Patriot News Network

The following collection of articles by various authors are their opinions, inspiration and humor for your reading enjoyment.

Road to Depression

Factory orders drop for second straight month!

WASHINGTON - August 3, 2010 - Factory orders fell in June for the second straight month due to lower demand for steel, construction machinery and aircraft.

The Commerce Department said Tuesday that factory orders dropped by 1.2% to a seasonally adjusted $406.4 billion. Analysts expected a much smaller drop.

Road to Depression

Refinancing wave could cost bondholders 350 billion dollars!

NEW YORK - August 2, 2010 - Analysts at the investment bank Keefe, Bruyette & Woods (KBW) added to the growing consensus of voices skeptical of a government-backed refinancing wave.

Recent record-low mortgage rates have sparked fears amongst investors that a government-driven refinancing wave would boost prepayment speeds back to 2003 levels. According to KBW, there is a cost t

Road to Depression

Unofficial problem bank list numbers more than 800!

NEW YORK - July 30, 2010 - FDIC actions this week led to many changes in the Unofficial Problem Bank List as they closed five institutions and finally released their enforcement actions for June 2010. The list total finally pushes through the much-anticipated 800 level and finishes the week at 808 with aggregate assets of $414.8 billion.

Road to Depression

Failures on two coasts stretch toll for year to 108 bank closings!

WASHINGTON - July 30, 2010 - Five bank closures in four states Friday cost the federal government an additional $334 million in losses.

Regulators shuttered the $373 million-asset Coastal Community Bank in Panama City Beach, Fla., the $66 million-asset Bayside Savings Bank in Port Saint Joe, Florida, the $168 million-asset NorthWest Bank and Trust in Acworth, Georgia, the $529 mill

War on Freedom

Mindless bureaucrats shut down little girl’s lemonade stand!

Official extorters demand young child pay license fee.

PORTLAND, Oregon (PNN) - August 5, 2010 - It's hardly unusual to hear small-business owners gripe about licensing requirements or complain that heavy-handed regulations are driving them into the red.

So when Multnomah County shut down an enterprise last week for operating without a license, you mig

War on Freedom

Should videotaping the police really be a crime?

August 4, 2010 - Anthony Graber, a Maryland Air National Guard staff sergeant, faces up to 16 years in prison. His crime? He videotaped his March encounter with a state trooper who pulled him over for speeding on a motorcycle. Then Graber put the video - which could put the officer in a bad light - up on YouTube.

War on Freedom

Prison guard accused of wanting to overthrow the federal government!

CAMP HILL, Pennsylvania - August 2, 2010 - According to police in Cumberland County, Pennsylvania, a prison guard allegedly killed a lawyer and stole his custom rifle - part of a plan, the guard reportedly admitted, to steal guns in preparation for an armed coup.

Raymond Peake, a 64-year-old guard at the Camp Hill state prison, allegedly shot Todd Getgen to death at a local shootin