Ga.’s response to bank crisis exposes limits to federalism

Georgia politicians can sometimes talk a good game.

They complain a lot about federal interference and unfunded mandates from Washington (even as they more quietly accept billions in federal stimulus money). They talk about the Tenth Amendment and states’ rights and state sovereignty. Last week, the Georgia Senate approved a bill making it illegal for any state employee to implement any part of the federal health-reform law without a prior vote of approval by the Legislature.

Meanwhile, two more Georgia banks were ordered closed on Friday, raising the state’s total for 2010 to seven. Since Jan. 1, 2009, 32 Georgia banks have been closed by the Federal Deposit Insurance Corporation, easily the highest total in the nation.

This week’s victims were Unity National Bank of Cartersville, which was closed at a cost to the FDIC of $67.2 million, and McIntosh Commercial Bank of Carrollton, shuttered at a cost of 123.3 million. Like many of the closed banks, McIntosh was a state-chartered institution, meaning that state regulators had a primary role in ensuring that it remained viable.

Clearly they failed, as did the federal regulators with whom they shared that duty. But the federal government has at least acknowledged its failure, studied its mistakes and is attempting to correct them. Congress has held hearing, inspectors general have performed post mortems, and last week the FDIC named a new director, Thomas J. Dujenksi, to head its Atlanta regional operations.

“He’s well-known, well thought of, tough as nails,” said Byron Richardson, an Atlanta banking consultant.

“He’s no-nonsense, by the book,” Richardson said. “When you go in there with a proposal, you better have all your T’s crossed, all the I’s dotted. You better be able to answer any question. He’s a one-man tribunal.”

Dujenski succeeds Mark Schmidt, who moved to the FDIC’s Washington office last year amid a shakeup that saw several top Atlanta regional managers move to other FDIC offices.

Yet neither the state Senate nor House banking committee has shown even the slightest bit of curiosity about why Georgia banks are in such trouble, how state regulators failed in their duty to protect taxpayers and investors or whether tighter state rules or laws are needed to prevent such failures.

Legislators have abdicated their oversight duties, largely because they would not like the answers they would probably find. The revelations might force them to hire more regulators and give them more authority and tighten rules, none of which they want to do. They’ll leave all that dirty work to the feds, even as they complain about federal intervention.

298 comments Add your comment

USinUK

March 29th, 2010
8:13 am

ahem. first.

oh. and Peeps.

USinUK

March 29th, 2010
8:14 am

“Yet neither the state Senate nor House banking committee has shown even the slightest bit of curiosity about why Georgia banks are in such trouble, how state regulators failed in their duty to protect taxpayers and investors or whether tighter state rules or laws are needed to prevent such failures.”

the question is, Jay – how many of them serve on bank boards? now, THAT is something voters should know.

Scout

March 29th, 2010
8:15 am

Time for a little “check and balance” …………… SCOTUS will work it all out. It will just take some time.

TaxPayer

March 29th, 2010
8:16 am

I heard that the Republicans were thinking about giving the state banks a tax cut in order to fix what ails them. And maybe get rid of a few more of those burdensome regulations. After all, we all know that taxes and regulations are what have destroyed this once great nation… and state.

Bud Wiser

March 29th, 2010
8:18 am

Enter your comments here

Normal

March 29th, 2010
8:18 am

Time for a little “check and balance”

But Georgia Legislators want the feds to write the checks and then they will do the balance…

Paul

March 29th, 2010
8:21 am

Jay

[[Last week, the Georgia Senate approved a bill making it illegal for any state employee to implement any part of the federal health-reform law without a prior vote of approval by the Legislature.]]

I can’t think of any way to ask this that doesn’t sound rude.

Are Georgia legislators smart enough to be embarrassed?

USinUK

March 29th, 2010
8:22 am

Paul – 8:21 – NO.

this has been another edition of simple answers to simple questions.

Paul

March 29th, 2010
8:22 am

USinUK

[[oh. and Peeps.]]

Given the topic, did you mean “Perps”?

Jay

March 29th, 2010
8:23 am

Bud Wiser

March 29th, 2010
8:24 am

I have returned, and with exciting news!!

Lawyers all over the country are saying that the final draft of the health care bill that Obowo signed in FACT does not contain provisions for people with pre-existing medical conditions, and children, CANNOT acquire health insurance as mandtaed (supposedly) by the govt from the evil insurance companies.

