR-14-93).

3/04/1993 March 4 6 (i) Failed FIRST AMERICAN CAPITAL BANK, N.A., LAGUNA BEACH, CALIFORNIA. Total assets $30.1 million. Total deposits $26.3 million in 2,100 accounts. Insured deposits assumed by Orange National Bank, Orange, California. FDIC outlay $16.8 million (PR-17-93).

4/02/1993 A failed Kansas Bank April 2 1993 (i)MIDLAND BANK OF KANSAS, MISSION, KANSAS. Total assets $129.0 million. Total deposits $121.7 million in 6,900 accounts. Insured deposits assumed by Bank IV Kansas, N.A., Wichita, Kansas. FDIC outlay $88.4 million (PR-28-93)

4/02/1993 10 (i)A failed Kansas Bank COLLEGE BOULEVARD NATIONAL BANK, OVERLAND PARK, KANSAS. Total assets $206.0 million. Total deposits $191.4 million in 7,400 accounts. Insured deposits assumed by First National Bank of Kansas, Overland Park, Kansas (sub. of First National of Nebraska, Inc., Omaha). FDIC outlay $130.0 million (PR-29-93)

4/02/1993 11 (i)A failed California Bank OLYMPIC NATIONAL BANK, LOS ANGELES, CALIFORNIA. Total assets $83.3 million. Total deposits $81.8 million in 5,200 accounts. Insured deposits assumed by Western Bank, Los Angeles, California. Advance dividend 63 percent of uninsured claims. FDIC outlay $52.2 million (PR-30-93).

4/15/1993 A failed California Bank April 15 13 (i)FIRST WESTERN BANK, N.A., SAN DIEGO, CALIFORNIA. Total assets $14.2 million. Total deposits $13.4 million in 1,400 accounts. Insured deposits assumed by Peninsula Bank of San Diego, San Diego, California. Advance dividend 65 percent of uninsured claims. FDIC outlay $12.1 million (PR-34-93).

4/29/1993 April 29 14 (i)Failed VALLEY NATIONAL BANK OF FREMONT COUNTY, HAMBURG, IOWA. Total assets $7.2 million. Total deposits $6.8 million in 2,200 accounts. Insured deposits assumed by The Decatur County State Bank, Leon, Iowa. FDIC outlay $521,000 (PR-39-93).

4/30/1993 April 30 15 (t) Failed AMERICAN COMMERCE NATIONAL BANK, ANAHEIM, CALIFORNIA. Total assets $139.0 million. Total deposits $120.8 million. Insured deposits transferred to Southern California Bank, Downey, California. (PR-41-93, PR 42-93).

5/21/1993 May 21 19 (i)Failed NEW ENGLAND SAVINGS BANK, NEW LONDON, CONNECTICUT. Total assets $915 million. Total deposits $700 million in 92,000 accounts. Insured deposits assumed by Citizens Savings Bank, Providence, Rhode Island. Advance dividend 75 percent of uninsured claims (PR-58-93).

6/18/1993 June 18 21 Failed AMERICAN BANK AND TRUST COMPANY, SAN JOSE, CALIFORNIA. Total assets $32.8 million. Deposits of $32.0 million in 2,000 accounts assumed by Bank of Santa Clara, Santa Clara, California. FDIC outlay $24.4 million (PR-71-93).

6/18/1993 22 (p) Failed CAPITAL BANK OF CALIFORNIA, LOS ANGELES, CALIFORNIA. Total assets $229.4 million. Total deposits $219.5 million in 14,000 accounts. Insured deposits paid out. Advance dividend 66 percent of uninsured claims. FDIC outlay $196 million (PR-72-93, PR-73-93).

6/25/1993 June 25 23 Failed CITY NATIONAL BANK, WASHINGTON, D.C. Total assets $24.5 million. Deposits of $22.2 million in 1,050 accounts assumed by Crestar Bank, N.A., Washington, D.C. FDIC outlay $15.2 million (PR-75-93).

7/29/1993 July 29 31 Failed THE WOLFE CITY NATIONAL BANK IN WOLFE CITY, WOLFE CITY, TEXAS. Total assets $35.5 million. Total deposits $36.4 million in 5,000 accounts. Insured deposits assumed by Sulphur Springs State Bank, Sulphur Springs, Texas. FDIC outlay $2.1 million (PR-90-93).

