Archive » Subprime crisis

Corrupt and corrupter.

Scroll for updates.. With GOP assistance on its drafting and three reported Republican votes all but guaranteeing its final passage in the Senate (Snowe, Collins, and Scott Brown), the Dodd-Frank monstrosity masquerading as “financial reform” is on its way. Read and weep: A sweeping overhaul of the nation’s financial regulations stands on the verge of [...]

The shady ShoreBank bailout by Michelle Malkin Creators Syndicate Copyright 2010 “No more bailouts, no more greed, how many profits do you need?” That’s been a signature chant of community organizers and Big Labor thugs who have stormed bank offices and financial executives’ private homes decrying corporate welfare over the past several months. But now [...]

Chicago on the Potomac.

While the market melted down, Securities and Exchange Commission watchdogs were watching…porn. Terrific: On a day when President Obama argued for more government regulation over the financial industry, a new government report reveals that some high-level regulators have spent more time looking at porn than policing Wall Street. Photo: SEC and Pornography: Workers Spent Hours [...]

Just wondering…

Scroll for updates… My syndicated column today shines light on all the Goldman Sachs company men in the Obama administration’s midst. The GOP wants SEC correspondence disclosed. Here’s that story. In related news, Goldman Sachs cheerleader and beneficiary Rahm Emanuel met with NYC business elite about the financial reform plan. Listen up: Another attendee, who [...]

I’ve reported many times about the housing entitlement mob over the past several years. Boston has self-proclaimed bank terrorist and housing entitlement shakedown artist Bruce Marks of the Neighborhood Assistance Corporation of America (NACA). Baltimore had criminal home invaders masquerading as bogus foreclosure victims. In San Francisco, the housing entitlement mob is led by an [...]

In January, I deconstructed the White House “Financial Crisis Responsibility Fee” fakery for you: 1. The bank tax will inevitably be passed on to consumers and the White House has no way of stopping them from doing the dumping. 2. The tax won’t apply to non-banks, black holes Fannie Mae and Freddie Mac, or the [...]

In critiquing Glenn Beck’s CPAC speech taking the Republican Party to task for failing to own up to its Big Government lapses, Bill Bennett cites various Republicans who have admitted the party’s culpability. But see if you can spot the glaring problem with his defense of the GOP: From Jim DeMint to Tom Coburn to [...]

Scroll for updates… You’ve got to be freaking kidding me. I mean, really. Come on: As former Rep. J.D. Hayworth prepares to officially enter the Republican primary race against incumbent Sen. John McCain, he probably had better not count on any support from FreedomWorks, the national conservative group closely associated with the Tea Party movement. [...]

My column today looks at the phantom Porkulus II/Jobs Bill. I say “phantom” because there is no bill text I can actually point you to — it’s the same business-as-usual we’ve been subjected to since Porkulus I. GOP Senate Minority Leader Mitch McConnell was on the Senate floor yesterday pleading to see the legislation: ““My [...]

Scroll for updates… The House is currently debating the federal debt ceiling increase to $14.3 trillion. (The Senate, with every single Democrat voting in favor, adopted the debt limit increase last week.) These measures are on top of two other debt limit increases over the last year (including one adopted in the dead of night [...]

The final vote in the Senate on the Federal Reserve chairman’s re-nomination this afternoon was 70-30. Among the Republicans supporting Ben Bernanke: Alexander, Barrasso, Coburn, Cochran, Collins, Enzi, Graham, Gregg, Hatch, Kyl, Lugar, McConnell, Murkowski, Voinovich, and Snowe. Seven Senators switched their votes after voting for cloture (the procedural vote was 77-23). Via The Hill’s [...]

Eeenteresting. About a week ago, the SEC agree to cover-up bailout documents for AIG until 2018. The documents relate to the backroom bank bailout payments at top dollar to AIG counterparties — which know-nothing Tim Geithner was grilled about today on the Hill. The leak comes as Fed Chairman Ben Bernanke heads to the Hill [...]

