What Is A BAD Bank?

April 21-2009:

What Is A Bad Bank?


The new definition of a Bad Bank are the following:

Those banks that have lost millions or billions on TOXIC loans or Investments, can have these loans shuntered off into a Bad Bank or (Toxic Loans Clearing House), which will buy those toxic loans at current price.  

Most of which will be very much lower in value, from the time they were sold or given.

So the Banks that held these TOXIC loans will now be FREE to get New Capital from the State's Treasury (on Loan), to start lending once again, and providing loans to it's customers.

In time, when the economy recovers, those TOXIC loans at the Bad Banks or (TOXIC Loans Clearing House), will SELL those loans on the open market for less that they cost at the outset.

Some of these will accrue Profit from those sales.

Other sales will incur a Loss too.

From the new TOXIC sales that have accrued profit, the bank will pay this money back to the banks it came from, for them to eventually repay the State, for the loans they got for those TOXIC acommodations.

Derryck.
NYC.

President Obama Forgives The Torturers!

April 17-2009:

President Obama Forgives The Torturers!


President Obama's administration through the Department Of Justice, will not charge any CIA officer that indulged in torture, during the George W. Bush administration.

This decision may cause some head hunters on the left to get all fired up and angry. But I imagine that president Obama needs these same CIA officials or officers, to operate in his new administration. 

Most of which have experience ands skills that are needed in the fight against terrorism internationally.

However, if we allow anger, vengeance, and payback for any wrong doing, some of these officials may have undertaken, then we may be forfeiting ourselves the benefit of some potential assets, that are vitally needed at this time.

Politically, this may be a grave dis-appointment for many Obama supporters, some of whom was waiting for a change of administration to get even!

So let us see how supporters from every strata and affiliation, will behave in the next three years general elections.


Remember The Nuremberg Trials After World War-2:

I was merely following orders!

George W. Bush Torture Chamber!

As I see it, the US Justice Dept,. via the Attorney General should have been allowed to have an investigation into who in the line of authority, gave the direct orders for torture to be done on prisoners. 

Did the Attorney General raise this concern with the president?

Or did the president suggest to the US Attorney General not to pursue any investigation that would lead to prosecution. Whatever it is, a precedent has already been established, and if no legal Proceedings are brought against any alleged torturer. 

Then what is to prevent some future president or administration, repeating this scenario 
once again?

Derryck.
NYC.

Food AID Ships To Kenya Escapes Pirates Attack!

April 15-2009:

Food Aid Ships To Kenya Escapes Pirates Attack!

If the pirates continue to show no regard for an ocean going vessel, regardless of whether that or those vessels are delivering Food Aid to Africa, or any African country.

Then I say, STOP delivering food there NOW!

If these pirates are going to hold those states that are desperately in need of food hostage, then let them STARVE.

When starvation really start causing the deaths of thousands of their own people, then I guess they will see the light and desist such activities.

And those African states that chose to sit idle by, and not intervene to help or protect ships in that region. I say to them too, that when the pirates are no longer able to attack ships successfully, they will turn upon their own governments and people to plunder.

So if these African states and governments in that region, does not make deliberate efforts to thwart piracy, their bases on shore, and their leadership, by killing them whenever they are captured, or caught indulging in piracy. 

Then NO FOOD AID will continue!

Derryck S. Griffith.
NYC.
http://thethingsthatmatter.blogspot.com/

Pirates BEWARE-America Has Your Number!

April 12-2009:

Pirates BEWARE-America Has Your Number!


Today three pirates were killed, one captured, and the US Captain hostage saved from capture.

Sincere praise go to the FBI, and the US Navy Seals, that were engaged in this rescue effort. 

And I also extend to president Obama my regards for his expressed concern about this incident.

However, international mercantile efforts MUST be formulated to deal with this Terror on the High Seas.

Furthermore, I hope that the pirates of Somalia are watching, and would re-consider ever trying to capture another American Mercantile or Military vessel again.

I had hoped that all of these criminals would have been killed for their avaricious acts against the innocent. 

However, the one who was not killed faces criminal charges, and I hope right here in the USA,
in a Court Of Law.

Derryck S. Griffith.
NYC. 

Tell President Barack Obama Not To Talk Tough!

April 11-2009:

Tell President Obama Not To Talk TOUGH

If He Does Not Intend To ACT Tough!


Telling North Korea not to launch that missile, or else there would be consequences.

And after the missile was deliberately launched, then asking the Security Council to discipline them via some UN Resolution.

That declaration has made our president look like a WHIMP, and makes Dick Cheney's comments recently about him 
(Mr. Obama), not ready for the Big Leagues seem more convincing.

Now we have the Somalia Sea incident, and the US Navy is being held hostage, because they do not want to accidentally harm or kill an American Captain held hostage by pirates.

Sometimes one has to sacrifice the few (or the individual), for the good of the MAJORITY!

That is what leadership is all about!

Derryck S. Griffith.
NYC.

America's Siege In The Somali Sea!

April 11-2009:

America's Siege In The Somali Sea!

The French Squat Teams recently rescued some of it's citizens who were captured by pirates. One French citizen was killed in this effort.

However, the French government maintains that they will never allow pirates to exploit them or their people at sea.

But the USA is still playing PANSY with these pirates, and allowing ONE American male to hold the world most powerful Navy hostage, while the FBI, and the Commercial Shipping Firm negotiates, for what will never be resolved without the pirates getting (once again), their desires.

Derryck.
NYC.

Start A Dialogue With Cuba-But With A Clear Agenda!

April 09-2009:

Start A Dialogue With Cuba-But With A Clear Agenda!

Recently some members of The Black Caucus went on a fact finding visit to Cuba, but did not do a thorough or in depth evaluation of the socio-political climate therein.

The United States trades with China, even though it is still A Communist Dictatorship, and Human Right's abuses still obtain therein:

* Freedom Of Speech and The Media, is still controlled and policed by the state;

* Political Prisoners are still being incarcerated, tortured, and killed on a daily basis.

* And Freedom Of Religion, (those not sanctioned or approved by the state), is curtailed, and their followers harassed, and imprisoned. 

* The Dalai Lama's movement, and the FULAN GONG movement are cases in point!

But yet, the USA still allows trade, travel, and diplomatic relations with that state.

What Did The Black Caucus Achieved?

As far as I heard them explained. They seem to feel that meeting with Fidel Castro, his Brother, and other family members, was a big deal. They also seem to feel that the social climate is fine in that country too.

But they never sought to meet with any Anti-Communist/Dictatorship political advocate, or Agitator, Anti-Government Controlled Media representatives either, nor did they enquire about the political prisoners (in the hundreds), that are imprisoned there?

This to my mind was a huge dis-appointment for us all in this country (USA), and makes it absolutely necessary for the Obama administration to ensure that any dialogue he intends to re-establish with Cuba, contains the following agenda.

* The releasing of political prisoners.

* The Establishing of Freedom Of The Press, and other Media.

*Freedom To Assemble, Petition for or against National Policy by the masses. 

*And Freedom To Travel out of Cuba for all citizens, who are not criminals, or fugitives of Cuba.

* Re-establishing Trade with Cuba, and allowing money transfers from Cuban exiles here, to their relatives over there.

If we can get Cuba to comply with most of the above agenda items, then we would have made a significant improvement in our relations with Cuba and the Cuban government.

Derryck S. Griffith.
Educator-Advocate & Blogger.