Those provisions, as told to the American people by the Liar in Chief and the drooling dimwittocrats, are not in the bill signed into law; however, the taxing provisions are there still. so just think of the money that will be heaped upon the American taxpayers by these idiots NOT READING the final bill!

Oh HAPPY DAY, don’t we all love paying for other peoples laziness, stupidity, and fraud and waste?

It just gives me a chill that runs up my leg.

Paul

March 29th, 2010
8:24 am

USinUK

(reference the prior thread)

Since I criticized Republican politicians, does this mean I’ve switched back to being a Democrat?

I need a scorecard….,

jt

March 29th, 2010
8:25 am

” But the federal government has at least acknowledged its failure”

Never happen.

And why not fail? The banks were forced at gun-point to buy FDIC insurance for YEARS.

No big deal to see some returns on your extortion. I meant investments.

Scooter

March 29th, 2010
8:28 am

Good morn all.And congrats on being FIRST USinUK!

Scout

March 29th, 2010
8:30 am

Normal:

Cute ………….. but like I said, SCOTUS will have to work it all out.

It’s just the way its done in our country utltimately ruled by judicial oligarchy.

stands for decibels

March 29th, 2010
8:32 am

USinUK, your answer is:

All right, Jay, enough with the braggin’.

TaxPayer

March 29th, 2010
8:39 am

On the brighter side, the Georgia Legislature did approve more increases in its budget. Sayin’ hell no to increased taxes and regulations is tough work.

Bubba

March 29th, 2010
8:44 am

This “Georgia Republicans oppose stimulus programs then accept stimulus money” that is repeated ad nauseum here is really getting tiresome. Yes, Republicans opposed the stimulus program. They voted against it. But once it was enacted, GEORGIA TAXPAYERS ARE FORCED TO HELP PAY FOR IT! So of course our elected officials wouldn’t turn down the money. Is that really so hard to understand?

jt

March 29th, 2010
8:46 am

Clearly,

the answer is to our “federalist” redneck problem is to increase the FDIC maximum to 500,000 dollars,

and hire more regulators.

USinUK

March 29th, 2010
8:46 am

I shoulda knowed that Jay would be all over this!! way to go, Jay-man!

Fiduciary responsibility??? wha??? no wonder they don’t want to put themselves under the microscope …

Paul – “Given the topic, did you mean “Perps”?”

ooooo … well played, sir!

Keith Olberman sold his testicles to Rachel Maddow

March 29th, 2010
8:49 am

“Georgia politicians can sometimes talk a good game.”

Yeah, Bill Campbell, Shirley Franklin and Roy Barnes all come to mind. Whatever happened to that guy who fell on his own grenade?

Jay

March 29th, 2010
8:50 am

Actually, Bubba, I think you’re right, but only to a point. Once the money is appropriated, Ga. officials do have a responsibility to ensure the state gets its share. I have no problem with that whatsoever. That’s their job.

However, when Ga. officials want to claim credit for the money, when they show up to brag about all the jobs some program will create in their district even while they’re up in Washington claiming it won’t create any jobs at all … at that point, we do have a problem.

Keith Olberman sold his testicles to Rachel Maddow

March 29th, 2010
8:50 am

I would sure hate to be living in Europe right now.

stands for decibels

March 29th, 2010
8:50 am

Fiduciary responsibility??

Emphasis on the “douche”.

stands for decibels

March 29th, 2010
8:51 am

I would sure hate to be living in Europe right now.

Me, I’d hate being so lonely I had to resort to a handle like yours to get some attention.

later, kids.

Keith Olberman sold his testicles to Rachel Maddow

March 29th, 2010
8:51 am

“However, when Ga. officials want to claim credit for the money, when they show up to brag about all the jobs some program will create in their district even while they’re up in Washington claiming it won’t create any jobs at all … at that point, we do have a problem.”

Couldn’t agree more!!!!!!

Cherokee

March 29th, 2010
8:51 am

“So of course our elected officials wouldn’t turn down the money. Is that really so hard to understand?”

I don’t mind that they accepted it Bubba, but do they have to schedule photo ops and brag about bringing home Federal money to the state, after voting against it? Seems kind of boorish, to me.

Keith Olberman sold his testicles to Rachel Maddow

March 29th, 2010
8:52 am

“Me, I’d hate being so lonely I had to resort to a handle like yours to get some attention.”

