Archive for October 13th, 2008

Quote of the Day…10/13/08

“Look, we don’t care about an old washed-up terrorist and his wife, who still, at least on Sept. 11, 2001, said he still wanted to bomb more. That’s not the point here. The point is Sen. Obama said he was just a guy in the neighborhood. We know that’s just not true. We need to [...]

Anatomy of a Train Wreck: Causes of the Mortgage Meltdown by Stan J. Liebowitz

Sloppy press coverage about the financial crisis has spawned a host of widely believed myths. Take, for example, one of the popular names for it–the subprime mortgage meltdown. This is a misnomer: houses financed by subprime and prime mortgages were foreclosed upon at equal rates and at the same time. Instead, the crucial distinction is between adjustable-rate mortgages and fixed-rate mortgages.

A chronological review of how and why the mortgage industry collapsed

ACORN is one of the principlal beneficiaries of Fannie/ Freddie’s slush funds. They are currently under indictment or investigation in many states. Barack Obama served as their legal counsel, defending their activities for several years.

The Who’s Who of the Mortgage Meltdown

FRANKLIN RAINES - was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregulaties in Fannie Mae’s accounting activities. At the time of his departure The Wall Street Journal noted, “Raines, who long defended the company’s accounting despite mounting evidence [...]

McCain Letter Demanded 2006 Action on Fannie and Freddie

Sen. John McCain’s 2006 demand for regulatory action on Fannie Mae and Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS learned from the letter shown in full text below.

Let’s Get Congress Out of the Housing Market

Beware of trying to do good with other people’s money. Unfortunately, that strategy remains at the heart of the political process, and of proposed solutions to this crisis.

Jerome Corsi Interview on Kenya, Obama & Odinga [10/10/08?]

Go here for audio…
Related
Proof Obama backed ruthless, foreign thug
Set up direct Senate contact for Kenyan opposition leader
Sen. Barack Obama designated a personal aide as his direct contact for the 2007 Kenyan presidential campaign of Raila Odinga, who later was appointed prime minister after his election loss was followed by widespread, deadly violence that destroyed [...]

Obama campaign now publishing lies on his ties to Acorn

Intrepid bloggers at Sweetness & Light, Gateway Pundit and Riehl World View have documented the lies that the Obama campaign is publishing on its “Fight the Smears” website. Confident that the media will not report the facts, the campaign does not hestitate to deny docuemnted facts.

How We Win This Debate: Tell America To Google The Facts!

Go here….