8/27/1993 August 27 34 (i)Failed MARITIME BANK OF CALIFORNIA, LOS ANGELES, CALIFORNIA. Total assets $32.4 million. Total deposits $30.5 million in 1,200 accounts. Insured deposits assumed by Western Bank, Los Angeles, California; and Bay Cities National Bank, Redondo Beach, Califoria. Advance dividend 58 percent of uninsured claims. FDIC outlay $14.0 million (PR-105-93).

THYSSENKRUPP BUDD COMPANY Entity No. 2544843 Filing Date 09/07/1993 % CORPORATION SERVICE COMPANY - Others USA County Dauphin Jurisdiction MI Purpose - President SIEGFRIED BUSCHMANN Secretary DAVID HECKER Treasurer THOMAS J STUART

10/14/1993 October 14 38 (w)Failed PLAZA BANK, NATIONAL ASSOCIATION OF NEW BRAUNFELS, NEW BRAUNFELS, TEXAS. Total assets $61 million. Total deposits $57.7 million in 6,600 accounts. Insured deposits assumed by Texas Commerce Bank -- New Braunfels, National Association, New Graunfels, Texas. Advance dividend 70 percent of uninsured claims (PR-119-93).

10/15/1993 October 15 39 (p)Failed BRENTWOOD (Brentwood Tennesee=North American Van Lines)THRIFT AND LOAN ASSOCIATION, LOS ANGELES, CALIFORNIA. Total assets $11.7 million. Total deposits $9.8 million in 200 accounts. Insured deposits paid out. Advance dividend 58 percent of uninsured claims. FDIC outlay $9.7 million (PR-120-93).

ALASKA USA VAN LINES, INC. : P.O. Box 988 , FORT WAYNE, IN 46801: 1993100669 Status: Active Entity Type: Creation : 10/15/1993 Other Names 3/14/94 NEW RMS, INC (= North American Van Lines)

10/21/1993 October 21 40Failed MID CITY BANK, NATIONAL ASSOCIATION, BREA, CALIFORNIA. Total assets $105 million. Deposits of $96.4 million in 2,400 accounts assumed by Chino Valley Bank, Ontario, California. FDIC outlay $60.1 million (PR-123-93).

10/29/1993 October 29 41 (i)Failed BANK OF SAN DIEGO, SAN DIEGO, CALIFORNIA. Total assets $316.8 million. Total deposits $298.4 million in 19,000 accounts. Insured deposits assumed by Grossmont Bank, La Mesa, California, and Harbor Bank, Long Beach, California. Insured money desk deposits paid out. Advance dividend 50 percent of uninsured claims. FDIC outlay $229.7 million (PR-125-93).

10/29/1993 NAVL, INC. : NORTH AMERICAN VAN LINES, INC. Initial DOS Filing : 10/29/1993 County: NEW YORK Jurisdiction: DELAWARE Entity Type: FOREIGN BUSINESS CORPORATION Current Entity Status: ACTIVE 1 Chairman or Chief Executive Officer JAMES W ROGERS 375 PARK AVE NEW YORK, NEW YORK 10152 Principal Executive Office NORTH AMERICAN VAN LINES, INC. 5001 U S HIGHWAY 30 W FORT WAYNE, INDIANA 46818

11/05/1993 November 5 42 (p)Failed CENTURY THRIFT AND LOAN, LOS ANGELES, CALIFORNIA. Total assets $33.9 million. Total deposits $25.3 million in 557 accounts. Insured deposits paid out. Advance dividend 50 percent of uninsured claims. FDIC outlay $24.9 million (PR-128-93).

1/4/1994 ENRON CAPITAL CORP.: 1400 Smith St. , HOUSTON, TX 77002: 1994010228 Status: Withdraw: Creation : 1/4/1994 Inactive : 10/17/1995 Original Creation : 5/21/1993 Original Creation State: DE

4/14/1994 A failed Missouri Bank April 14 SUPERIOR NATIONAL BANK, KANSAS CITY, MISSOURI. Total assets $20.5 million. Total deposits $19.4 million in 1,550 accounts. Insured deposits assumed by Citizens-Jackson County Bank, Warrensburg, Missouri. Advance dividend 50 percent of uninsured claims (PR-24-94).

7/08/1994 A failed California Bank July 8 PIONEER BANK, FULLERTON, CALIFORNIA. Total assets $136.8 million. Total deposits $128.5 million in 4,300 accounts. Insured deposits assumed by Chino Valley Bank, Ontario, California. Insured money desk deposits paid out. Advance dividend 50 percent of uninsured claims (PR-42-94).

