Another Head-Slapper With the Economy

The Boston Globe reports:

The federal agency that insures bank deposits, which is asking for emergency powers to borrow up to $500 billion to take over failed banks, is facing a potential major shortfall in part because it collected no insurance premiums from most banks from 1996 to 2006.

What do you even say? Everyone who was supposed to be in charge failed, and that failure is linked to their own greed. And now we’re all going to pay for their party, even as we’re lectured on how can’t afford health reform because we all need to tighten our belts.

What a scam. What a sick, sick scam.