Day 65/100 Fighting Off A Cold
Cold Attacks
Stormin’
- https://www.lewrockwell.com/2025/12/no_author/why-we-accept-lies-and-reject-the-truth/
- https://www.themahareport.com/p/why-we-accept-lies-and-reject-the
- https://www.lewrockwell.com/2025/12/no_author/what-would-happen-if-a-major-bank-collapsed-tomorrow/
- I am sick as a dog, fighting off a cold.
Kaizen
- using whey in coffee and omelets
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Washington Mutual (WaMu) failed on September 25, 2008, in the largest bank failure in U.S. history, with $307 billion in assets and $188 billion in deposits. The collapse was a pivotal moment in the 2008 financial crisis, caused by a combination of high-risk lending practices, the collapse of the housing market, and a massive bank run. [1, 2, 3]
Causes of the Failure
- Subprime Lending: WaMu pursued an aggressive, high-risk lending strategy, becoming a major originator of subprime mortgages and “option adjustable-rate mortgages” (option ARMs). These loans often had liberal underwriting standards, with little or no documentation required to verify a borrower’s income or assets.
- Inadequate Risk Management: The bank’s management ignored internal warnings from its risk management team and focused on loan volume and quick approvals, incentivizing risky behavior among loan officers.
- Housing Market Collapse: When the U.S. housing market began to decline in mid-2007, a growing number of homeowners could not afford their mortgage payments, leading to a surge in defaults and billions in losses for WaMu.
- Bank Run: Following the high-profile failure of Lehman Brothers on September 15, 2008, panicked depositors withdrew $16.7 billion from WaMu accounts in just over a week. This massive outflow of cash left the bank with insufficient liquidity to continue day-to-day operations.
- Regulatory Actions: The Office of Thrift Supervision (OTS), WaMu’s primary regulator at the time, closed the bank due to its inability to meet its obligations and placed it into the receivership of the Federal Deposit Insurance Corporation (FDIC). [1, 2, 4, 5, 6, 7]
Aftermath
- Acquisition by JPMorgan Chase: The FDIC immediately facilitated the sale of substantially all of WaMu’s assets and liabilities to JPMorgan Chase for $1.9 billion. This transaction protected all depositors and ensured a seamless transition, with no cost to the FDIC’s Deposit Insurance Fund.
- Shareholder and Bondholder Losses: The holding company, Washington Mutual, Inc. (WMI), filed for Chapter 11 bankruptcy the next day. The bank’s equity holders and subordinated debt holders were largely wiped out and received no compensation for their investments.
- Industry Impact: WaMu’s collapse, along with other major financial institution failures, underscored the systemic risks present in the financial system and accelerated congressional action on the Troubled Asset Relief Program (TARP), a $700 billion financial sector bailout plan. [1, 2, 8, 9, 10]
AI responses may include mistakes.
[1] https://www.fdic.gov/bank-failures/status-washington-mutual-bank-receivership
[2] https://www.thestreet.com/personal-finance/what-happened-to-washington-mutual
[3] https://www.bankinfosecurity.com/washington-mutual-now-largest-bank-failure-in-history-a-979
[4] https://www.thebalancemoney.com/washington-mutual-how-wamu-went-bankrupt-3305620
[5] https://prmia.org/common/Uploaded%20files/ORM%20Designation/PRMIA_WaMu_100121.pdf
[6] https://www.fdicoig.gov/sites/default/files/reports/2022-08/10-002EV.pdf
[7] https://www.latimes.com/archives/la-xpm-2008-sep-26-fi-wamu26-story.html
[8] https://www.historylink.org/File/8795
[10] https://en.wikipedia.org/wiki/2008_financial_crisis
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Here are the main points from the article “Why We Accept Lies and Reject the Truth” (The MAHA Report, Dec 23, 2025):
- Honesty is difficult and uncomfortable — true honesty means facing truths we want to avoid, not just small everyday confessions. (The MAHA Report)
- Society hands down comforting cultural lies that are widely accepted without question, even though they shape our worldview deeply. (The MAHA Report)
- Example: Higher education myths
- Young people are told a college degree equals success.
- Reality: curricula are outdated, AI and automation have changed the job market, and degrees often lead to debt without promised outcomes. (The MAHA Report)
- People internalize lies and blame themselves when expectations fall short, rather than questioning the system or narratives. (The MAHA Report)
- Cultural and political narratives mislead and divide
- Media and political discourse promote tribalism and polarized ideas (e.g., identity politics, “wokeism”) without deeper reflection on societal healing or unity. (The MAHA Report)
- Superficial acceptance of media content
- Many accept what they see or hear online simply because it appears authoritative, without examining the source, motivations, or who benefits. (The MAHA Report)
- Honesty requires active questioning
- True discernment involves asking:
Whose voice is this?
Who profits?
What part of me is silenced? (The MAHA Report)
- True discernment involves asking:
- Personal willingness to believe lies is part of the problem
- Real honesty begins with recognizing our own readiness to accept comforting falsehoods instead of confronting reality. (The MAHA Report)
- Change is inevitable
- Shifts like AI’s impact on labor, evolving identities, and declining institutional legitimacy challenge old narratives. (The MAHA Report)
- Forward path lies in clarity, humility, and truth
- We must pursue living truth—an honest understanding of current realities—rather than outdated “rehearsed” versions from past frameworks. (The MAHA Report)
If you want, I can also summarize the article’s “10th Person” story and how it illustrates the theme of truth vs conformity.
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The Baháʼí community in Tampa, Florida, centers around the Baháʼí Faith Worship and Community Center of Greater Tampa, located at 3112 Nundy Rd, offering spiritual gatherings (devotionals, study circles) and community service projects, often meeting Sundays at 10 AM online via Zoom but also holding events in libraries and homes, welcoming all for spiritual growth, unity, and service. They focus on unity of religions, social welfare, and community building, with local contacts available via Meetup and national lines for info. [1, 2, 3, 4]
Key Locations & Contacts:
- Baháʼí Faith Worship and Community Center: 3112 Nundy Rd, Tampa, FL 33618.
- Tampa Baha’is for World Peace and Spirituality (Meetup): Hosts virtual meetings and lists special events for the Tampa area.
- National Contact: 1-800-22-UNITE (1-800-228-6483) for general inquiries. [1, 2, 4, 5]
Activities & Focus:
- Spiritual Gatherings: Devotional meetings, study circles on Baháʼí sacred texts, often online.
- Community Service: Food drives, serving the homeless, environmental cleanups, refugee support.
- Core Beliefs: Emphasize the unity of all religions, universal peace, and human betterment, drawing from founders like Baháʼuʼlláh. [1, 2, 6]
To find current event details and connect with local members, check the Tampa Baha’is Meetup page or use the national contact number, as activities vary and can happen in public spaces, homes, or online. [1, 4]
AI responses may include mistakes.
[1] https://www.meetup.com/tampa-bahais-meetup/
[2] https://www.mapquest.com/us/florida/bahai-faith-4592987
[3] https://m.yelp.com/biz/bahai-faith-tampa
[4] https://find.bahai.us/community/florida/tampa-bahai-center
[5] https://find.bahai.us/community/florida/pinellas-county