7/15/1994 A failed California Bank July 15 BANK OF SAN PEDRO, SAN PEDRO, CALIFORNIA. Total assets $123.4 million. Total deposits $115.8 million in 10,300 accounts. Insured deposits assumed by Home Bank, Signal Hill, California. Insured money desk deposits paid out. Advance dividend 50 percent of uninsured claims (PR-43-94).

7/29/1994 A failed California Bank COMMERCEBANK, NEWPORT BEACH, CALIFORNIA. Total assets $156.5 million. Total deposits $140.0 million in 4,600 accounts. Insured deposits assumed by California State Bank, West Covina, California. Insured money desk deposits paid out. Advance dividend of 67 percent of uninsured claims (PR-47-94).

7/29/1994 A failed California Bank WESTERN COMMUNITY BANK, CORONA, CALIFORNIA. Total assests $60.6 million. Total deposits $54.8 million in 5,500 accounts. Insured deposits assumed by Bank of San Bernardino, San Bernardino, California. Insured money desk deposits paid out. Advance dividend of 50 percent of uninsured claims (PR-48-94).

7/29/1994 2300540563 WILLIAMS INTERNATIONAL PIPELINE COMPANY Foreign For Profit Business Corporation Agent: THE CORPORATION COMPANY 735 FIRST NATIONAL BLDG OKC, OK 73102 Effective : 7/29/1994

8/12/1994 August 12 Failed BANK OF NEWPORT, NEWPORT BEACH, CALIFORNIA. Total assets $174.3 million. Total deposits $159.5 million in 19,000 accounts. Insured deposits assumed by Union Bank of San Francisco, California. Advance dividend of 50 percent of uninsured claims (PR-53-94).

8/26/1994 August 26Failed CAPITAL BANK, DOWNEY, CALIFORNIA. Total assets $81.4 million. Total deposits $76.7 million 12,700 accounts. Insured deposits assumed by Landmark Bank, La Habra, California, and Commerce National Bank, City of Commerce, California. Advance dividend 70 percent of uninsured claims (PR-57-94).

1/20/1995 January 20 Failed GUARDIAN BANK, LOS ANGELES, CALIFORNIA. Total assets $352.8 million. Total deposits $262.7 million in 4,700 accounts. Insured deposits assumed by Imperial Bank, Los Angeles, California. Advanced dividend 50 percent of uninsured claims (PR-3-95, PR-4-95).

3/31/1995 Failed March 31 LOS ANGELES THRIFT AND LOAN, LOS ANGELES, CALIFORNIA. Total assets $24.9 million. Total deposits $22.3 in 451 accounts. Insured deposits assumed by California Federal Bank, FSB, Los Angeles, California. Advance dividend 50 percent of uninsured claims (PR-27-95).

5/19/1995 May 19 Failed BANK USA, N.A., KIHEI (MAUI), HAWAII. Total assets $9.5 million. Total deposits $8.9 million in 1,000 accounts. Insured deposits assumed by Hawaii National Bank, Honolulu, Hawaii. Advance dividend 65 percent of uninsured claims (PR-35-95).

8/23/1995 WORTHINGTON STATE BANK, WORTHINGTON, INDIANA. Insured deposits transferred to First Farmers State Bank, Sullivan, Indiana. FDIC outlay $1.8 million. ; 10/16/1933 Inactive : 8/23/1995 A failed Indiana Bank

3/11/1996 March 11 A failed Pennsylvania Bank METROBANK OF PHILADELPHIA N.A., PENNSYLVANIA. Total assets $43.3 million. Total deposits $39.9 million in 1,800 accounts. Insured deposits assumed by Jefferson Bank, Haverford, Pennsylvania. Advanced dividend of 58 percent of the approximately $1.7 million in uninsured claims.

6/14/1996 A failed Texas Bank June 14 THE FIRST NATIONAL BANK OF THE PANHANDLE, PANHANDLE, TEXAS. Total assets of $78.7 million and total deposits of $76.1 million. Sun Bank, Sunray, Texas, will assume $40 million in 4,900 accounts and The Plains National Bank of West Texas, Lubbock, Texas, will assume $36.1 million in 2,500 accounts. $752,000 in 102 accounts exceeded the federal insurance limit and was not assumed by either bank. No advanced dividend was provided. (PR-43-96)

8/09/1996 A failed California Bank August 9 [SAIF] UNION FEDERAL SAVINGS BANK, FSB, LOS ANGELES, CALIFORNIA. Total assets of $34.3 million. Deposits of $30.6 million in 1,000 accounts assumed by Dean Witter Trust FSB, Jersey City ,New Jersey. About $2.1 million in 72 accounts exceeded the insurance limit. No advanced dividend was provided.