As opposed to “How do you spell dumbass? GLEN BECK??????????????????????????

Bubba

March 29th, 2010
8:52 am

Yeah, the oversized check presentation was a little over the top. But big deal. I don’t remember Democratic congressmen who voted against the Bush tax cuts insisting that their constituents pay higher taxes.

Bosch

March 29th, 2010
8:53 am

Paul,

“Are Georgia legislators smart enough to be embarrassed?”

Uh, no.

I saw my State Senator in the grocery store this weekend – I was tempted to go up and ask, “What the hell is going on in the ATL?” But I didn’t. My shrimp might have spoiled because the conversation would have lasted tooo long.

Rachel Maddow secretly wants to be a 15 year old boy

March 29th, 2010
8:53 am

Better for ya stands for decibels?

Rachel Maddow secretly wants to be a 15 year old boy

March 29th, 2010
8:54 am

“I saw my State Senator in the grocery store this weekend”

Cynthia McKinney is still pretending to be your senator?

UNMENTIONABLE....................?

March 29th, 2010
8:56 am

ive left josef for Rachel M.

Bosch

March 29th, 2010
8:57 am

“Cynthia McKinney is still pretending to be your senator?”

Uh, no. She isn’t. She never was, she was, however, a U.S. Senator. I was referring to the Senator who represents my district on the State level, hence, the way I formed the question to include Atlanta instead of Washington, D.C. See now?

Rachel Maddow secretly wants to be a 15 year old boy

March 29th, 2010
8:57 am

From the NY Slimes I mean Times.

Democrats Cheer Now, but Grim November May Lie Ahead

In politics, as in sports, the thrill of victory sometimes pales alongside the agony of defeat. In 2010, Democrats remain on track to experience both.

Achievement of their decades-long quest for comprehensive health care legislation left Congressional leaders and White House aides jubilant. It broke, at least temporarily, the psychology of failure that threatened President Obama’s administration as it had burdened President George W. Bush’s tenure.

But the new spring in the steps of Democratic lawmakers has not reversed the likelihood that there will be fewer of them next year. Mr. Obama’s signature on the health care law did not reduce a national unemployment rate that hovers around double digits and is likely to stay there through the November elections.

http://thecaucus.blogs.nytimes.com/2010/03/28/democrats-cheer-now-but-grim-november-may-lie-ahead/?ref=todayspaper

“How do you spell dumbass? Glenn Beck

March 29th, 2010
8:57 am

What! Did I misspell the dumbass’s name!

GoingBroke

March 29th, 2010
8:57 am

Morning All…Thanks Jay.. excellent point this morning.. Makes me feel better knowing we have inept people running the STATE and FEDERAL Govt..

Peadawg

March 29th, 2010
8:57 am

I agree w/ USinUK @ 8:14.

This is what happens when lawmakers sleep w/ lobbyists!

Rachel Maddow secretly wants to be a 15 year old boy

March 29th, 2010
8:57 am

I was joking with you Bosch.

Normal

March 29th, 2010
8:58 am

UNMENTIONABLE: Whiner, is that you? Maybe it’s Bud, but whoever you are…come on out, we understand…

Who is Glenn Beck?

March 29th, 2010
8:59 am

Ann Coulter’s wife. It’s true you know.

MSNBC ranks dead last in ratings

March 29th, 2010
9:00 am

Suicide bombs went off in Moscow. It’s only a matter of minutes before Nancy Pelosi and Harry Reid call for an investigation into the Tea Party Movement.

TaxPayer

March 29th, 2010
9:01 am

This is what happens when lawmakers sleep w/ lobbyists!

Then again, maybe it would not have happened if they had only been sleeping.

USinUK

March 29th, 2010
9:03 am

good gravy … it looks like someone has just popped their ritalin for the day …

UK is going broke that's fo sho!

March 29th, 2010
9:07 am

“Yet neither the state Senate nor House banking committee has shown even the slightest bit of curiosity about why Georgia banks are in such trouble, how state regulators failed in their duty to protect taxpayers and investors or whether tighter state rules or laws are needed to prevent such failures.”

Hate to break it to you Jay, but banks are going bust in every state. I’m surprised that you are singling out GA banks when banks are failing all over the country. Oh boy, yep, just like a solid democrat you want MORE rules. More regulation! NANNY STATE!!!!!!!!!

