Tag Archives: Government Sponsored Enterprises (GSE)

GOOD NEWS AND BAD NEWS

AP has just released an investigative story re Freddie Mac and Fannie Mae. The good news is that the Bush Administration and prominent Republican Senators put on a full court press to rein in these two corrupt federally backed lenders. The bad news is that former Republican solons successfully lobbied to deep six the rescue legislation. There is much blood…

Read More »

What Just Happened?

The NRCC has a Devastating add that rightly lays the blame for the housing crash where it belongs, with the Democrats in Congress. John McCain should run with this issue, and ram it down the Democrats throats for the rest of this month.…

Read More »

One Bailout Dilemma

( – promoted by Cool Cal) During the past several weeks, we have watched both houses of Congress posture and chest-thump — and at times, legislate — about the provisions of the so-called “bail-out.” There are a lot of things to argue about in the whole Wall Street vs. Main Street meme (a meme that I find grossly obtuse), but…

Read More »

Obama Wants To Know, “What’s Wrong With This Picture?”

And, so do the American people. Here is the roster presented by the video, in brief: Ebbers, Worldcom: 25 years in prison

Ken Lay, Enron: Convicted on 10 counts, died before serving sentence

Jeff Skilling, Enron: 24 years in prison

Andrew Fastow, Enron: 10 years in prison

Dennis Koslowski, Tyco: 8 years in prison

Mark Schwartz, Tyco: 8 years in…

Read More »

Teflon Frank: Massachusetts loves incompetence.

In Massachusetts incompetence is raised to an art form. (See the Big Dig). No disaster is too large to dislodge a liberal Democrat. It’s amazing that people buy into this narrative — they find ways to blame Republicans. In other states this would be called denial; in the Bay State it’s an article of faith. A firebrand of the left,…

Read More »

The Financial Arsonists, Now They Want You To Believe They Are Putting Out The Fire…

 That they started…   They created the environment of unaccountability beginning with Jimmy Carter and the original Community Reinvestment Act.  They reauthorized the CRA under Bill Clinton and continued to ignore the dangers signs each and every time they were warned. History cannot be whitewashed.  The Democrats with their blind ambition for social engineering, their pandering to class warfare, and…

Read More »