“You gave lame excuses then, you are giving lame excuses now.”

Hard for me to suppress a snort. But here it is: John McCain — who supported the $700 billion TARP bailout, the $25 billion auto bailout, a $300 billion mortgage bailout, and the first $85 billion AIG bailout – has grandiosely announced that he will oppose Federal Reserve Chairman Ben Bernanke’s second term: “Our country [...]

The question isn’t why Sarah Palin is helping John McCain. The question is: What are you doing to stop him from cementing his Big Government Republican legacy? *** Conservatives: Beware of McCain Regression Syndrome by Michelle Malkin Creators Syndicate Copyright 2010 Pay attention: In the afterglow of the Massachusetts Miracle, there are flickers of peril [...]

After engaging in mind-boggling acts of non-stop generational theft over the past year and blowing through the debt ceiling during the Christmas holiday, the White House and Democrat majority have unveiled a phony plan to “solve” the red-ink disaster they helped create by kicking the can to a toothless panel. GOP Sen. Judd Gregg calls [...]

Phony fruits from a phony administration.

Photoshop/CoC card set credit: Tennyson Hayes It’s not quite the Mother of All Distractions, but it’s up there. Maybe the First Cousin of All Distractions. The White House unveiled its ballyhooed $90 billion plan to punish banks with a “Financial Crisis Responsibility Fee” this afternoon. It’s faker than the fake garden vegetables the First Lady [...]

A fiscal conservative shot heard ’round the world on March 25, 2009: Would that we had more like him on our side of the pond.

I discussed the Time Magazine man of the year, Fed chairman Ben Bernanke, on Fox and Friends this morning. In sum: Failure has never had such rich rewards. Via the Mises Institute, here’s a video compilation of his spectacular wrong-headedness about the housing bubble and the state of the economy over the years. Here’s GOP [...]

The federal porkulus bill contains $6 billion for something called the “Neighborhood Stabilization Program” to combat blight. The money is being dispensed to to state and local housing authorities and non-profit organizations across the country under the guise of community service and economic redevelopment to clean up and purchase foreclosed homes. There has been little [...]

Baltimore’s mayor is a corruptocrat. Baltimore’s ACORN thugs break into houses with impunity. Baltimore crime is out-of-control. Baltimore’s schools are a mess. So, what is the city doing to take responsibility for its ills and fix them? They’re suing Wells Fargo: A federal judge suggested Monday that he might restrict the scope of a first-of-its [...]

Meow.

I noted Barney Frank’s cave-in to CBC demands for a $6 billion payoff on the House Dems’ financial industry power grab yesterday. Well, the “reform” package passed this afternoon 223-202 with all Republicans and 27 Democrats voting no. The roll call vote is here. Democrat Rep. Barney Frank’s counterpart in the Senate, corruptocrat Sen. Chris [...]

Cue up “Do the Hustle.” Looks like the extortionists of the Congressional Black Caucus got their way. Last week, I noted the CBC’s efforts to squeeze bailout money from the Democrats’ financial “reform” package for minority-owned businesses — specifically, the failing radio/media empire of former Malcolm X lawyer and Air America/Jesse Jackson/Al Sharpton/Charlie Rangel crony [...]

I know this is a futile battle. Not sure why I keep trying to fight it. I can’t help it. So, here I go again. In January 2008, I lambasted the bipartisan “victim politics of foreclosure” and the disappearance of the stigma attached to defaulting on your mortgage. A refresher: From President Bush to Hillary [...]

Corrupt-o-twin powers, activate! L: Rep. Maxine Waters; R: Rep. Laura Richardson Readers of this blog are quite familiar with the corruption scandals involving California Democrats Maxine Waters and Laura Richardson. Back in March 2009, I spotlighted Waters, her husband, and their smelly involvement with minority-owned bank called OneUnited. And dating back to May 2008 through [...]