Very Local News

Advanta bank went from 6% on loans to 35% over night. Advanta had a 20% default rate. Can you blame people? The Fed forced them to give back 35 million dollars and dropped the FDIC insurance. Advanta corp can only pay off old investors by attracting new investors. The investment advice is "Run for the exits."

There was an interview with a Belgian who worked at a GM plant there. He wasn't too worried about loosing his job because they have a safety net for such things. "I'll go find another job." That does sound nice. The libertarian in me laughs and says "How long can that last?" then walks off to have a beer with the syndic. The bleeding heart liberal in me is just silent because she was traded to the gypsies many years ago for a snickers bar.

There may be a new system in place in a few years that will completely replace the social security numbering system. The days of having a number you memorize is coming to an end. You just might have to have the replacement tattooed somewhere to keep it handy. Good luck getting Christians to do that. The trouble is,some graduate students cracked the formula from death reports and are able to guess SSNs based on place and time of birth without too much effort.