Archive » Subprime crisis

SEIU leads new banking shakedown campaign

By Michelle Malkin  •  October 25, 2009 11:25 PM

At the annual American Banking Association conference this weekend in Chicago, the SEIU army spearheaded an angry mob protest against major financial institutions who have taken federal bailout funds. It was the usual left-wing Kabuki theater. If the protesters were sincerely mad about the government bailouts, they’d be yelling on Capitol Hill and in front [...]

Mortgage tax credit fraud by illegal aliens? Shhhhh…

By Michelle Malkin  •  October 22, 2009 04:59 PM

Whenever I have noted illegal alien mortgage fraud over the years, I’ve been smacked with the RAAAAACIST card. Wonder if the Inspector General for Tax Administration is going to get mau-mau-ed by the open borders lobby, too. Shhhhhh: The rush to implement a tax credit for first-time home buyers opened the program up to potential [...]

Punchline of the day

By Michelle Malkin  •  October 19, 2009 10:33 PM

Oh, crikey. I’m cramping up. From. Laughing so hard. Ouch. Ow. Stop the pain! The administration’s new two-pronged initiative, operating under a law passed by Congress last year, will consist of a bond purchase program to support new lending by these agencies, and a temporary credit and liquidity program to boost agency access to credit [...]

Wealth redistributor-in-chief: Hey, let’s spread around another $13 billion!

By Michelle Malkin  •  October 14, 2009 11:20 PM

You. Have. Got. To. Be. Kidding. Me: President Obama on Wednesday attempted to preempt the announcement that Social Security recipients will not get an increase in their benefit checks for the first time in three decades, encouraging Congress to provide a one-time payment of $250 to help seniors and disabled Americans weather the recession. “One-time [...]

So, Paulson lied? He’s misled America from Day One

By Michelle Malkin  •  October 5, 2009 12:20 PM

The Naked Emperor revisited.

Another shining example of Obama “efficiency”

By Michelle Malkin  •  September 16, 2009 10:03 AM

There is no such thing as a temporary entitlement. There is no such thing as a temporary entitlement that ever costs less than the government estimates. To wit: Here is yet another shining example of Obama “efficiency” that tells you all you need to know about Obamacare projections and promises: When Congress passed an $8,000 [...]

O: Now that I’ve propped up Big Banks & made ‘em bigger, we should really do something about this

By Michelle Malkin  •  September 14, 2009 12:37 PM

“Reckless.”

More tax dollars for the self-proclaimed bank terrorist

By Michelle Malkin  •  August 26, 2009 01:35 PM

Last year, I introduced you to self-proclaimed bank terrorist and housing entitlement shakedown artist Bruce Marks of the Neighborhood Assistance Corporation of America (NACA). Reminder: Over the years, as part of his permanent campaign to browbeat banks into giving fair loans to low- and moderate-income people, Marks and his yellow-T-shirted followers have swarmed shareholders’ meetings [...]

Barney “Grabby Hands” Frank: Ready to “reshape U.S. finance”

By Michelle Malkin  •  August 25, 2009 11:46 PM

Egad, hasn’t he done enough damage already? Apparently not. Via the Boston Globe, Rep. Barney Frank can’t wait to meddle even more in the marketplace. Keep an eye on the grabby hands: As chairman of the House Financial Services Committee, Frank is busy assembling a complex bill to give the federal government unprecedented control over [...]

Sunday morning on the Beltway roundtable circuit

By Michelle Malkin  •  August 2, 2009 12:28 PM

The nutroots were quite upset with George Stephanopoulos for inviting me on his This Week roundtable. They piled on him on Twitter. And even Paul Krugman tried to stir up lefty ire. God forbid a non-establishment, non-Beltway-certified “acceptable” conservative have a voice in a mainstream forum! Unlike Matt Lauer, Stephanopoulos wasn’t compelled to play “beat [...]

Culture of Corruption Watch: Hill edition

By Michelle Malkin  •  July 29, 2009 09:30 AM

Regular readers are familiar with Democrat deadbeat Rep. Laura Richardson. (See here for all previous posts.) She’s the Democrat congresswoman who defaulted six times on her home loans and has left a trail of unpaid bills in her wake. Well, finally, finally, her Sacramento foreclosure scandal is now the subject of a House ethics probe. [...]

The Obama-conomy: “It’s worse than you think”

By Michelle Malkin  •  July 27, 2009 09:14 AM

Of course, it’s all Bush’s fault: The U.S. economy is not only shedding jobs at a record rate; it is shedding more jobs than it is supposed to. It’s bad enough that the unemployment rate has doubled in only a year and a half and one out of six construction workers is out of work. [...]

Your TARP dollars at work

By Michelle Malkin  •  July 13, 2009 03:23 PM

Reader Stanley e-mails that Wells Fargo is suing itself, and has hired two different law firms to do so. Details from Dow Jones columnist Al Lewis: You can’t expect a bank that is dumb enough to sue itself to know why it is suing itself. Yet I could not resist asking Wells Fargo Bank NA [...]

The Fannie and Freddie debacle: An autopsy

By Michelle Malkin  •  July 7, 2009 09:57 AM

GOP members of the House Oversight Committee have put out a report analyzing Fannie Mae and Freddie Mac’s role in the housing meltdown. The Hill summarizes: “The housing bubble that burst in 2007 and led to a financial crisis can be traced back to the federal government intervention in the U.S. housing market intended to [...]

What is Barney Frank up to now?

By Michelle Malkin  •  July 1, 2009 12:13 PM

Beware the grubby paws (hat tip – Will Amos): House Financial Services Committee Chairman Barney Frank has a plan to funnel income from the government’s $700 billion bailout fund toward the housing sector. The powerful Massachusetts Democrat last week quietly introduced legislation that aims to use $1 billion in dividends paid by the recipients of [...]

