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Culture of corruption update:Dirty Dem Laura Richardson gets House ethics wrist-slap for law-breaking, obstruction

By Michelle Malkin  •  August 1, 2012 12:29 PM

This blog has chronicled the dirty dealings of California Dem Rep. Laura Richardson since May 2008, when she bailed on her half-million-dollar-plus, second-home mortgage. She was also a tax-dodger and utility bill welcher. A few weeks later, it turned out that she had defaulted on three home loans while lending her campaign $77,500. A few […]

Your guide to sleazy Democratic Party-backed banks

By Michelle Malkin  •  July 18, 2012 09:05 AM

Photoshop credit: Commenter jeffjackie Your guide to sleazy Democratic Party-backed banks by Michelle Malkin Creators Syndicate Copyright 2012 Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential rival Mitt Romney’s overseas investments. It’s time for the Romney campaign to educate voters about all the shady financial institutions embraced by […]

Fannie Mae: Brother Can You Spare $4.6 Billion?

By Doug Powers  •  February 29, 2012 01:58 PM

**Written by Doug Powers “These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis.” … “I want to roll the dice a little bit more in this situation towards subsidized housing.” — Rep. Barney Frank, 2003 Maybe it’s a good thing Wall Street Reform and Consumer Protection […]

Obama’s new campaign candy: More mortgage aid, homeowner “bill of rights”

By Michelle Malkin  •  February 1, 2012 11:39 AM

Ugh. We’re back to this again. Yes, President Obama’s re-inflating the housing bubble to pander in an election year. Foreclosure avoidance is now a civil right. Long-term consequences be damned. Obama is outlining a proposal to allow millions more homeowners to refinance their mortgages at lower interest rates even if they owe more than their […]

The Bank of (Democratic Party) America

By Michelle Malkin  •  January 18, 2012 09:12 AM

Old logo: New logo: Photoshop credit: Commenter jeffjackie The Bank of (Democratic Party) America by Michelle Malkin Creators Syndicate Copyright 2012 Well, isn’t this rich? And I do mean rich. President Obama, man of the people, will deliver his presidential nomination acceptance speech at the Bank of America Stadium in Charlotte, N.C. — so that […]

One cheer for the belated SEC lawuit against Fannie/Freddie execs

By Michelle Malkin  •  December 16, 2011 11:53 AM

It’s a start. Sorry I can’t get more enthusiastic than that. But knowing the long history of Fannie/Freddie execs escaping accountability, expectations must be managed. The Securities and Exchange Commission (SEC) is suing a half-dozen Fannie Mae/Freddie Mac officials for fraud and deception. “All individuals” will be held accountable for the Enron-style financial mess they […]

Bailing out the world

By Michelle Malkin  •  November 30, 2011 09:35 AM

Fire up the Mother of All Credit Cards! Fresh off the news that the Federal Reserve doled out $1.2 trillion in previously undisclosed loans to banks (story here) in 2008 comes today’s news of the Fed’s latest Bailout of the World — euphemistically known as a global “coordinated action:” Central banks from developed nations Wednesday […]

Breaking: Barney Frank will not seek re-election

By Michelle Malkin  •  November 28, 2011 09:54 AM

Buh-bye. The news just broke over Twitter via WBZ Radio. All together now: DLTDHYOTWO! The original Tweet: Here. Press conference at 1pm Eastern: Congressman Barney Frank will hold a press conference in Newton Monday to formally announce and answer questions about his decision not to run for re-election in 2012. Frank of Massachusetts 4th Congressional […]

Snortalicious: Chicago corruptocrat/Fannie fat cat William Daley wears Occupier costume

By Michelle Malkin  •  October 17, 2011 01:56 PM

Looks like every last Obama administration official is dressing up as an Occupier for Halloween — no matter how ridiculous the costume looks. Chicago corruptocrat, former JPMorgan Chase banker, and Fannie Mae crony William Daley is the latest to step out in drag. They’ll do anything, say anything, wear anything. Trick or treat! White House […]

Here are your 1 percent-ers: Obama’s bundlers

By Michelle Malkin  •  October 17, 2011 03:13 AM

While the Kamp Alinsky Kids were taunting police officers across the country on Friday night, the Obama-Biden 2012 campaign quietly released its list of the elite deep-pocketed donors who bundled at least $20 million for the White House. I’m publishing the full list below. Some 41 bundlers bagged more than $500,000 each for Mr. Obama […]

John McCain Understands the Frustrations of ‘Occupy Wall Street’

By Doug Powers  •  October 12, 2011 09:07 PM

**Written by Doug Powers When it comes to political menopause, John McCain leads the pack in hot flash mood swings. He’s drafted amnesty bills with Ted Kennedy; chosen Sarah Palin as his running mate; insulted the Tea Party; done 180 degree election year turnarounds to appease conservatives; and now he’s kinda-sorta down with Occupy Wall […]

Who’s Up For Another Fannie Mae Bailout?

