Verum Serum dug up and old video of Barney Frank in full denial mode that his beloved liberal social experiment on the nation’s housing market was going to cause economic chaos – it is a stunning exercise in hindsight. Franks lame promises his social experiments with Freddie Mac and Fannie Mae are from 2005, a […]

It’s called TARP, which stands for Troubled Assets Recovery Plan. “Troubled Assets” is the euphemistic label given to real estate that was offered to people without sufficient financial capabilities to own the size home they bought due to liberal policies hoisted on Fannie Mae and Freddie Mac by Rep Barney Frank, Sen Chris Dodd and […]

Here we go again – the power brokers raiding the treasury to line their pockets: Fannie Mae is due to pay retention bonuses of between $470,000 and $611,000 this year to some executives, despite enormous losses at the government-backed mortgage company. Fannie’s main rival, Freddie Mac, also plans to pay such bonuses but hasn’t yet provided details. […]

The idea US taxpayers, struggling to stay afloat in a damaged economy, should bail out companies and state governments is a joke. Fannie Mae and Freddie Mac were disastrous experiments in liberal social policies. As usual those with connections siphoned off 100’s of millions of dollars from mortgage payments for themselves, and then lined the […]

McCain wants to change DC, Obama wants to change America! There are many kinds of greed in this world. On Wall Street we can glimpse the “hoarding of treasure” greed, the greed to pull in as much money as fast as possible and then waste the rest of your life as the uber consumer showing […]

McCain wants to change DC, Obama wants to change America! Rash ideas can destroy something built over decades of careful steps. The Clinton ‘golden years’ ended with the dot.com bubble he created bursting and wiping out a lot of wealth, bringing on a small recession George Bush had to deal with when he took office. […]

A must see moment when a GOP Congressman calls on the Democrat Congress to fix the financial mess and the Democrats balk (knowing full well they share a majority of the blame).  Shays states boldly the only reason there are no hearings on Fannie Mae and Freddie Mac is the problem that started this all […]

The irony of this news story up at Drudge is incredible. Ayers and the Obamas were on a panel talking about how youthful violence should not be considered violent acts to the same standard as adults. The subtitle is great: Close-up on juvenile justice Author, former offender among speakers Ayers has the distinction of being […]

Some must reads (here and here) on how we got into the current financial mess, and why many of the proposals – while tough medicine\ – are probably needed. Like most problems the cure can be as bad as the illness. But to do nothing and let our economy crash is wrong – plain and […]

Updates Below – McCain ads Now we know why Obama wants to raise taxes – to bail out those jerks who tanked our mortgage markets and nearly sent us into a real depression. First off it is good to get a little history on what led to this mess. Michael Reagan does a good job of […]