Well, well, well.....

Hillary Clinton ineligible for the position of Secretary of State?

I'm sure the trial lawyers will get in on this one!

Bastards!

THIS IS HILARIOUS!

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Where Did This Financial Crisis Come From?

Essentially any and all Washington politicians are to blame for not really doing something before it was too late. However, we can specifically blame Bill Clinton. I know, I know, here comes the "Clinton hasn't been in office for eight years! Why do you always try to pin things on him" response.

Here's how the seed of this debacle was planted.

"...(This) crisis can trace its roots to Bill Clinton’s signature on legislation making it easier for minority constituents with bad credit to obtain mortgages. In 1995, he had his Treasury Secretary, Robert Rubin, rewrite the lending rules for the Community Reinvestment Act, opening the flood gates of mortgage lending to unqualified borrowers.

This legislation, in effect, applied affirmative action to the lending industry, which is to say that the current crisis is NOT a “free market failure” but the result of socially engineered financial policy by the central government. The financial markets welcomed their new customers with open arms, fueling a real estate boom across the board.

These so-called “subprime mortgages,” which were offered at variable interest rates, were widely perceived as good investments. Investors used the high-risk instruments to secure assets in other markets fueling profits for investment banks and mortgage lenders. The subprime market thus expanded rapidly and the mortgage instruments were used by other firms as collateral for investments in stocks, commodities and the like.

Unfortunately, no one questioned the pell-mell regulatory system of oversight for these transactions until large cracks appeared in our economy’s foundation, the first being the collapse of Countrywide, the nation’s largest subprime lender. Then banks and mortgage lenders large and small began downsizing, dumping assets and closing their doors. Bear Stearns filed for bankruptcy. Fannie Mae and Freddie Mac, holders of trillions of dollars in mortgages, were bailed out with 200 billion taxpayer dollars. Lehman Brothers filed for bankruptcy, and insurance giant AIG was given an $85-billion taxpayer prop to keep it solvent.

From an article at The Patriot Post by Mark Alexander

Traffic Jam

I normally frown on the forwarded internet joke. However, I felt this one had enough humor to make it noteworthy.

A driver is stuck in a traffic jam on the highway. Nothing is moving. Suddenly a man knocks on his window.
The driver rolls down his window and asks, "What's happening?"
The man replies, "Terrorists have kidnapped Bill and Hillary Clinton, Ted Kennedy, Jesse Jackson, and Al Sharpton. They are demanding a $10 million ransom for the five of them. They said if it's not paid within the hour they are going to douse them with gasoline and set them on fire. We're going from car to car, taking up a collection."
The driver asks, "How much is everyone giving, on average?"
"About a gallon" he replies.

This one would be for M.D. in transportation who has made me a member of his "forwrds" list for all of his MoveOn.org garbage.

Oh, That Hypocrisy....

Great column from Michael Reagan on the lefts hypocritcal outrage at the Scooter Libbey commutation. The media all in a huff has appaerntly forgotten how it turned a blind eye to Sandy Berger stealing classified documents in his socks and underwear, from the national archives and destroying them. His punishment? Revoked security clearance. Wow that's a blistering retribution for stealing and destroying classified documents.

Then there was the laughable statement from Hillary,

"Today's decision is yet another example that this Administration simply considers itself above the law. This case arose from the Administration's politicization of national security intelligence and its efforts to punish those who spoke out against its policies.

Umm, yeah. She forgot that her husband signed 140 pardons on his last day in office. Read the linked article for details on those. It's rather despicable that she would even open her mouth on the subject.

Shmuley on 'Hotel Rwanda'

Bill Clinton's infamy with regards to Rwanda will tarnish his presidency forever

This is an amazingly gut-wrenching article written by Rabbi Shmuley Boteach. It's a painful read. I have yet to see the movie "Hotel Rwanda" but I do intend to do so. While a movie cannot supplant acurrate historical information, I think I can get the gist of the horror. I can recall my bewilderment at the governments' lack of intervention during the genocide. I had the same bewilderment as U.S. troops landed on the shores of Haiti under the halogen camera lights of CNN and the other alphabet soup networks. I could not understand why we were having live television coverage of an humanitarian mission that looked like an oddly orchestrated invasion. These are the scenarios that occur when politicians who "loathe the military" get involved with commanding those same forces. Interestingly enough, Clinton deployed the armed forces more often than any other U.S. President. Not bad for a guy who loathed them!