This is a copy of a letter from 2004 House Democrats and sent to then-President George W Bush. In it, the signatories complained that the administration had taken a hard line with ‘housing-related government sponsored enterprises’ (GSEs) such as Fannie Mae and Freddie Mac by insisting on emphasizing fiscal prudence and responsible lending over increased affordable housing access. The relevant section? We have been concerned | Read More »
Hey, is this not Freddie Mac’s strategy? Freddie Mac is asking for $10.6 billion in additional federal aid after posting a big loss in the first three months of the year. It’s another sign that the taxpayer bill for stabilizing the housing market will keep mounting. Asking the government to keep you afloat as an alternative to actually operate under sound fiscal principles, that is. | Read More »
The latest one being Thomas Donilon (via Hot Air). Lobbyist, too. Then again, finding a Democrat who wasn’t in bed with Fannie Mae is proving to be surprisingly difficult, so perhaps the President-elect is merely being pragmatic about the whole thing.
We’ll get to that chain in a second, but read the article first: Dodd and Countrywide The Senator should take the witness stand Former Lehman Brothers CEO Dick Fuld was under oath Monday when he was grilled on Capitol Hill about his role in the current financial meltdown. But if Members really want to understand the credit mania, they should also call Chris Dodd. The | Read More »
House Minority Leader John Boehner today called for the complete decoupling of notorious Democratic ally ACORN from the federal government: “The latest allegations of voter registration fraud by ACORN are further evidence that this group cannot be trusted with another dollar of the taxpayers’ money. “Election cycle after election cycle, this organization has been at the forefront of breaking the law in order to promote | Read More »
Link, via AoSHQ If you can, go for it! If you can’t, pass this one along.
Good stuff, if you’re a policy wonk. Via Hot Air: Obviously, the Democrats are not going to want to talk about the way that they caused the subprime meltdown by refusing to regulate Fannie/Freddie – especially since they have a Presidential candidate who’s down there in the muck with the rest of them, right down to the brazen-faced lying and cowardly abandonment of responsibility. Just | Read More »
In a statement obtained by RedState, Sen. John McCain today will lay plain the crisis on Wall Street – not to mention Main Street – firmly on the narrow shoulders of those who caused it in the first place: the Democratic Party in general, and Senator Barack Obama in particular. He’s going to talk about it all. Here’s a taste: Senator Obama has accused me | Read More »
And, yeah. The Democrats messed it up. They messed it up real good, to the point where we’ll get the usual rash of commenters who’ll sign up solely to tell us that thesituationisverycomplicatedandyoucantputtheblameonanyonepartyorpersonespecially OBAMAOBAMAOBAMAOBAMAexcusemeinervousticthere… after they see that I’ve posted this. But I digress. So, you want to go there? Then go here to RightChange.com and see what they have to say. Here’s a taste: | Read More »
Copyright violations, you understand. 1.2 million views first, though. And, thanks to Protein Wisdom here’s the backup version, complete with some introductory comments about how much money Time-Warner’s people have thrown at Obama, anyway. http://www.youtube.com/watch?v=1RZVw3no2A4
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