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mathematically perfected economy™ (MPE™)    1  :   the singular integral solution of  1) inflation and deflation,  2) systemic manipulation of the cost or value of money or property, and  3) inherent, artificial multiplication of debt into terminal systemic failure;    2  :  every prospective debtor's right to issue legitimate promises to pay, free of extrinsic manipulation, adulteration, or exploitation of those promises, or the natural opportunity to make good on them;    3  :  our right to certify, to enforce, and to monetize industry and commerce by this one sustaining and truly economic process.

MORPHALLAXIS, January 14, 1979.

Mathematically Perfected Economy™ FORUMS, DISCUSSION

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 Post subject: Independent Community Bankers of America Rebelling!
PostPosted: 08 Mar 2009, 12:42 pm 
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Joined: 29 Jan 2008, 6:06 pm
Posts: 731
A bank to return $361 million of TARP's bailout money!

Linda Shen wrote:
Minnesota Bank Asks Why It Pays for Wall Street Greed

March 6 (Bloomberg) -- TCF Financial Corp., the Wayzata, Minnesota-based bank that never made a subprime loan & hasn’t lost money since 1995, is asking why it should help clean up the mess made by Wall Street.

“I’m kind of bitter,” said William Cooper, chief executive officer of the 448-branch bank, adding that over the years TCF has invested about $1 billion in the Federal Deposit Insurance Corp.’s fund that guarantees bank deposits. “We pay for the excesses of our competitor over & over again.”

TCF is among more than 8,300 banks & lenders insured by the FDIC facing increased fees & a one-time “emergency” charge designed to raise $27 billion this year for the agency’s depleted coffers. Community banks may take a 10 percent to 20 percent hit to 2009 earnings even if the FDIC halves that charge, said Camden Fine, president of the Independent Community Bankers of America.

The ICBA & its 5,000 mostly locally owned member banks are rebelling against the costs, as well as curbs on pay & business practices imposed on recipients of U.S. capital after public outrage over bonuses & perks.

Source:
http://www.bloomberg.com/apps/news?pid=20601109&sid=anmrn4H8hXfw&refer=home


Here is the Yahoo's source news video of TCF Financial Corporation's CEO, Mr. William Cooper!
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=12331057&ch=4226725&src=news




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 Post subject: Re: Independent Community Bankers of America Rebelling!
PostPosted: 08 Mar 2009, 4:18 pm 
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Joined: 08 Nov 2008, 8:21 pm
Posts: 248
Quote:
Minnesota-based bank that never made a subprime loan & hasn’t lost money since 1995, is asking why it should help clean up the mess made by Wall Street.

“I’m kind of bitter,” said William Cooper, chief executive officer of the 448-branch bank, adding that over the years TCF has invested about $1 billion in the Federal Deposit Insurance Corp.’s fund that guarantees bank deposits. “We pay for the excesses of our competitor over & over again.”


The system rewards the crooks at the expensive of those who are acting in good faith

Larry




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While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.



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