States Rights!

March 29th, 2010
9:08 am

The reasons for more states rights are:

1. Reverse the illegal civil rights act of 1964, and take back people’s property that was seized by the federal government;

2. Make abortion illegal to reflect the values of our state; and

3. Prevent the federal government form taking our guns away from us!

UNMENTIONABLE.......?

March 29th, 2010
9:08 am

i’m so lonesome I could cry………..

Paul

March 29th, 2010
9:08 am

G’morning, Bosch

I thought that might’ve been the correct answer.

On a similar note, the four Congressmen whose districts encompass this area have all said no earmarks’ this year. None. ‘course, they’re relying on Sen Hutchison to earmark gazillions for some local transportation issues.

But now, for really important news: today is Number Three’s birthday!

And her age is: (this is so symbolic, I’m looking for the swooning couch) 42!!! Which is perfection embodied, as it’s also the Answer to the Ultimate Question of Life, the Universe and Everything!

yeah, I’ve been up a while. Don’tcha’ hate it when someone else’s coffee kicks in before yours?

JM

March 29th, 2010
9:10 am

The state has a right to be laissez-faire if they want, regarding the banking system. It makes for a slightly more volatile, but ultimately more prosperous state economy. I’ll take the small additional volatility in return for higher prosperity.

If the feds want to over-regulate banks (which they are currently), that’s their prerogative.

AmVet

March 29th, 2010
9:11 am

sfd,

Fi-douche-iary responsibilty?

Too funny!

From “Houston County land deal” Sonny to “I’m in their pockets” Oxendine to the farcical Georgia PSC, these States Rights boys are just the local version of foxes guarding the hen house.

And we sit by and enable them to steal our eggs…

chuck

March 29th, 2010
9:11 am

Bosch, UMMMM Cynthia McKinney as US SENATOR!?!??!

I don’t think so.

Road Scholar

March 29th, 2010
9:13 am

I thought that 37 banks in Ga have gone under. That may include some before Jan 2009. Hey , we’re No 1…No other state has as many! Now where are we with education?

While off subject , “Legislative leaders voted in 2006 to raise the amount lawmakers get to cover meals, lodging and other expenses from $128 to $173 per day. So each of the 236 lawmakers — from both parties — can collect an extra $1,800 each 40-day session in expense money.”

Under the new ethics language alledgedly moving forward, lawmakers can still accept meals and gifts from lobbyists. With a per deim of $173, why? I realize this also covers renting somewhere to stay. They should forfeit their per deim if they accept anything. No gifts, no fraud, no influence, no problem!

USinUK

March 29th, 2010
9:14 am

“Hate to break it to you Jay, but banks are going bust in every state. I’m surprised that you are singling out GA banks when banks are failing all over the country.”

but GA seems over-represented compared to other states:

“http://www.fdic.gov/bank/individual/failed/banklist.html”

Normal

March 29th, 2010
9:14 am

I didn’t know the Government had a federal government form to take our guns away…good on ‘em…

USinUK

March 29th, 2010
9:15 am

9:08 – oy, vey. :roll:

Curious Observer

March 29th, 2010
9:15 am

1. Reverse the illegal civil rights act of 1964, and take back people’s property that was seized by the federal government;

At last! The Georgia conservatives and the Tea Partiers finally indulge in truth in advertising. Somebody needs to round up all the progeny of slaves and return them to their owners.

UNMENTIONABLE.......?

March 29th, 2010
9:15 am

Enter your comments here

UK is going broke that's fo sho!

March 29th, 2010
9:16 am

“but GA seems over-represented compared to other states:”

Check out IL and CA.

Normal

March 29th, 2010
9:16 am

Road Scholar

March 29th, 2010
9:13 am
I thought that 37 banks in Ga have gone under. That may include some before Jan 2009. Hey , we’re No 1…No other state has as many! Now where are we with education?

I think the Scholar has hit onto something there. We are pretty bad in math… ;)

USinUK

March 29th, 2010
9:16 am

“Then again, maybe it would not have happened if they had only been sleeping.”

which is why my presidential platform calls for a national siesta – I think everyone would be a little happier if they got 2 fig newtons and a small glass of milk right before a nice hour-long nap around 1:30 or 2.

UK is going broke that's fo sho!