3/29/1997 Largest armored car heist in U.S. history, Jacksonville, FL., 22 million.

7/30/1997 ENRON CORP. : NATIONAL AGENTS, INC. OF OK 115 SW 89TH ST OKC, OK 73139 8505 (RA) Effective : 7/30/1997

4/09/1998 April 9 (BIF) Failed Omnibank, River Rouge, Michigan, with total deposits of $39.9 million and total assets of $42.2 million. All deposits and $41.8 million in assets assumed by the newly chartered ShoreBank, Detroit, Detroit, Michigan (PR-24-98).

8/07/1998 August 7 (BIF) Failed Q Bank, Fort Benton, Montana, with total deposits of $13.6 million and total assets of $15.1 million. The insured deposits of $12.3 million and $2.5 million in assets assumed by the newly chartered Heritage State Bank, Fort Benton (PR-54-98).

3/26/1999 March 26 (BIF) Failed Victory State Bank, Columbia, South Carolina, with total deposits of $11.6 million and total assets of $13.9 million. All deposits and $12.2 million in assets assumed by the newly chartered South Carolina Community Bank, Columbia, South Carolina (PR-15-99) South Carolina = New United Mutual Fund

3/26/1999 HMC RETIREMENT PROPERTIES, INC. : 10400 Fernwood Rd. Dept. 72.862, BETHESDA, MD 20817 : 1988060027 Entity Creation : 6/1/1988 Inactive : 3/26/1999 Original Creation : 1/19/1986 Original Creation State: DE Other Names : Name (Type) 8/31/1988 MARRIOTT LIFECARE RETIREMENT COMMUNITIES, INC. 7/23/1993 MARRIOTT RETIREMENT COMMUNITIES, INC.

8/16/1999 THYSSEN DOVER ELEVATOR Entity No. 2892986 Filing Date 08/16/1999 No Address 6266 HURT RD HORN LAKE Mississippi USA 38637 County Jurisdiction PA Purpose ELEVATOR SALES SERVICE REPAIR & MODERNIZATION

9/01/1999 September 1 (BIF) Failed First National Bank of Keystone, Keystone, West Virginia, with total deposits of $928 million and total assets of $1.1 billion. Approximately $135 million in local insured deposits and $74 million in assets assumed by Ameribank, Incorporated, Welch, West Virginia. Remaining deposits were non-local; the FDIC paid insured amounts to those customers (PR-52-99 and PR-49-99)

9/01/1999 WELLS FARGO FLEET SERVICES, INC: 4824 PARK GLEN RD. , MINNEAPOLIS, MN 55416: 1999090064 Status: Active Creation : 9/01/1999 Creation : 8/28/1970 Original Creation State: MN

9/02/1999 THYSSEN STEARNS INC. 1113341 Foreign Corporation Sep 02 1999 Active Ohio

11/19/1999 November 19 (BIF) Pacific Thrift and Loan Company, Woodland Hills, Califiornia, with total deposits of $108.3 million and total assets of $117.6 million. The insured deposits of $106.3 million and assets of $12.8 million assumed by Affinity Bank, Ventura, California (PR-71-99)

12/10/1999 December 10 (BIF) Failed Golden City Commercial Bank, New York, New York, with total deposits of $82.0 million and total assets of $89.3 million. All deposits and $85.4 million in assets assumed by Cathay Bank, Los Angeles, California (PR-79-99).

1/20/2000 THYSSENKRUPP AIRPORT SYSTEMS INC. Entity No. 2919803 Filing Date 01/20/2000 % CORPORATION SERVICE COMPANY - Pennsylvania USA County Dauphin Jurisdiction DE

3/10/2000 Failed Mutual Federal Savings Bank of Atlanta, Atlanta, Georgia, with total deposits of $30.0 million and total assets of $33.8 million. All deposits and $29.8 million in assets assumed by Citizens Trust Bank, Atlanta, Georgia.

6/02/2000 June 2 (BIF) Failed Monument National Bank, Ridgecrest, California, with total deposits of $9.8 million and total assets of approximately $10 million. All deposits and $3.7 million in assets assumed by Israel Discount Bank, New York, New York (PR-39-2000)

11/13/2000 FAILED October 13 (BIF) The Bank of Honolulu, Honolulu, Hawaii, with total deposits of $59.5 million and total assets of approximately $66.9 million. Insured deposits of $57.3 million and $52.2 million in assets assumed by the Bank of the Orient, San Francisco, California (PR-70-2000).

