Washington Becomes Rome

By: Erick Erickson (Diary)  |  February 24th at 12:20 PM  | 

Chuck Schumer wants the White House’s Office of Management and Budget to tell states they have no choice in the use of porkulus funds. Below the fold is the entire letter. It’s is amazing in its reach. In effect, states will have zero discretion in how they spend the money and which parts they take. This stems from Gov. Bobby Jindal and others saying they | Read More »

BREAKING: Bank Collapses. Feds cite Sen. Chuck Schumer as “immediate cause” of collapse

By: Erick Erickson (Diary)  |  July 11th at 06:05 PM  | 

Federal regulators just seized and shut down IndyMac, a major mortgage specialist. The Pasadena, Calif., thrift was one of the largest savings and loans in the country with about $32 billion in assets. It now joins an infamous list of collapsed banks, topped by Continental Illinois National Bank and Trust Co., which failed in 1984 with $40 billion of assets. IndyMac specialized in Alt-A loans, | Read More »