Sorry About My Absence

Things have been real freaking busy where I work at in recent weeks and by the time I get home, the only thing I felt like doing was kicking my feet up and watching a rerun of NCIS or the NASCAR race on the weekend.  Someone, after all has to pay for all this Stimulating Hope & Change that the Moonbat Messiah has promised everyone.  Someone has to keep working to pay for all of these bad mortgages that irresponsible people got themselves into and refinanced 110% of the equity in that home to buy that 72 inch plasma tv and the X-Box that will further meltdown their minds into goo and mush.

Hopefully, this week I’ll get myself back on track.  More coffee is needed!  Right now, I think I’ll kick back with a nice Turkish coffee and a pastry and contemplate this afternoons Kobalt Tools 500 from Atlanta Motor Speedway and make sure I have my Fantasy NASCAR team picks ready.

Tomorrow night begins the holiday of Purim for all you fellow Jews.  For you Goyim, Purim, like Hanukkah can be described in about 10 words….”They tried to kill us, we won, Let’s Eat!”.

How A Community Organizer From Chicago Helped Create A Global Economic Crisis

 

In Obama We Trust?

In Obama We Trust?

 

 

Presidential Wannabe Barack Obama is galavanting around the country telling anyone who will listen that the housing mortgage market collapsed primarily because of “Deregulation” that took place under George W. Bush and Bill Clinton.

From The Jawa Report v3.0:

 

The reality is that the housing market collapsed in large part because a coalition of race-baiting bullies brought very heavy pressure to bear on the banks to make more subprime loans on properties in low-income communities. Those who didn’t approve the risky subprime loans were accused of “redlining”–i.e., refusing to make loans on properties in those neighborhoods.

Who were these bullies?

Some of the bullies were out in Washington pounding the tables and screaming at bank executives about “redlining”.

At the same time, other bullies were stalking big city courthouses, filing frivolous and extortinate lawsuits against banks based on novel “disparate impact” theories of what might be held to constitute “redlining.” In other words, even banks which were making lots of loansin low-income communities were being sued if they weren’t approving just as many loans in low-income communities as they were in high-income communities.

Who were these mortgage extortionists?

Ragnar Danneskjold, Typical Bitter Gun-Clinger at the Jawa Report v3.0 has the rest of this fascinating story that outlines Obama’s role in this debacle and you can bet dollars to bagels that this story will never be reported by the Obamabots over at MSNBC.

 

The Soprano’s: Barack Obama’s In The Pocket Of The Mob?

October Surprise? 

Huge Story could be breaking soon on The Obamessia.

Wow, this just keeps getting better and better.  It’s looking like  Tony Rezko, an American political fundraiser, restaurateur, and real estate developer in Chicago, Illinois convicted on several counts of fraud and bribery in 2008. Rezko has been involved in fundraising for local Illinois Democratic and Barack Obama just recently had his sentencing delayed so he could roll over on some big names.  One of them appears to be the Democratic Messiah, Barack Obama who may be going down with Rezko and it’s looking like Obama may have to take back his “Hussein” moniker when he joins the Nation of Islam in whatever prison he goes to.

From Hillbuzz:

The Sun Times today gave a major clue that Barack Obama will indeed go down with Tony Rezko, sooner rather than later.  It looks as though Rezko is about to turn on Alexi Giannoulias, the 30-year old State Treasurer of Illinois (who was elected only because Obama backed him).

Here’s where all the clues are…and then we’ll walk you through the local Chicago politics on how today’s hint by the Sun Times has us convinced, for the first time ever, that prosecutor Patrick Fitzgerald could indeed send Barack Obama to jail.

We need to repeat that: we never believed, until now, that Obama would go to jail for anything related to Rezko. Today, this breaking news about what Rezko is singing to the Feds about makes us reconsider all of that.

Barack Obama will serve a prison sentence in the next few years — because knowing Fitzgerald, there is no reason he would be going through all of this if that was not the targeted goal in the long term.

The Chosen One has never said where that home loan came from, has he?  This is truly giving me hope.

From Ace of Spades HQ:

(3) So, Rezko is singing about the Giannoulias family and its longtime “business dealings” in Chicago, which would interest someone like Fitzgerald and the Justice Department, who have had a long ambition to crack Soprano-style business dealings in Chicago (the city known for Al Capone hasn’t changed much, really). The next plate to drop in this will be Fitzgerald then leaning on the Giannoulias family to give up someone bigger than them, who Fitzgerald once discussed in terms of hoping “he has the morals to do the right thing”, to paraphrase. We now believe that person Fitz was talking about is Barack Obama.

(4) The Giannoulias family was involved with Obama as far back as his first state senate campaign in 1996. It has been long rumored here in Chicago that Obama obtained a sweetheart deal on his first town home here in Chicago — which he could not have afforded otherwise — and guess who the financing came from for that house? We’ve been told it was Broadway Bank, the Giannoulias bank. Now, this sets up a scenario where the Giannoulias family helps Obama with his campaign finances and gets him deeper in their pocket with his sweetheart mortgage deal (for the first home he owned that he could not afford) – all in exchange for quid pro quo to be determined later.