11/22/2000 THYSSENKRUPP ENCOKE, INC. Entity No. 2974266 Filing Date 11/22/2000 No Address 1370 WASHINGTON PIKE BRIDGEVILLE Pennsylvania USA 15017 County Allegheny Jurisdiction PA Purpose COKE & ENERGY BUSINESS Limited Authority No Fictitious Owners 1 KRUPP UHDE CORPORATION OF AMERICA

2001 "Westfield Holdings, Ltd." Partner with Silverstein in WTC; money lent by UBS Warburg; Lincoln Reinsurance holds 3.5 billion policy, sells to Swiss Re, formerly North American Re the day before WTC is attacked;

8/24/2001 LINCOLN BP MANAGEMENT, INC. 1242698 Foreign Corporation Jul 24 2001 Active Texas

8/30/2001 Swiss Re acquisition of Lincoln Re announced, restated on 9/07/2001.

9/07/2001 A failed Arkansas Bank On September 7, 2001, Sinclair National Bank, Gravette, Arkansas... accounts to Delta Trust & Bank, Parkdale, Arkansas All payments should be mailed to the Bella Vista office at1790 Forest Hills Blvd., Bella Vista, AR 72715.

Swiss Re acquisition of Lincoln Re announced, restated on 9/07/2001.

9/10/2001 LNC sold Lincoln Reinsurance to Swiss Re (aka North American Re) the day before the WTC attack; FTC Transaction Number: 20012356 Early Termination : 09/10/2001 Acquiring Person: Swiss Reinsurance Company Acquired Person: Lincoln National Corporation Acquired Entity: The Lincoln National Life Insurance Company (The purchase contract provided that the claim costs from the 11 September 2001 events remain with the seller).

10/29/2001 THE HALLIBURTON GROUP 1265444 Trade Name Oct 29 2001 Active Oct 29 2006 80126 PO Box: None

11/15/2001 Reuter's (WTC) Release- :Swiss Re, which has already paid its share of an initial $75 million payment to the insurance : holders, said that if the full value of the $3.5 billion policy were paid out now, $1.5 billion would : go to the Port Authority, $663 to General Motors Acceptance Corp. (GMAC aka Colonial) and UBS Warburg, : which lent Silverstein money to take on the lease, and a maximum if $1.3 billion to Silverstein : and Westfield Holdings Ltd. his partners in the lease. "

FTC Transaction Number: 20020109 Early Termination : 11/26/2001 Acquiring Person: Mr. Peter R. Kellogg Acquired Person: Navistar International Corporation Acquired Entity: Harco National Insurance Company

12/02/2001 Enron bankrupt

2002

1/11/2002 A failed Florida Bank On January 11, 2002, Hamilton Bank, N.A., Miami, FL was closed by Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All insured deposit accounts at the following branches have been transferred to Israel Discount Bank of New York, New York, New York

1/22/2002 THYSSEN ACCESS CORP Entity No. 3048350 Filing Date 01/22/2002 % CORPORATION SERVICE COMPANY,319 MARKET ST HARRISBURG Pennsylvania USA 17101 County Dauphin Jurisdiction DE

2/01/2002 On February 1, 2002, The Oakwood Deposit Bank Company was closed by the Superintendent of Financial Institutions for the State of Ohio and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All insured deposit accounts have been transferred to The The State Bank & Trust Company, Defiance, Ohio ("assuming institution")

11/12/2002 Pres. G. W. Bush told the United Nations: "Iraq likely maintains stockpiles of VX, mustard and other chemical agents and has made several attempts to buy high-strength aluminum tubes used to enrich uranium for a nuclear weapon."

12/06/2002 GENERAL DYNAMICS NETWORK SYSTEMS, INC. 1355675 Foreign Corporation Dec 06 2002 Active Delaware

12/17/2002 Conseco, Inc., a Carmel, Indiana investment, insurance, lending company, filed Chapter 11 bankruptcy.

2003

June- UBS Warburg caught by U.S. Treasury making illegal transfers to Cuba and Iraq;

Wall Street corruption probe 1.4 billion dollar settlement by Citigroup and Bear Stearns, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Morgan Stanley, UBS Warburg and US Bancorp Piper Jaffray.

I guess that's the end of two decades of economic Camelot.

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We Know How Far Trump Will Go - How Far Will Republicans Go?

Thom plus logo Colonel Vindman's testimony pretty much proves that Trump was trying to shake down Ukraine for information on Biden, and that the Republicans are doing everything they can to cover up this extortion attempt.