March 29th, 2010
9:17 am

“Somebody needs to round up all the progeny of slaves and return them to their owners.”

A liberals wet dream.

AmVet

March 29th, 2010
9:17 am

JM, is that 9:10 tongue in cheek?

GoingBroke

March 29th, 2010
9:17 am

Curious.. 10 – 1 it was a lib that posted that.. They like to fake things to the media has something to report..

Bosch

March 29th, 2010
9:18 am

Xena the Warrior Princess is only 42? I thought she was older than that. She’s so wise and all.

“Which is perfection embodied, as it’s also the Answer to the Ultimate Question of Life, the Universe and Everything!”

That’s me too, ya’ know. ;-) Scary, huh? And we’re both Pisces.

Your little epiphatic burst for some reason reminded me of the scene in the Incredibles where the little kids says something to the effect of “This is the best vacation EVER!!” and then swoons on the car seat.

Steven Daedalus

March 29th, 2010
9:18 am

If any bunch of idiots ever needed to be investigated TP’s should, Luchovich’s cartoon yesterday is a classic.

USinUK

March 29th, 2010
9:18 am

“Check out IL and CA”

IL has 28

CA has 25

GA has 37

Bosch

March 29th, 2010
9:19 am

chuck,

Yeah, my bad. US Representative.

UNMENTIONABLE.......?

March 29th, 2010
9:21 am

?????????????????????????//

USinUK

March 29th, 2010
9:22 am

Bosch – “Yeah, my bad. US Representative.”

how can anyone forget the Cynthia McKinney Memorial March-to-the-Sea District that was the GA 11th??? eep.

Bosch

March 29th, 2010
9:22 am

Paul,

OY! We’re not both Pisces. I need more coffee.

Hank Williams Jr.

March 29th, 2010
9:22 am

IF HEAVEN AINT ALOT LIKE DIXIE, I DONT WANT TO GO !!!!!!!!!!!

Bosch

March 29th, 2010
9:23 am

USinUK,

I know, I know, I know. I was talking State Senators, then somebody up yonder said something about Cynthia McKinney, so the word “Senator” just stuck in my brain. I haven’t had enough coffee yet to get all the sticky stuff out of my brain yet.

UK is going broke that's fo sho!

March 29th, 2010
9:23 am

“IL has 28

CA has 25

GA has 37″

And that’s a good thing?

USinUK

March 29th, 2010
9:24 am

Bosch – sticky stuff in your brain??? sounds like cheesy shrimp grits build-up to me …

UNMENTIONABLE.......?

March 29th, 2010
9:25 am

Someone talk to me……….

UK is going broke that's fo sho!

March 29th, 2010
9:25 am

“They like to fake things to the media has something to report..”

Yeah, like Dan Rather’s made up National Guard document. Another classic was the Today Show’s “Iowa flood canoe” where that reporter talked about how deep the flood was in Iowa WHILE two men walked past the camera!!!!!!!!!!!!!! HILARIOUS!!!!!!!!!

Paul

March 29th, 2010
9:26 am

USinUK

Preliminary estimates are Texas is gonna pick up three or four seats in the House as a result of the census.

Some here are gonna go nuts – (likely using all sorts of stereotypical language).

Ragnar Danneskjöld

March 29th, 2010
9:26 am

A vibrant economy has successes and failures. We understand that leftism is dedicated to quashing any vibrant economy.

UK is going broke that's fo sho!

March 29th, 2010
9:28 am

“We understand that leftism is dedicated to quashing any vibrant economy.”

Well, that’s how welfare works. Take money from the achievers and give it to the lazy idiots who vote for democrats.

Paul

March 29th, 2010
9:28 am

Bosch

Aw, nuts. Was thinkin’ as having the same sign is supposed to mean incompatibility or something, I got dibs….

You should try my coffee. Same triple-strength caffeine as Starbucks. Za-zoing! (If you can use ‘epiphatic’ I can use “Za-zoing’).

We're Number ONE

March 29th, 2010
9:28 am

Normal

March 29th, 2010
9:29 am

UNMENTIONABLE…….?

March 29th, 2010
9:25 am
Someone talk to me……….

You have to come out first. The door makes it hard to hear you…

We're Number ONE

March 29th, 2010
9:30 am

Yeah, like Dan Rather’s made up National Guard document. Another classic was the Today Show’s “Iowa flood canoe” where that reporter talked about how deep the flood was in Iowa WHILE two men walked past the camera!!!!!!!!!!!!!! HILARIOUS!!!!!!!!!

