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September 21, 1944 ~ March 12, 2023

ABBEVILLE —  Guy Paul Boudreaux, 78, passed away peacefully on Sunday, March 12, 2023 surrounded by his loving family. A rosary and memorial service will be held in his honor on Wednesday, March 22, 2023 starting at 9 a.m. at St. Mary Magdalen Catholic Church, 300 Pere Megret St., Abbeville. The Rev. Msgr. Keith DeRouen, pastor of Our Lady Queen of Angels Catholic Church, will officiate the services. A private mausoleum service will be held for immediate family.
Guy, was born on September 21, 1944 in Abbeville, Louisiana to Frank Louis and Leyon Hebert Boudreaux, he was the youngest of three children.
Guy grew up and was educated in Abbeville where he met and married the love of his life, Cheryl Ann Theriot on September 18th, 1965, where they had and raised three loving children. He served in the Army National Guard of Louisiana for six years and was honorably discharged. Guy started working on the docks at Broussard Brothers, Inc. at the young age of 19 where he retired as President 49 years later. He and his wife also owned and operated a very successful oilfield service company. 
Guy was an amazing and generous husband, father, son, brother, grandfather, great-grandfather and friend to all.  Guy had a passion for traveling, golfing and spending time with his family and friends.  He was a brilliant and vivacious soul who was always laughing and telling the best stories. He touched many lives with his big heart and generous nature. 
Survivors include his children and their spouses, Kathryn and Sam Hoffpauir, Kevin and Heather Boudreaux, and Lisa and Ken Alexander; seven grandchildren, Jarrod Motty, Lauren and Brady Broussard, Andrew Hoffpauir, Zachary Boudreaux, Jake Hoffpauir, Jean-Paul Boudreaux and Anne-Marie Alexander; four great grandchildren,
Jarrod-Michael Motty, Jonathan Motty, Talon Broussard and Ava Broussard; and sister-in-law, Celeste Hebert Boudreaux. 
Preceded in death by his beautiful and loving wife, Cheryl Theriot Boudreaux; his parents, Frank and Leyon Boudreaux; his brothers, Frank L. Boudreaux, Jr. and Alfred J. Boudreaux; and sister-in-law, Darleen Place Boudreaux. 
The family requests that visiting hours be observed at St. Mary Magdalen Catholic Church, 300 Pere Megret St., Abbeville, on Wednesday, March 22, 2023, from 9 a.m. until service time at 11 a.m. A rosary will be prayed at 10:30 a.m.
Condolences may be sent to the family at www.vincentfuneralhome.net.
All funeral arrangements are being conducted by Vincent Funeral Home of Abbeville, (337) 893-4661.

A family's pet nutria is set to be removed from the home of a New Orleans couple and moved to the Baton Rouge Zoo to be part of an educational exhibit, the Louisiana Department of Wildlife and Fisheries (LDWF) announced Thursday.
It is illegal to have a wild animal as a pet, especially a nutria.
LDWF discovered the existence of the pet nutria after stories about the animal appeared this week in New Orleans area media. Once the status was made public, the department recommended its removal. The department also started communications with the Baton Rouge Recreation and Park Commission which operates the Baton Rouge Zoo, to find a means of saving the animal.
BREC and Zoo officials agreed Thursday to accept the animal.
After those arrangements were completed, LDWF agents contacted the owners and told them that the animal will be removed and that arrangements have been made with the BR Zoo. In most cases, the animal would be placed back into the wild. However, LDWF biologists and Zoo officials said that because the animal has been habituated to humans, it would not be able to survive in the wild.
It is against the law in Louisiana to possess injured or orphaned mammals without an LDWF Rehabilitation permit, even if there is a plan to release them. It is illegal to possess wildlife as a pet or for the pet trade. There is no permit for this activity, and no permit will be issued for it.
In a statement issued Thursday, Zoo officials said it "plans to take in the nutria into our animal family…The nutria will join our Ambassador Animal Program.”
"The Zoo's professional staff will care for the nutria as they would all other animals within their skilled care and looks forward to bringing a new member into the zoo animal family."
LDWF appreciates the owner's affection for the animal and their understanding of the rules regarding its removal. LDWF discourages the public from housing wild animals as pets.
For more information about nuisance wildlife or the rehabilitation of injured or orphaned wildlife visit: https://www.wlf.louisiana.gov/page/injured-orphaned-wildlife.

