Who dealt this (financial) mess, anyway?
http://h1.ripway.com/quietmc/mccain.htm The links below will work if you get to the website listed above. Who dealt this mess anyway? (An old card players’ expression.) From the Washington Post: Mr. McCain was an early voice calling for the resignation of Securities and Exchange Commission Chairman Harvey Pitt, charging that he “seems to prefer industry self-policing to necessary lawmaking. Government’s demands for corporate accountability are only credible | Read More »
Joseph Farah: My Bailout Plan
Let’s not put more money into the hands of those who created the problem. Let’s put the money into the hands of the people who were victimized. Why should the victims pay twice and the victimizers get off scot-free?
Somebody wants an audit.
Orson Scott Card, Democrat author and journalist, “speaks truth to power” in this open letter to newspapers across the country. And boy, can that man speak. This housing crisis didn’t come out of nowhere. It was not a vague emanation of the evil Bush administration. It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending | Read More »
Fannie Hired a Slew of Lobbyists to Block Regulations
Red State readers are by now well aware that John McCain was a cosponsor of legislation to impose new and tighter regulations on Fannie Mae, which passed the Senate Banking Committee in 2005 with unanimous Republican support. The legislation never made it to the full Senate for a vote because Senate Democrats refused to agree on terms for debate. This is a critical story to | Read More »
On The Current Financial Crisis
There is no getting around it: Government is at fault. I recognize that this is an inconvenience to the arguments of some, but that is their problem, not mine.
Chris Dodd’s Show Trial
Senator Chris Dodd (D-FNMA) is convening a hearing of the Senate Banking Committee today, on the genesis of the current economic crisis. The odd thing about the hearing, as the Wall Street Journal points out, is that Dodd is only allowing testimony from witnesses who agree with his narrative — which helpfully ignores his role in the crash:
by Rose Pedenko and Tanya Simon There is a vaccine for nearly everything: typhus, influenza, polio, the pox – or so we thought. A new pestilence has reared its ravenous head and has enveloped the U.S. with such wildfire speed and intensity that even the American Medical Association cannot cope with this contagion: the Political Plague, or as it is better known – Obamapox. Symptomatically | Read More »
Repost: McCain’s task tonight – no more Mr. “Bipartisan” on Fannie Mae & Freddie Mac
Bring up Fannie Mae and Freddie Mac repeatedly (don’t wait for the moderator to bring it up) and hit him (and his fellow Democrats) hard during tomorrow’s debate and the debate afterward. Tell of the contributions, of his work for ACORN suing CitiGroup for rightfully not giving loans to people who could not pay them back. Attach his name to Fannie Mae CEOs Jim Johnson | Read More »
OK, America—Who are You Really Mad at?
Jay Cost wrote in an excellent column that John McCain is a victim of the mortgage crisis. I believe that Cost is right, because the night before the mortgage crisis hit, Senator McCain was beating Senator Obama by an average of 3-5 points in the polls. What I can deduce from those previous polls is that when people originally compared McCain to Obama—pre-mortgage crisis—the majority | Read More »
, 2008 Election
, Barack Obama
, Business & Economy
, Fannie Mae
, Freddie Mac
, John McCain
, Mortgage Crisis
The Fannie Mae Contagion And Its Electoral Consequences
I can perfectly well understand why some politicians want to convince the public that they had nothing whatsoever to do with institutions like Fannie Mae, which played such a key and critical role in bringing about the current financial crisis. But that doesn’t justify making things up in order to make the public believe that one is innocent and as pure as the driven snow | Read More »
Why we need to stop talking about Ayers
Let me preface this post by noting that yes, I do believe Obama’s ties to Ayers are important. And yes, I think the relationship demonstrates, at best, poor judgement on Obama’s part, and more likely is a giveaway of his far-left worldview and policies. That said, talking about Ayers is not going to help McCain win the election. In fact, it is likely to backfire. | Read More »
Democrat Fannie/Freddie Defense: LIE
The lamestream media has been doing a pretty good job of shielding Barack Obama and Congressional Democrats from blame in the current credit crisis. It’s therefore no surprise that when Representative Maxine Waters (D-CA) was called out for it by Steve Moore, her first instinct was to lie:
Wall Street Journal: Shine a Light In Chris Dodd’s (D-CT) eyes!
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 »
Boehner wants ACORN rooted out of the Federal government.
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 »
McCain campaign attacking Fannie Mae in slideshow [UPDATED]
[UPDATE: If you read the Ambinder piece, you’ll see that this was leaked to Marc: it’s an internal document designed to make sure that the GOP’s people are up to speed on this issue. – Moe Lane] This makes a good point. Congress (Republican and Democratic) attacked Enron, but nothing against the politically connected Fannie Mae. Here’s a slide show, care of Marc Ambinder, that | Read More »