Those who do not learn history (WaPo, h/t Corner)… The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the… More Here we go again…..
The 2012 election has led, in theory, to a large amount of “soul-searching” in the Republican Party. However, one datum from the electorate that has largely been unaddressed is the fact that a majority of voters still blamed former President George W. Bush for the current state of the economy than his successor. After a… More It really is Bush’s fault, Part 1: the temporary tax cuts
U.S. Rep. Barney Frank, who was one of the main advocates of loosening the restrictions on Fannie Mae and Freddie Mac mortgages, which ultimately led to the housing meltdown, is now calling for a loosening of the recently tightened standards at Fannie Mae and Freddie Mac. Too bad that Members of Congress can’t be removed… More Oh, For Cryin’ Out Loud…
If The Teleprompted One was truly smart or if he had surrounded himself with smart people instead of incompetents like Tim Geithner, then SOMEONE would have pushed to have this happen a long time ago. D.J. McGuire has been calling for months for the “mark-to-market” rules to be eased. Heck, we were even backing this idea… More Dow Hits 8,000 No Thanks To Obama
It really is quite simple to understand after watching this.
Now Fannie Mae and Freddie Mac, the two broke now-government owned mortgage companies, are planning on giving six-figure bonuses to its execs. Why isn’t The Teleprompted One and SecTreas Tim Geithner stopping this?
From Larry Kudlow regarding Rick Santelli’s “Rant Heard Round The World”: Santelli said: “Government is promoting bad behavior. . . . Do we really want to subsidize the losers’ mortgages? This is America! How many of you people want to pay for your neighbor’s mortgage? President Obama, are you listening? How about we all stop paying… More This is how it begins…
Bank of America, the recipient of some $20 billion in taxpayer money to bail it out, is in the process of giving $2 million to ACORN, which has been implicated in several incidents of voter fraud across the country for a number of years now. That’s your tax dollars at work.
From Drudge Report: RUSSIAN ANALYST PREDICTS DECLINE AND BREAKUP OF USA Tue Nov 25 2008 09:04:22 ET A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts. Professor Igor Panarin said in an… More Russia Sees U.S.A. Going The Way Of The Soviet Union
Today’s WashPo editorial on the financial crisis is spot on. Free Market Capitalism did NOT fail us. Rather, it was government intrusion into the markets that created this mess. Government-sponsored, upside-only capitalism is the kind that’s in crisis today, and we say: Good riddance. I will echo that sentiment as well. What happens next is… More WashPo Gets It On Financial Failure
And the entertainment from Bill “The Crush Puppy” Day just keeps on coming: 9/24/08 “I’m totally against it. I haven’t met anybody yet who’s for it. I’ve talked to hundreds of people. They’re all saying, ‘Why are we bailing out a company that couldn’t make it? Why do we have to bail out a company… More Bill Day — Against The Bailout Until Wittman Was Against It, Then Day Was For It
This SNL skit is actually pretty darn accurate in explaining what really happened. By the way, Herbert and Marion Sandler are real people. They built Golden West Financial into a subprime giant and then sold it to Wachovia for $24 billion. They walked away with billions of dollars for themselves. They’re also large donors to… More The Video NBC Doesn’t Want You To See — SNL Gets To The Bottom Of Mortgage Crisis
Oh, now we can’t place blame where blame is obviously due. Rep. Barney Frank said Monday that Republican criticism of Democrats over the nation’s housing crisis is a veiled attack on the poor that’s racially motivated. Helloooooo… If you are “poor” and you got a 100% home loan with no downpayment and then you defaulted… More Barney Franks Thinks You’re Racist If You Blame People For Buying Homes They Couldn’t Afford