September 11, 1931 ~ February 5, 2023

ABBEVILLE — Graveside services will be held at St. Paul Cemetery in Abbeville, Saturday, March 18, 2023 at 10:00 a.m. honoring the life of Norma Jean Armijo, who died Sunday, February 5, 2023 at the home of her daughter Elizabeth, with her 3 daughters and her dog Barkley at her side. She was a 23 year member of St. Mary Magdalen Catholic Church.
She is survived by her children Elizabeth Hare of Lafayette, Katherine (Bob) Cormier, of Abbeville, and Pamela (Chris) Flood of Prescott Valley, AZ. Her grandchildren Audra (Andy) Alvarado, of Magnolia, TX; Noel (Samantha) Cormier, of Maurice; Jared Elkins of Blythe, CA; Mitchel (Amy) Cormier, of Youngsville; Brian (Taylr) Flood of Prescott, AZ; Vickie Flood, of Prescott Valley, AZ; Mary (Jacques) Migues, of New Iberia. Her great grandchildren Cameron Etie’, Aryelle Cormier, Ethan Alvarado, Andrew Alvarado, Jaxson Newsom, Blake Migues, Ellieanna Newsom, Philip Cormier, Elijah Cormier, Frank Migues, Remington Flood, Austin Flood, Abram Cormier, Nora Jean Cormier, Jameson Flood and Abigail Cormier.
She was preceded in death by her husband, Elmer Armijo Jr.; her son Martin Armijo; her son-in-law Daniel Elkins; her great granddaughter Kailey Ryan Flood; her great grandson Colt Mathue Flood.
Her daughters would like to thank Karen Stelly R.N., her caregiver Clarissa Starland, Valerie Dore’ her Social Worker and Pastor Mark all of Community Hospice. Her neighbors Keith and Jackie Foreman and Dave and Brenna Suter, and all who brought meals and treats for her and her family during her illness.
“Sometimes it’s hard for us not to wish for one more day, one more word, one more chance to say goodbye, but rest assured that you were a joy to your family every day of your life.”

Amid a spectacular banking crash over the weekend, the Federal Reserve and U.S. Treasury have intervened to guarantee $230.6 billion of uninsured deposits at Silicon Valley Bank (SVB) totaling $151.6 billion in California and Signature Bank in New York totaling $79 billion.
It goes without saying this is a terrible precedent. There are $44.8 trillion of uninsured checkable and time and savings deposits—that is, those in accounts above the statutory $250,000 limit for Federal Deposit Insurance—in U.S. affiliated banks as of March 9, according to the latest data compiled by the Federal Reserve.
Are the Fed and Treasury planning on guaranteeing all of those deposits, too? Because that’s the door they just opened, without any vote in Congress, utilizing authority from the 2010 Dodd-Frank financial takeover legislation, in particular, 12 U.S. Code Section 5463, “Designation of systemic importance,” which provides that the “Financial Stability Oversight Council… on a nondelegable basis and by a vote of not fewer than 2/3 of members then serving, including an affirmative vote by the Chairperson of the Council, shall designate those financial market utilities or payment, clearing, or settlement activities that the Council determines are, or are likely to become, systemically important.”
This is exactly what Americans for Limited Government warned would happen back in 2010 in a backgrounder on the Dodd-Frank financial legislation I authored, “Down a Rabbit Hole: The Threat Posed by the Dodd Bill to the Private Sector,” which stated, “the Fed and Treasury Secretary would… have the power to determine which companies fall under the terms of the legislation, and which do not, depending on which activities they together determine to be financial in nature, or incidental thereto. Because of the broad authorities involved, any company or institution in the entire country could be deemed ‘financial’ in nature and subject to seizure by the FDIC because it might default at some point in the future.”
Now, SVB Bank and Signature Bank will be “resolved” by the Federal Deposit Insurance Corporation (FDIC), according to the March 12 joint statement by the U.S. Treasury, Federal Reserve and the FDIC: “After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer. We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole.”
The statement added, “As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer. Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”
So, the losses will not be borne by taxpayers via votes in Congress, but by “a special assessment on banks, as required by law.” Those assessments under Dodd-Frank come to institutions with $50 billion or more of assets, you know, the ones you have your own savings and investments currently parked at.
What will happen is what always happens when costs on businesses go up—such as when the Federal Reserve hikes interest rates on banks as has become necessary to cool down inflation—they will be passed on to customers via higher fees and higher interest rates on loans.
So, Congress won’t get the bill, but you will. As if getting charged by private financial institutions to pay for socializing the risk of these bailouts makes it any better. At least you can vote a member of Congress out of office when they raise your taxes.
In this case, if you all try to move your assets to a different bank or your mattress, you’ll likely only be contributing to the problem, and if you choose another financial institution, invariably you’ll end up paying the same fees and higher rates. There is no escape under the law. You’re damned if you do, and damned if you don’t.
On one hand, it is possible that for the duration of the imminent recession—of which bank failures are almost certainly yet another red flag—that the SVB Bank and Signature Bank failures were the only systemic risks that were posed. But now, that the door is open, other institutions, likely even larger ones, could be seeking additional ways to shore up their own balance sheets as depositors are almost assuredly spooked—especially at institutions that were overexposed to areas such as cryptocurrency, which have been down amid continued U.S. dollar strength.
The danger are that the assessments made under Dodd-Frank would not be nearly enough to forestall a much larger bank run that would threaten the larger institutions.
Unfortunately, under Dodd-Frank, there is no theoretical limit to which financial and non-financial companies will be deemed systemically important in the new 2023 financial crisis. By opening up the Fed’s unlimited capacity to create reserves and credit windows—it just created the so-called Bank Term Funding Program—the entire $44.8 trillion is now on the table, thanks to the Federal Reserve and Treasury’s determination to guarantee just 0.5 percent of it to politically favored financial institutions.
We are fully down the rabbit hole now. Curiouser and curiouser!

Robert Romano is the Vice President of Public Policy at Americans for Limited Government Foundation.