FDIC meets NCLB
FDIC (Federal Deposit Insurance Corporation) and NCLB (No Child Left Behind) have something in common.
This afternoon I heard on the Andrea Mitchell Show that the FDIC is going to clean house when they find a bank is not performing up to snuff. There is also a provision in NCLB that cleans a school when it is not performing up to snuff. In NCLB, it is called “Re-constitution” when means if the school has been identified as being a low performing school for a number of years, (3?) EVERYBODY has to go. From the Principals to the custodians to the cafeteria workers and crossing guards who would then have to re- apply for their jobs. The idea is to break up cliques and other such social anomalies. I think that is what just happened in Washington, D.C. these past few weeks in a modified form.
By the way, in looking up FDIC I found it is a part of the Glass-Steagall Act of 1933 and I thought the act was dis-mantled during the Clinton administration. Of course, I may be wrong. Hard to keep up with so much shit going on now-a-days. Pop-corn ready and looking forward to Sen. Harry Reid’s grand soliloquy at 3:15 this afternoon.
As always,
BB
*FDIC http://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation
This afternoon I heard on the Andrea Mitchell Show that the FDIC is going to clean house when they find a bank is not performing up to snuff. There is also a provision in NCLB that cleans a school when it is not performing up to snuff. In NCLB, it is called “Re-constitution” when means if the school has been identified as being a low performing school for a number of years, (3?) EVERYBODY has to go. From the Principals to the custodians to the cafeteria workers and crossing guards who would then have to re- apply for their jobs. The idea is to break up cliques and other such social anomalies. I think that is what just happened in Washington, D.C. these past few weeks in a modified form.
By the way, in looking up FDIC I found it is a part of the Glass-Steagall Act of 1933 and I thought the act was dis-mantled during the Clinton administration. Of course, I may be wrong. Hard to keep up with so much shit going on now-a-days. Pop-corn ready and looking forward to Sen. Harry Reid’s grand soliloquy at 3:15 this afternoon.
As always,
BB
*FDIC http://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation
posted by BB at 2:10 PM
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