NV-Sen: Suzy Lowdown Gets "Truthy" on "Government Bailouts"

Another day, another Suzy Lowdown scandal in the making... Put this one in the "I'm not for socialism, except when it makes me more money" files.

Remember when Ms. Suzy proclaimed her outright hatred of the TARP bailouts last October, even going as far as to claim that she "never received any bailout or stimulus money"? And how she immediately back-tracked and flip-flopped in January?

Lowden had different reactions to the bank bail-out legislation and the stimulus package.

On bail-out spending: “It's easy to say, no, I wouldn't have voted for it. But people were panicked, we were facing collapse — that's what they were saying. It's easy to say from a distance I would have voted no, but I can't do that.”

On the stimulus, she said she would have been a definite no: “All you're doing is taking money from one person and putting it in the pocket of another person. They should have put money into people's pockets.”

Oh yes, that's right. We all know how Suzy Lowdown loves to put other people's money in her own pocket, no matter how illegal or unethical it is. And when remembering this, we discover why Suzy Lowdown keeps flip-flopping on TARP.

Colonial BancGroup claimed to have received $550 billion in TARP "bailout" funds in December 2008. OK, so why is this important? Suzy Lowdown's Archon Corporation received a $29 million credit line with Colonial in May 2008. This would have been impossible for Colonial to maintain if they were not asking for TARP funds.

But wait, Suzy Lowdown asked for Archon's line of credit in May 2008. There's no way she would have known it would later ask for a government bailout... Right? WRONG! She served on Colonial's board, so she very well knew about it. (Even though it was later revealed that Colonial did not qualify for TARP funds... So where was Ms. Suzy then and why did she allow the company whose board of directors she sat on to outright lie about receiving TARP funds??!!)

And hold on, it gets even worse. Colonial actually did end up receiving a government bailout, but only in the form of the FDIC stepping in when the bank failed, absorbing its losses, and selling its assets to BB&T. Now BB&T had already received $3.1 billion in TARP funds, and right after BB&T absorbed all of Colonial's client's accounts, none other than Suzy Lowdown reappears and gets Archon approved for another $29 million line of credit... Just 2 months before Ms. Suzy would jet over to Elko and claim that she "never received any bailout or stimulus money"!

And now? Oh now, Ms. Suzy's media people are claiming, “Sue would not have voted for the TARP or any of the other bailout bills in Congress ... period.” Oh no, Suzy Lowdown doesn't roll like that... She just claims not to support "government bailouts" while her own company benefits from those very "government bailouts"! I guess Jon Ralston didn't (yet) even know half of this story.

And by the way, my dear blog followers, it would have been super easy to just cut and paste the Reid campaign's latest dossier on Suzy Lowdown's bailout hypocrisy here... But because I love you more than that, I did my own research before posting any of this here. After all, this isn't some Republican propaganda outfit. We appreciate the real facts here, and I'll keep doing my best to provide the facts and "call 'em as I see 'em". :-)

NV-03: Dina Titus Will Face... Anyone?

Just as quickly as former bank executive John Guedry entered the NV-03 race against Dina Titus, he's now abruptly leaving. Here's the Republican's statement via Steve Sebelius:

“I entered this race to help make our state and nation a better place for my family and future generations of Nevadans. Recent events have compelled me as a father and husband to end my campaign for public office and focus my attention on important issues closer to home.

“I am incredibly honored and grateful for the tremendous support I’ve received during this campaign and I want to thank everyone who has been so involved and helpful.

“I am more confident than ever that the approach being taken by politicians in Washington D.C. is ill-advised and incorrect … it will just need to be another Nevadan to lead the fight to bring commonsense leadership to Congress and argue these important principles for Nevadans.”

Whatever. While there's no way for sure to know why he decided to drop out, it may be because his City National Bank record was all of a sudden being exposed. Come on, he led their grab of $400 million of our tax dollars while he advocated doing nothing about the 78,000 Nevadans losing their homes to foreclosure?

Why am I now not feeling surprised that he dropped out so suddenly?

The Banks Have Beaten Us to a Pulp... We Need to Fight Back!

My dad recently went through this horrid bit of hell.



And in his case, it wasn't ever his fault. The cell phone company made a massive mistake in double charging him for the month's bill last month, so the bank started charging overdraft fees because he was supposedly overdrawn... Even though he really wasn't.

But even though the cell phone provider ultimately fixed its billing error, the bank never refunded the overdraft fees. And in fact, they charged him even more later in the month when he was never really overdrawn... AGAIN!

The bankers are thieves. They really are. We can't trust them, yet the politicians misuse our tax dollars to keep bailing them out so they can keep stealing from us. Instead of getting any more bailouts from us, these bank executives should face criminal charges for what they've done to us.

After we follow Ralph Nader's advice and sue the banks, we should urge the feds to investigate them. Now that would be the ultimate revenge!