What Happened? Dems And Fannie Mae, Freddie Mac

Um, I think this is what you would call a failed economic policy.

 

Taken from Jawa

Oh and this is just priceless. Barney Franks' "Partner" was a Fannie Mae executive.

Unqualified home buyers were not the only ones who benefited from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.

So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.

Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank's relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.

 

H/T: AOSHQ

FINALLY! Jury Finds O.J. GUILTY!

It's about time this piece of trash goes to jail for something.

O.J. Simpson, the former football star who was famously cleared of murder in the 1990s "Trial of the Century," was found guilty on all charges in his Las Vegas kidnapping and robbery case on Friday.

Simpson, 61, was convicted along with co-defendant Clarence "C.J." Stewart on the 13th anniversary of his controversial 1995 acquittal and immediately ordered jailed by Clark County District Court Judge Jackie Glass.

Both could face up to life in prison.

The star-athlete-turned-actor appeared emotional as the verdict was read late on Friday night, and winced as he was handcuffed by marshals and led from the courtroom into a holding cell.

Dick Morris vs Alan Colmes

I absolutely despise Alan Colmes. I think he's totally incompetent and shouldn't be on the same show with Sean Hannity. There's plenty of other Democrats that do the job better than Colmes.

But anyway, here's Dick Morris lashing Alan Colmes about Democrat talking points.

Bill O'Reilly vs Barney Franks

It was fun to see that crook, Barney Franks, getting yelled at, but it really wasn't constructive. Bill O'Reilly is a blowhard that thinks the more he talks and the louder he gets, the more right he is. By not letting Franks at least respond without O'Reilly talking over him, was pointless. Let him answer, then blast him.

House Passes Corporate Welfare Bill 263-171

Isn't this just terrific. Why is it that the gov't thinks they can make money from this? If that was really the case, don't you think other investors would jump all over this?

 

***UPDATE***

About an hour after approving the bailout, the Dow went from +235 to -60 and still sinking. There's still plenty of time to make up ground, but I think this whole thing is a joke.

Previously: Think The Bail Out Is Supposed To Help Wall St & Main St?

Think The Bail Out Is Supposed To Help Wall St & Main St?

"Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill has been carefully written to make sure that can happen." - Brad Sherman , D-California"

 

Must See Video; The Mortgage Mess Summed Up In 10 Minutes

***I had to bump this, originally posted 9/26/08 2:12PM***

I took this from America is an Obamanation!

 

 

***UPDATE 10/2/08***

The above video was removed by YouTube after Time Warner complained of copyright infringement, who, by the way, donated over $300,000 to Obama's campaign.

Here is the new video:

Dish Network's Obama Channel, All Obama All The Time

Tonight, a friend of mine sent me a picture message of her Dish Network channel guide.

 

Yes, channel 73 is the Obama channel. It's Obama 24/7. I find this extremely disturbing.

House Kills Bailout, Senate Approves It

Thankfully; House Republicans voted down the $700B corporate welfare bill. Wall St tried to tell the government they better give them money by the DOW dropping 700+ points. I lost money in my IRA and my mom lost money in her 401K. I would rather lose everything than give them one friggin penny.

Oh, and Rep. Bob Latta is off my "list", he voted against it and Sen. George Voinovich is back on it, he voted for the new bill.

The Senate passed the bill 74-25, with Obama actually voting something other than "present".