The Housing Bust and Obamanomics, Five Years On
This month and next mark the fifth anniversaries of the Housing Bust-caused financial crisis that led to TARP and other Fat Cat-bailouts and the election of the purveyor of Obamanomics. Next month also marks the seventh anniversary of the Election of 2006 that returned Democrats to power in the House for four years and in the Senate for six years and counting that have, along | Read More »
Tags: affordable housing
, Barack Obama
, Bill Clinton
, Community Reinvestment Act
, Fannie Mae
, Freddie Mac
, George W Bush
, GM Bailout
, great recession
, Housing Bubble
, Housing Bust
, Janet Reno
, Jimmy Carter
, Ronald Reagan
, Sub-Prime Loans
, too big to fail
, war on coal
WARREN BUFFETT IN BIZARRE NY TIMES OPINION: Thanks for the bailouts, suckers!
Warren Buffett writes a bizarre opinion in Wednesday’s New York Times, thanking Uncle Sam for all the bailouts. Op-Ed Contributor Pretty Good for Government Work By WARREN E. BUFFETT Published: November 16, 2010 Omaha DEAR Uncle Sam, (…) Let me remind you why I’m writing. Just over two years ago, in September 2008, our country faced an economic meltdown. Fannie Mae and Freddie Mac, the | Read More »
Rand Paul’s Anti-Bailout Ad
Carney asks, “Are Republicans becoming the anti-bailout party?” Let’s hope so, see Rand Paul’s ad below. And if you have not read this, please do.
Obama – A Case Of Diminishing Returns.
David Axelrod is telling us breathlessly that his glorious leader is FEISTY. I guess from that monumental statement Conservatives should be quaking in our boots in anticipation of the drubbing to be handed out by the President during his state of the union address. Pardon us while we don’t get overly apprehensive about repackaged garbage. According to White House insiders President Obama will focus on | Read More »
, Barney Frank
, Bill Clinton
, Chris Dodd
, David Axelrod
, George Bush
, Goldman Sachs
, Hillary Clinton
, Job Growth
Surprise! Geithner’s Fed Told AIG to Limit Swaps Disclosure
Geithner’s Fed Told AIG to Limit Swaps Disclosure (Update1) By Hugh Son Jan. 7 (Bloomberg) — The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show. I wonder if there | Read More »
Peter Schiff Moneybomb (CT-Sen) August 7th
In response to a strong grassroots draft effort, economist Peter Schiff is giving serious consideration to a run in the 2010 Connecticut Senate race. On August 7th, send a message that dumping hundreds of billions of taxpayer dollars into failing financial, auto, and insurance firms will not be tolerated. Help remove the man from office who gave the Fed their bailout authority and put in | Read More »
, Chris Dodd
, peter schiff
Today’s Worst Person in the World: Keith Olbermann
I don’t like to encourage masochism, but if you were ever going to watch Keith Olbermann, tonight is probably the night. After all, given Olbermann’s tendency to quit his meds and start frothing at the mouth over corporate hypocrisy, he has a juicy target today. Who’s the latest fat-cat to get wealthy from taxpayer bailout money? Why, it’s the pride of Cownell – Keith Olbermann. | Read More »
Chris Dodd’s Comeback Slogan: ‘Banking on Change’
Chris Dodd Chairs the Senate Banking Committee – a position that made him important enough to become a Friend of Angelo, and allowed him to influence the porkulus conference committee to allow AIG to award bonuses to senior employees. It led AIG executives to strong arm employees into donating to Dodd. It also gave Dodd disproportionate influence in killing efforts to clean up Fannie Mae | Read More »
Obama wants to CONTROL the banks – politically
Obama Wants to Control the Banks There’s a reason he refuses to accept repayment of TARP money. I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn’t much when we routinely talk in trillions, but | Read More »
Is the Honeymoon Over?
As the course of the Obama administration continues plowing through the first 100 Days likes a bull in a china shop (or a bear through a stock market), you have to wonder if the post-inauguration high is waning. Beyond the number of cabinet nominees that have had problems (what are we up to now, 6 or 7?), we’re starting to hear about divisiveness in the | Read More »
Obama: standing between bankers and pitchforks? *Really*?
This Politico story has been making the rounds – see here and here and here and shoot, Memeorandum in general – and it’s mostly because of the passage below, in response over attempts to explain salary bonuses: But President Barack Obama wasn’t in a mood to hear them out. He stopped the conversation and offered a blunt reminder of the public’s reaction to such explanations. | Read More »
After Congress Finishes Investigating AIG . . .
Let’s have Congress investigate itself: While Congress has been flaying companies for giving out bonuses while on the government dole, lawmakers have a longstanding tradition of rewarding their own employees with extra cash — also courtesy of taxpayers. Capitol Hill bonuses in 2008 were among the highest in years, according to LegiStorm, an organization that tracks payroll data. The average House aide earned 17% more | Read More »
Another Felon For Dodd To Get Pardoned?
As reported by the Washington Times yesterday and covered in this post (thanks to Moe at RedState for promoting it to the front page), AIG chief exec Joseph Cassano is an FOD (Friend of Dodd). He raised some $160k in a few months for Dodd by pressuring his peers and subordinates to pony up. Well, it looks as though he may have more trouble than | Read More »
You’d Be Foolish Not To Contribute To Chris Dodd’s Campaign
Promoted from diaries. – Moe Lane. In today’s Washington Times there is a report about how a bunch of AIG Financial Services executives were “asked” by their CEO to donate to Chris Dodd’s campaign, and to encourage their subordinates to do the same. Read AIG chief executive Joseph Cassano’s email for yourself. Was this more than just a suggestion? Well, the boss said he wanted | Read More »
Today’s Headlines — March 30, 2009
http://www.washingtontimes.com/news/2009/mar/30/aig-chiefs-pressed-to-donate-to-dodd/ EXCLUSIVE: AIG chiefs pressed to donate to Dodd — http://www.washingtontimes.com/news/2009/mar/30/gm-ceo-wagoner-steps-down/ GM’s Wagoner out at Obama’s request — http://www.washingtontimes.com/news/2009/mar/30/obama-to-sign-lands-bill-before-5-days-of-comment/ Obama to sign lands bill before 5 days of comment — http://www.washingtontimes.com/news/2009/mar/30/financial-pinch-stifles-college-ambitions/ Money pinch stifles college ambitions — http://www.washingtontimes.com/news/2009/mar/30/rules-for-conservative-radicals/ BREITBART: Online activists on the right, unite! — http://www.washingtontimes.com/news/2009/mar/30/bailout-fund-nearly-spent/ Bailout fund nearly spent — http://www.washingtontimes.com/news/2009/mar/30/obama-says-hell-fight-for-tax-cut-33605865/ Obama says he’ll fight for tax cut — http://www.washingtontimes.com/news/2009/mar/30/indias-second-car/ India to debut | Read More »