By Doug Powers  •  May 9, 2011 11:20 AM

**Written by Doug Powers Thank goodness the Dodd-Frank bill took care of the problems, eh? From Reuters: Mortgage finance giant Fannie Mae (FNMA.OB) on Friday said it would ask for an additional $8.5 billion from taxpayers as it continues to suffer losses on loans made prior to 2009. The largest U.S. residential mortgage funds provider […]

Chicago on the Potomac; Update: Daley announcement imminent

By Michelle Malkin  •  January 5, 2011 02:38 AM

1/5 update As anticipated, a WH announcement on Daley’s chief-of-staff appointment is imminent, according to wire reports breaking this morning. On Fox & Friends, I discussed my column on Daley — and reacted to Karl Rove’s assertion that Daley is a “centrist” here. Update II: White House just announced that they’ll formally unveil Daley Machine […]

Culture of corruption: Maxine Waters ethic trial delayed

By Michelle Malkin  •  November 19, 2010 02:31 PM

With Charlie Rangel’s ethics trial out of the way, it’s one wrist-slap down, one to go, for the Dems. But it looks like fellow Congressional Black Caucus member and entrenched race hustler Maxine Waters will have a little more time to wait. The House Ethics panel says in a statement released this afternoon that new […]

Bush nostalgia: Let’s not get carried away, ok?

By Michelle Malkin  •  November 9, 2010 10:04 AM

As you all know, President George W. Bush is on his book/rehabilitation tour — hitting every MSM and cable news show from the Today Show to Hannity, plus Oprah, Rush Limbaugh, and beyond. His candor, decency, self-effacement, and clear love of country stand in stark contrast to the current antagonist-in-chief at the White House, so […]

The Democrats’ Countrywide scandal: Shhhhhh

By Michelle Malkin  •  October 18, 2010 11:43 AM

Blink and you probably missed it. In yet another classic Friday news dump, Countrywide junk mortgage mogul and Democrat crony Angelo Mozilo copped a $67.5 million plea to avert a high-stakes public trial in the heat of the midterm election season. He and his henchmen admitted no wrongdoing: Just days before the start of his […]

What the hell: How stealth banking bailout reached Obama’s desk; Update: Here comes the first O-veto; White House: We’ll work on it

By Michelle Malkin  •  October 7, 2010 10:31 AM

Scroll for updates… Both the left and right sides of the blogosphere are buzzing about a bipartisan TARP-style banking bailout bill that somehow reached President Obama’s desk in the legislative rush before Congress adjourned for the midterm election break. The sordid episode underscores everything I’ve spotlighted about the culture of corruption over the last two […]

ACORN Watch: New HUD IG report details counseling grant scams

By Michelle Malkin  •  September 23, 2010 01:54 PM

Photoshop credit: Leo Alberti My reporting on ACORN’s housing counseling grant rip-offs go back to April 2008, when I spotlighted the left-wing mortgage counseling racket. As bad as the ACORN/Obama alliance is, I’ve pointed out several times that this mess festered under the Bush administration and a GOP ruling majority. Now, GOP Rep. Daryl Issa […]

How about this pledge: “I will not swallow any more crap sandwiches”

By Michelle Malkin  •  September 23, 2010 09:24 AM

Making pledges is easy. Keeping them? Not so much. Just ask Mr. Hope and Change. The new GOP pledge is fine as far as it goes — especially the upfront acknowledgment that government’s powers derive from the consent of the governed, not from the penumbras emanating from the fingertips of all President Obama’s czars. But […]

Economic panel: The recession ended in June 2009, now quit yer complainin’

By Michelle Malkin  •  September 20, 2010 11:16 AM

Bottoms up!

Obama jobs death toll: private sector jobs, growth forecasts down

By Michelle Malkin  •  September 1, 2010 09:51 AM

Automatic Data Processing is a payroll giant that cuts checks to employees. The company publishes a national employment report with Macroeconomic Advisers. Its latest stats show that the nation lost 10,000 private sector jobs last month. It’s not what economists expected. Via the WSJ: Economists had expected ADP to report a jobs gain of 17,000 […]

Terrific: Bankrupt Freddie Mac hires “diversity officer”

By Michelle Malkin  •  August 31, 2010 09:59 AM

Taxpayer-supported mortgage behemoth Freddie Mac — yes, the same government-sponsored entity that is sucking $64 billion of your money to stay afloat — is proud to announce that it is squandering more of your bucks on a “diversity officer:” Freddie Mac, the government-controlled mortgage buyer, on Monday named Subha V. Barry to head its newly […]

Appropriate: A delayed economic speech on the delayed economic recovery

By Michelle Malkin  •  August 30, 2010 01:06 PM

Tick, tick, tick. I noted in an earlier post that President Obama’s economic address in the Rose Garden had been scheduled for 12:30pm Eastern. It is now past 1:00pm Eastern. Wonder what kind of tension there must have been on his economic team phone conference this morning? Reader @nicklaus on Twitter quips that the recovery […]

ShoreBank update: A shutdown…and a quick, smelly reincarnation

By Michelle Malkin  •  August 20, 2010 09:23 PM

Hmmm. Feds moved to shut down Obama crony bank ShoreBank today, but it’s not really going away (refresher course here and here). Via Reuters: Regulators on Friday seized notable Chicago-based community development bank ShoreBank after Wall Street backers failed to rescue the institution, and its deposits will be taken over by a newly-chartered bank. ShoreBank, […]

Culture of entitlement: The Section 8 housing mob scene

By Michelle Malkin  •  August 11, 2010 01:34 PM

Remember Peggy the Moocher, the Obama supporter who couldn’t wait for her government savior to usher in the Age of Bottomless Household Entitlements? Now, imagine thousands of Peggys crowded together on the streets demanding their cash money. Via the AJC: A crowd of people hoping to get federal housing assistance became unruly Wednesday morning with […]

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