Rowing down main street! You’re right. That is HILARIOUS! har har har.

USinUK

March 29th, 2010
9:30 am

“And that’s a good thing?”

where in the name of Cadbury Cream Eggs did you get that anyone thinks that’s a good thing???

you said that Jay was emphasizing GA banks when banks around the country were going broke. I was making the point that GA has a higher number of floundering banks than any other state – that seems to indicate that something is a whole lot “broker” in GA than anywhere else …

We're Number ONE

March 29th, 2010
9:32 am

Let’s get rid of the FDIC and see how willing people are to put their money in those local banks then.

GoingBroke

March 29th, 2010
9:32 am

FinnMcCool

March 29th, 2010
9:33 am

Looks like this blog picked up some new wingnuts over the weekend.

“Sometimes you feel like a nut…”

USinUK

March 29th, 2010
9:34 am

“Let’s get rid of the FDIC and see how willing people are to put their money in those local banks then”

bring back the Bailey Building and Loan!

UNMENTIONABLE.......?

March 29th, 2010
9:34 am

I am out. …..josef has left, do you not understand??

AmVet

March 29th, 2010
9:34 am

“A corporate controlled oligarchy and vibrant nearly ruined economy has successes and failures innumerable white collar criminals.”

USinUK

March 29th, 2010
9:35 am

Going Broke – meh. until final plans are out, no “leaked” plans really mean anything.

Warrior Woman

March 29th, 2010
9:35 am

In reality, state banking regulators NEVER have the primary role in regulating a federally insured financial institution. The FDIC has primary responsibility for state-chartered banks that aren’t members of the Federal Reserve and the FRB has primary responsibility for state-chartered banks that are members of the Federal Reserve. The GA Dept. of Banking and Finance is just along for the ride.

As for why so many banks have failed? When the FDIC permitted banks to invest excessively in housing construction and development, everyone knew this was a likely outcome.

AmVet

March 29th, 2010
9:36 am

Rag and mystery meat both intentionally fail to grasp an obvious, elementary and irrefutable fact.

We have just witnessed the greatest transference of wealth UPWARDS in this nation’s history and they thought it was all trickling down and being given away to welfare queens…

We're Number ONE

March 29th, 2010
9:37 am

bring back the Bailey Building and Loan!

Wouldn’t that just be a wonderful life.

UK is going broke that's fo sho!

March 29th, 2010
9:37 am

“where in the name of Cadbury Cream Eggs did you get that anyone thinks that’s a good thing???”

That’s KRAFT Cream Eggs to you! Kraft bought Cadbury. Where did I get that from? Well, you pointed out that IL and CA didn’t have as many as GA………………..

“that seems to indicate that something is a whole lot “broker” in GA than anywhere else …”

Oh how little you know. Broke=California, Illinois and Michigan.

Cheryl

March 29th, 2010
9:37 am

@UK Broke- I heard it reported today on Morning Edition on NPR that the state of GA leads the nation in the number of failed banks. Sure it’s happening all over, but it’s happening here more! It’s tied to the new home housing bust, and we all know that here in metro Atlanta the developers were granted permission to build their little mansions on every piece of pasture and forest in the area. No buyers, they go bust, and take the banks down with them.

Byron Mathison Kerr

March 29th, 2010
9:37 am

Jay wrote:
Last week, the Georgia Senate approved a bill making it illegal for any state employee to implement any part of the federal health-reform law without a prior vote of approval by the Legislature.

I find it very irritating that Georgia officials are focusing on issues already hotly debated at the federal level instead of dealing with the many problems we have at the state level. We already have a budget crisis. Whether they instigate futile law suits or pass laws that will lead to futile law suits, we sure don’t need to be throwing good money away!

One thing that remains consistent for decade after decade, good sense under the gold dome has always been a deficit.

Paul

March 29th, 2010
9:38 am

AmVet 9:36

Does this mean they’re qualified to run for the Georgia Legislator?

Paul

March 29th, 2010
9:39 am

AmVet

Make that “Legislature.”

UK is going broke that's fo sho!

March 29th, 2010
9:39 am

USinUK

How’s you gone take it when the UK raises taxes by 50%?