And next: A Fine Print Czar

By Michelle Malkin  •  June 30, 2009 06:00 PM

I don’t know about you, but the idea of anyone in Washington fuming about fine print while they ram thousand-page bills through Congress that no one bothers to read is, well, triple-snort-worthy: President Barack Obama asked Congress on Tuesday to create a new agency to police the fine print on consumer products like credit cards [...]

After the “Special Master of Compensation”

By Michelle Malkin  •  June 9, 2009 04:39 PM

The WSJ broke the news on Friday about Obama’s new “pay czar,” Kenneth Feinberg. His official title as executive-pay-limiter-in-chief: Special Master of Compensation. Can’t wait to see his logo. Next up: Obama appoints the… …Distinguished Overlord of Oxygen Intake (to limit individual human carbon emissions); …Royal Captain of Calorie Consumption (to limit weight gain and [...]

Be careful with Chrysler closure “hit list” claims

By Michelle Malkin  •  May 26, 2009 03:11 PM

Photoshop credit: George at Elegant Memories There have been several interesting and informative blog posts published recently on the Chrysler dealership closure “hit list.” Posts by Joey Smith, Doug Ross, and on Free Republic shed light on the campaign contributions of the targeted dealers — who happen to lean Republican. Is Obama capable of such [...]

Making Government Motors official

By Michelle Malkin  •  May 19, 2009 04:52 PM

Photoshop: Doug Powers Hey, remember that bullcrap about how if we forked over billions in tax dollars to bail out the auto companies, we’d not only get our money back, we’d actually make a profit? Yeah. Never mind: General Motors Corp’s (GM.N) plan for a bankruptcy filing involves a quick sale of the company’s healthy [...]

Obsessive Housing Disorder & Compulsive Intervention Disorder

By Michelle Malkin  •  May 18, 2009 11:42 AM

Your lunchtime must-read from Steven Malanga in the City Journal: Obsessive Housing Disorder. Bottom line: Ultimately, the goal should be to end subsidies that amount to a government project to direct homeownership to places where Washington believes it should be taking place. That kind of political meddling in this vast marketplace has wreaked havoc time [...]

Washington can’t meet the Cheerios Standard

By Michelle Malkin  •  May 15, 2009 09:07 AM

Washington can’t meet the Cheerios Standard by Michelle Malkin Creators Syndicate Copyright 2009 I think it’s time we applied the same advertising standards to Washington’s legislative products that the feds apply to breakfast foods. The Food and Drug Administration rapped General Mills this week for making misleading claims about the benefits of Cheerios. The food [...]

California wants a piece of TARP

By Michelle Malkin  •  May 14, 2009 08:41 AM

Hey, the amorphous TARP bailout program has been used for everything else under the sun, why not as a cover for debt-laden California? Barney Frank thinks it’s a peachy idea: California Treasurer Bill Lockyer on Wednesday formally requested federal help to backstop a wave of short-term borrowing the cash-strapped state will need to undertake this [...]

Hey, let’s throw another $19 billion down the rat hole!

By Michelle Malkin  •  May 8, 2009 01:44 PM

The fraud-ridden money pit known as Fannie Mae needs more of your money. Who among the Fannie-kissers in Congress will say no? Say goodbye to another $19 billion: Fannie Mae (FNM.P), the largest provider of U.S. home mortgage funding, said on Friday it needs more capital from the U.S. Treasury after a $23.2 billion loss [...]

Deadbeat Dem’s crummy house back in the news

By Michelle Malkin  •  May 5, 2009 05:50 PM

Democrat Rep. Laura Richardson is back from her Congressional Black Caucus rendezvous with Fidel Castro, but her head is apparently still in the clouds. She continues to neglect one of the many homes she has defaulted on — and her neighbors are getting sick and tired of it: Known as much for her house troubles [...]

A few words about the Freddie Mac CFO suicide

By Michelle Malkin  •  April 22, 2009 12:51 PM

David Kellerman, 41, the chief financial officer of troubled government-sponsored enterprise Freddie Mac, reportedly killed himself sometime last night or early this morning. Family members contacted police before 5 am after discovering the body in his Fairfax VA home. Lots of speculation and wild-eyed conspiracies already taking off. Yes, Freddie Mac is in financial meltdown. [...]

Barack Obama: Refi pitchman

By Michelle Malkin  •  April 9, 2009 11:09 AM

BamWow!

Introducing the Obama Suckers Mutual Fund

By Michelle Malkin  •  April 9, 2009 07:01 AM

Yes, Virginia, the Obama administration is still living in fantasy land — and wants to rope you into it, too. Here’s a coffee-spurting headline for you this morning. Turn your head away from your computer screens upon reading: U.S. Imagines the Bailout as an Investment Tool Wait, wait. It gets better: During World War I, [...]

Feds extend Crap Sandwich to life insurers

By Michelle Malkin  •  April 8, 2009 09:10 AM

Gulp.

Barney Frank protests (and sputters and bullies) too much

By Michelle Malkin  •  April 7, 2009 03:12 PM

Wah.

Feds crack down on all the mortgage scammers but one

By Michelle Malkin  •  April 6, 2009 03:50 PM

There was a big dog-and-pony show earlier today led by Tiny Tim Geithner, who announced bold new initiatives to crack down on mortgage scammers and shut down irresponsible lenders cooking the books. Speaking of mortgage scammers who cooked the books, when will they shut down Fannie and Freddie and go after their enablers in Congress? [...]

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