Archive » Subprime crisis

No Earmark Left Behind.

Crap sandwich redux. Plus: Your e-mails.

Debunked.

Shakedown.

Risen from the dead.

Amen to this.
Here’s a helpful list of the Republicans who don’t deserve any thanks or praise: The 65 who took a dive.
As the bailout water-carriers try and drum up support for a do-over, watch their language.
The same people who tried to tell you that amnesty was not amnesty are now trying to whitewash “bailout” out [...]

Crisis? What crisis? Banking on open borders is alive and well. Just announced today at the shamnesty-promoting National Council of La Raza (The Race) website:
CITI AND THE CITI FOUNDATION AWARD $1,000,000 TO THE NATIONAL COUNCIL OF LA RAZA
Grant Supports Ongoing Capacity Building for Local Affiliates
Washington, DC– Citi and the Citi Foundation presented a $1,000,000 grant [...]

Try back later.

Don’t look now, but stocks are down a whopping 1 percent in Germany and are flat in Britain and France.
U.S. markets are poised to open higher. Update: Dow up more than 200 points in early trading.
Most Asian stock markets are holding up well too. The Shanghai Composite closed down just 0.2 percent; the Hang Seng [...]

You can pretty much write what he’ll say in your sleep: Doing nothing is not an option. The costs of inaction outweigh the costs of action. Homeownership must be “preserved.” “Stability” must be achieved. Americans are suffering. We need bipartisanship in this volatile time.
Translation: More special-interest goodies for the next bailout bill!
The AP wire reports:
Top [...]

McChicken Littles.

Today’s stock market drop is a record point drop, but does not even crack the top 10 single-day percentage drops in American history.
Let’s stop pounding the panic buttons.
***
On FNC right now, Neil Cavuto emphasizes that lending is going on and puts a damper on Heather Nauert’s panic-button heaving about credit-freeze anecdotes.
Are there businesses getting turned [...]

I noted it during my liveblog of the House debate. Here’s a video sample of her crap sandwich. As I mentioned while it was happening, she received multiple rounds of applause on the floor before and after her spittle-flecked statement.
And as I mentioned while it was happening, what did the GOP crap sandwich swallowers expect?

I’ve [...]

Up in flames.

It was just announced that the Senate bailout vote will take place on Wednesday, not later today.
That’s time.
Time is money. Your money.
Call your Senator: 202-224-3121.
WWMD?
What will McCain do?
***
Obama will return to Washington for the vote.

“We just wanted to choose a really large number.”

The crony pseudocapitalists at Fannie Mae and Freddie Mac have been served federal grand jury subpoenas. Better late than never:
Fannie Mae and Freddie Mac, the U.S. mortgage finance giants that were taken over by the government this month, said on Monday they were subpoenaed for documents as part of a federal grand jury investigations into [...]

No cash for trash.

“I cannot in good conscious support this legislation.”

“Si, se puede.”

Full of it.

Don’t swallow.

The beast.

“Not debatable.”

Together again.

Scroll for updates…Thanks to N.Z.Bear/Porkbusters for a link to the 108-page draft bill…updated version here…
It’s full steam ahead for the trillion-dollar-plus bailout boondoggle. Washington is euphoric.
If you didn’t already have a sick feeling in your stomach all week, the photos of the late-night press conference announcing that a tentative deal had been struck should make [...]

Mau-mau-ing.

Boondoggle.

Rejected.

Wah.