Moonage Political Webdream

The gall and stupidity of Nancy Pelosi never ceases to amaze me.  Today, with arguably the economic welfare of the United States on the line, and for that matter, several other countries of the world, Nancy Pelosi assured the world an agreement to bail out the struggling spec market was at hand.  She’d have it [...]

Tags: bailout, bush administration, community reinvestment act, economic policies, economic welfare, fannie-mae, freddie-mac, house speaker, jimmy carter, nancy pelosi, partisan, political ploy, Politics

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In a move that surprised me, the bailout bill was voted down in Congress.  It was fairly close, 228-205 I think it was.  In order to get it back on track, some media are saying Pelosi expects nine Republicans to change their votes for a re-consideration.  This is how she’s motivating the Republicans:

Now, slap me [...]

Tags: bailout, congress, democrat, democrats, dow, fannie-mae, fiasco, freddie-mac, pelosi, republicans, roosevelt

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If you’re going to debate this current financial market crisis or criticize the efforts to mitigate it, you HAVE to read this article by Noel Sheppard at Newsbusters.org:
…The Carter-era Community Reinvestment Act forced banks to lend to uncreditworthy borrowers, mostly in minority areas.
Age-old standards of banking prudence got thrown out the window. In their place [...]

Tags: 1977, community reinvestment act, fannie-mae, freddie-mac, hillary clinton, jimmy carter, john-mccain, market crisis, minority areas, nancy pelosi, newsbusters, noel, sheppard

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When the stock market tanked on news of AIG being bailed out by the government, and Lehman joining the ranks of failing spec banks, John McCain did the unthinkable, call it maverick if you will, and told the US the economy was fundamentally OK.  Barack Obama immediately seized that comment and hammered away at McCain. [...]

Tags: aig, assurances, barack obama, bear stearns, donations, economist, fannie-mae, freddie-mac, john-mccain, lehman, merrill lynch, rhetoric, socialism, stock market

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A lot is being written about John McCain’s sudden lurch to regulating the financial markets.  This does contradict his earlier history of fighting over-regulation.  And, quite frankly, I think it’s a tactical error. While appealing to the masses initially in a knee-jerk manner, it creates contradictions he’ll have to answer to.  And, it’s not necessary. [...]

Tags: aig, bill cliinton, bubble, credit score, fannie-mae, financial markets, freddie-mac, government interference, john-mccain, reverse mortgages, slums, sub prime lending

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I’m sure Nancy Pelosi has given the “Fannie Mae and Freddie Mac are yet another example of the failed Policies of George Bush”.  Haven’t seen it in print, but I’m sure she’s just figuring the time and place to say it.  Everything that happens, according to her and Harry Reid, are Bush’s fault.  But, what [...]

Tags: congress, connie-mack, democrats, eisenhower, failed-bush-policies, fannie-mae, freddie-mac, ginnie mae, government-sponsored-entity, gse, johnson, nixon, pelosi, reid, roosevelt

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Here’s the story:
A week after the SEC enacted a temporary ban on naked short selling, Commissioner Paul Atkins joined FOX Business to talk about its effectiveness.
“I think the jury is still out,” Atkins said of the ban that expires tomorrow. He also said the SEC would report its findings on the ban later today.
It has been [...]

Tags: ban, fannie-mae, freddie-mac, futures, naked, paul atkins, SEC, securities exchange commission, sell, short, short selling

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Representative Keith Ellison submitted this letter to The Hill blogs:
We have to consider the 30 years of stagnant wages that your average Americans have had to face. That fact is that the reason we have people refinancing their homes, getting home equity loans, getting high rate interest credit cards and petty loans is because wages [...]

Tags: communism, countrywide, ellison, employment, fannie-mae, freddie-mac, housing, indymac, inflation, keith, Minnesota, mortgages, socialism, unemployment, wages

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In my opinion, 9/11 was largely the responsibility of Jamie Gorelick.  Jamie Gorelick is pure evil. Period. Her name figures prominently in several domestic disasters. Sure, she didn’t break the levees in New Orleans, but it was the climate of non-communication between agencies that contributed to the problems in a substantial way. So yeah, some [...]

Tags: 9/11, able danger, Cheney, duke, fannie-mae, forrest gump, haliburton, harry reid, jamie-gorelick, Katrina, lacrosse, nancy pelosi, new-orleans, Oil Supply, rape, ruby ridge, sandy berger, schlumberger, texas, waco

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Here’s the story:
Overweight viewers are protesting the film’s depiction of a world ruined by “doughy and lazy folk who drink liquid cupcakes and can’t even really walk.”
In the film, which was fourth at the box office this weekend, Earth has been turned into a trash dump due to the Buy N Large corporation. Humans evacuated [...]

Tags: fannie-mae, fascism, fnma, mortgages, protest, shelby-forthright, wall-e

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