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Will the OWS Protesters Protest Obama's Newest Corporate Government Bank ?

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About R. Mitchell

Rich Mitchell is the Sr. Managing Editor of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and


  1. Recycled brown carrier bags are great alternate for plastic

  2. It’s hard to take you seriously if you don’t spell and grammar check. I stopped reading at “Low and behold”.

  3. Anonymous; expect us

    A Wall Street protester was promoting the Bank of North Dakota as a model. I have in fact spoken with other protesters about banks and….unanimously all adore credit unions. Erhem. Bank of North Dakota would be in some solid RED STATE country. You know, that odd place where the state budget is balanced.

    I think the idea is anything but Bank of America, et al. We already know too well what damage these guys too big to fail can do. And why the hell have the conservatives not come up with any solutions to this issue? Seems like you own half of the US Congress. And shame on you conservatives for making bongo-playing unemployed rag-tag simpletons figure out a solution to our damn corrupted banking/finance system.

    I’m not up to speed on the proposal mentioned above. I will be soon though.

    As the only state-owned bank in the nation, (charter established in 1919), The Bank of North Dakota acts as a funding resource in partnership with other financial institutions, economic development groups and guaranty agencies. Four established business areas: Student Loans, Lending Services, Treasury Services and Banking Services.

    Deposit Base
    In contrast to most commercial banks, Bank of North Dakota (BND) is not a member of the Federal Deposit Insurance Corporation (FDIC). North Dakota Century Code 6-09-10 provides that all BND deposits are guaranteed by the full faith and credit of the State of North Dakota.

    The deposit base of BND is unique. Its primary deposit base is the State of North Dakota. All state funds and funds of state institutions are deposited with Bank of North Dakota, as required by law. Other deposits are accepted from any source, private citizens to the U.S. government.

    Policy and Governance
    The state Industrial Commission oversees Bank of North Dakota, as mandated by the 1919 state legislature. Members of the Industrial Commission are the Governor, who acts as chairman, the Attorney General and the Commissioner of Agriculture of the State of North Dakota.

    The Bank also has a seven-member Advisory Board appointed by the Governor. The members are knowledgeable in banking and finance. The Advisory Board reviews the Bank’s operations and makes recommendations to the Industrial Commission relating to the Bank’s management, services, policies and procedures.

    • Anonymous; expect us

      The hyperbole is difficult to get past but I’m trying: ” The fact that Obama already took some $836 billion tax dollars in the Stimulus fraud and yet we still see unemployment at 9.1% somehow seems to escape the Occupiers.”

      We Occupying protestors probably know something that you don’t about the The $787 billion economic stimulus package approved by Congress. (No clue where you got your number.)

      ….like how the stimulus was spent, for example.

      There was $288 billion spent on tax cuts. What? $288 billion in tax cuts. What? $288 billion in tax cuts. Are you really complaining about Obama’s “spending”… on tax cuts? (?) You’re kidding. We think you’re not being honest with…. yourself…. is what we occupying protesters think.

      Did you know that we protesters know that four (4) independent studies have determined that Obama’s stimulus package did in provide between somewhere between 2 and 3 million jobs, depending upon which of the four (4) independent reports you believe. Yeah. We occupiers know that. Do you? CBO and McCain economic adviser Mark Zandi concluded, the American Recovery and Reinvestment Act (ARRA) as designed succeeded in saving jobs, reducing unemployment and boosting growth. An analysis last August by Zandi and Princeton economist Alan Blinder concluded that the federal government’s actions prevented “Great Depression 2.0.” Do you have any different info that is not just more unsupported assertion and conjecture? Anything more than conservative politicians saying it was less? Even “zero” jobs were created according to Rick “Texas Miracle” Perry. Lol! check this out: http://www.window.state.tx.us/recovery/

      Wait it gets better… in context.

      Perhaps it escapes you… and conservatives…. that under George W. Bush, whose tax cut windfall for the wealthiest 2% produced only…. one (1) million jobs in eight (8) years of his presidency start to finish. Yeah. The worst job creation performance since Hoover. Seriously. But don’t take my word for it. Look it up.

      After that performance Mitt Romney and Jon Huntsman echoed the House Republican “Plan for America’s Job Creators” by proposing to slash the income tax rate income tax rate from 35% to 25% for the people John Boehner described as “the top one percent (1%) of wage earners in the United States…we expect to reinvest in our economy.” …………Right.

      Thar’s is what has not escaped this occupier. For starters. There are many more of us than only my voice.


  5. I literally hate this union collaboration between Obama and these unions. This is pure theft of taxpayers money for purely political purposes. Why won’t someone in the government put a stop to this? And I’m not talking about voting against his jobs bill. We must go much, much further than just voting his jobs bill down, because afterall we have Harry Reid in the Senate, who is Obama’s partner from HELL. And I am convinced now that Reid is totally evil, and is so full of hatred of the American people and our wants and needs that he would do anything to take everything away from us, even our lives.

    I want to see real, active, opposition to this bank from the Republican’s. And you know what? Democrats can see right from wrong if you catch them on a good day. They to can vote against Reid and against bills which would create another monster to be added to Freddie and Fannie, and the Frank/Dodd Finance law, act, whatever the hell it is, because it’s just another scam to that has caused all this protesting. Isn’t it enough for these protesters that if the government sees your corporation getting “to big to fail” that it can come in and take over your business? Do they know anything about the Frank/Dodd bill? Do they know that it stops what the protesters are protesting against? But it does still allow bailouts, but it has to because if it didn’t the banks would reject the premise of the bill taking their ability to make as much money as they want. So Frank and Dodd put in the bill a bail out clause in order to get their cooporation.

    But this bank created to fund that campaign contributions from unions while making sure they get all the over charged money the union would need for fulfilling the demands and requirements of any building contract. You know, like contract over runs? What, to the tune of billions of dollars? As long as it’s over 25 million? That’s a joke!

  6. Other than the fact that we’ve already been through a time when Congress had a bank? They finally got that thing closed down because the Congressmen were so negligent in repaying their personal debt owed to the bank for cashing checks they didn’t have the money to cash(kinda like they do with our money now, huh), that the bank went “bankrupt”. And that was with money owed, to, that was never paid back. Sounds like they handle our tax money, so that means this one won’t be any different with one exception and that is it will be added for something I think is against the law.

    Isn’t taking taxpayer’s money, putting it into a fund for the purpose of buying votes, against the law? Isn’t that called money laundering, shake down money, imbesselment, just being a Chicago gangster like Obama enjoys being? Notice I didn’t say, “acting like”, I said “being” a Chicago gangster. It’s pay off money, buy off money, vote buying money, that belongs to us! I don’t want my money paid to the damn union bosses to buy their votes!!