(5) One favor political Chicago claims Obama did for the Giannoulias family was in 2006 when, out of the blue, 29 year old Alexi Giannoulias, with no experience, and without ever having voted before, decides to run for State Treasurer of Illinois. Also out of the blue, Barack Obama endorses Alexi Giannoulias for State Treasurer. This was a SHOCK to everyone in Chicago — and Giannoulias would have never become State Treasurer without Obama’s help. In political circles here, it has always been believed that this endorsement was bought years ago with that sweetheart mortgage deal Broadway Bank arranged for Obama to buy his town house.

SNL Rewrites Banned Bailout Skit: Could It Be George Soros Didn’t Approve?

Reports are out that the writers at Saturday Night Live are rewriting their Banned Bailout Skit because it didn’t meet their standards.  I can only imagine that the real reason was that it didn’t meet the approval of Barack Obama’s puppetmaster, George Soros who was one of the targets of the now banned skit.

From Michelle Malkin:

A “Saturday Night Live” skit that skewered President Bush, Democrats, homebuyers and subprime lenders for their roles in the mortgage meltdown was removed from the program’s website because it “didn’t meet out standards,” a spokesman for the show said Tuesday. An edited version of the skit will be re-posted online soon, the spokesman said.

The skit, a parody of a C-SPAN news conference, ridiculed subprime borrowers, housing speculators and Herbert and Marion Sandler, the real-life couple who built Golden West Financial into a subprime lending powerhouse and sold it to Wachovia before the subprime collapse. At one point in the skit, the Herb Sandler character says he made $24 billion off the subprime boom. Graphics then appear labeling the Sandlers as “People who should be shot.”

“Upon review, we caught certain elements in the sketch that didn’t meet our standards,” a spokesman for the program said in an E-mail message Tuesday. “We took it down and made some minor changes and it will be back online soon.”

 

Obama's Puppetmaster George Soros

Obama

I and many other Conservative Blogger who are concerned about the fact that the Liberal Left is doing everything possible to block Constitutionally guaranteed Free Speech in order to usher in their Messianic Era and have the Chosen One Barack Obama elected posted a blog entries including a link to view the Banned Video.  CLICK HERE to read that post and to find the link to the video.

Censorship by another name is Barack Obama!

Message to George Soros…..Consider yourself PWND Biotch!

It’s up and running for now, till the Obamedia manages to get it removed from YOUTUBE, here it is…

Pass it on to every person you know….Viral is where it’s at in 2008!

Burning Down The House: What Caused Our Economic Crisis?

Wanna see who really started this financial mess our nation is in?  The Dumbocrats are going to have a hard time rewriting history on this fiasco.

I hear the moonbats are in vapor lock over this video and are hoping the MSM will completely ignore where the responsibility lies in this mess.

Obama Advisor Franklin Raines Throws Himself Under The Bus

Former Fannie Mae CEO and Financial advisor to Presidential wannabe Barack Obama has thrown himself under the bus, thus joining the ever growing number of people who have proven themselves to be political liabilities to Obama in his attempt to seize power.

From The Politico:

The campaign puts out a statement from former Fannie Mae chief Franklin Raines, disowning ties to Obama, after a McCain ad attacked him for the ties.

The Washington Post reported — with the kind of blind sourcing that suggests the source was Raines — that Raines had “taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.”

Raines said in the statement through the campaign, “I am not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters.”

From the Washington Post:

“In the four years since he stepped down as Fannie Mae’s chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Case’s D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.” Washinton Post, 16 July.

I’m sure it’s just a case of the Obama bumping into Raines at Trader Joe’s while picking up some arugula and spanish ham…….Yeah, right!

Sorry Comrade  Obama, but Raines was in fact on your list of economic advisors, and Freddie Mac did donate $165,000 to your campaign over the last four years.

Corrupt Democrats Guilty Of Enabling Financial Crisis

As good as the paper its printed on...In Barack We Trust (Sarc)

As good as the paper it's printed on...In Barack We Trust (Sarc)

Presidential wannabe Barack Hussein obama has been feeding quite well off the financial tit of Government subsidized companies like Freddie Mac and Fannie Mae for quite sometime and despite his short time in Washington, he has been the biggest recipient of money from those failed companies that he and Democrats like Nancy Pelosi and John Kerry have sheilded from reforms that Republicans like future President John McCain supported in 2005.

Senator McCain Speaks in Support of
The FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005

The United States Senate
May 25, 2006

Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.

The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.

The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.

For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

John McCain realized in 2005 that something needed to be done and tried to take action that may have stopped the recent financial crisis, Democrats also took action…To stop McCain. 

Democrats like San Fran Nan Pelosi who are quick to say “Don’t blame us” are politicizing the crisis to use in attacks against Bush but fail to accept their own deep seated responsibility in the whole situation and a majority of the blame does lie with the most corrupt congress in American history.

Kippah Tip to Flopping Aces