The latest U.S. federal plan to restore confidence in U.S. mortgage bondFor those hit by the mortgage collapse the money is already gone .... and so is the house.
and housing markets, promising strict home lender and mortgage broker standards,
might thwart the next crisis but does little to quell this one.
U.S. Treasury Secretary Henry Paulson unveiled the President's Working
Group plan on Thursday, recommending "strong nationwide licensing standards" for
brokers and tougher oversight of all mortgage originators.
Thursday, March 13, 2008
Posted by Ed at 5:30 PM
Wednesday, March 7, 2007
The Republican bastards pressured and then fired six U.S. attorneys in one of the first witch hunts of the Democratic season:
Six former U.S. attorneys told two congressional committees Tuesday that Republican lawmakers inquired about politically sensitive investigations, and their testimony raised new questions about whether the Bush administration removed the attorneys for political rather than professional reasons.
The U.S. attorneys, all of whom were appointed by President Bush, contradicted the administration's version of their sudden firings.
David Iglesias, the former U.S. attorney in New Mexico, described separate phone calls from Sen. Pete Domenici and Rep. Heather Wilson, both New Mexico Republicans, about a corruption probe that involved at least one Democrat a month before the November elections and weeks before he was fired. At the time, Wilson was in a re-election race that she later won by 875 votes out of nearly 211,000 cast.
Late in October, Iglesias said, Domenici called him at home to ask whether an indictment would be issued against Democrats in New Mexico before the November election. When Iglesias replied that it was unlikely, he said, Dominici expressed disgust and suddenly hung up on him.
"I felt sick afterwards," Iglesias said. "I felt leaned on. I felt pressured to get these cases moving."
Bush is behind it all.
Posted by Ed at 12:45 AM
Tuesday, March 6, 2007
Doctors discovered a blood cot in Vice President Dick Chenney’s leg that could be fatal if not treated.
The 66-year-old Cheney, who has a history of heart problems, will be treated with blood-thinning medication for several months, said spokeswoman Lea Anne McBride.
She said Cheney visited his doctor's office in Washington after feeling minor discomfort in his calf. An ultrasound showed the blood clot — called a deep venous thrombosis — in his left lower leg.
Blood clots that form deep in the legs can become killers if they break off and float into the lungs. This is called a pulmonary embolism. Deep vein thrombosis strikes an estimated 2 million Americans each year, killing 60,000.
Doctors initially treat DVT patients with an anticoagulant medicine called “heparin” – it’s likely that he’ll be grounded for a while as well.
Posted by Ed at 2:14 AM
Wednesday, February 21, 2007
From United Press International:
The U.N. deadline for Iran to stop enriching uranium passed Wednesday as Iranian President Mahmoud Ahmadinejad vowed not to back down.
Speaking at a rally in the northern Gilan provincial city of Amlash, Ahmadinejad accused western nations of truing to "maintain their monopoly" over nuclear technology, the state-run IRNA news agency reported.
"Iran will not retreat one iota in its path to nuclear victory," the president said.
Note that Iran was given just 60 days to stop attempting to enrich uranium at facilities near Natanz - the vote was Dec. 23!
Posted by Ed at 6:40 PM
Tuesday, February 20, 2007
Some try to justify laws that direct the behavior (and lives) of the governed strictly on the basis of a specified outcome. A case in point is China's coercive population control policies:
China's Minister of the National Population and Family Planning Commission boasted Tuesday of having prevented 400 million births in the past three decades. In an interview posted on China's government website, Zhang Weiqing explained that their population control policy has achieved in 30 years what has taken developed countries 100 years to accomplish. "The goal of ensuring Chinese people a relatively comfortable life would not be achieved if we had 400 million more people," Zhang said. – LifeSiteNews
Unfortunately, this United States trading partner has adopted morally bankrupt outcomes that have been achieved, in large part, as a result of forced sterilization and abortion. Millions of lives have been taken, not unlike the 45 million who have been killed via abortion in the United States.
Posted by Ed at 11:15 PM
Monday, February 19, 2007
There's a little "inconvenient truth" about Al Gore's concert series to promote global warming awareness. His new S.O.S. (Save Ourselves) performances, to feature artists like Bon Jovi and Sting, have the potential to unleash more pollution and carbon dioxide (CO2) emissions in one day than some nations create in a year. If Gore succeeds in drawing three million people to each show, as well as streaming the concerts on the web and broadcasting them on television, his efforts would render about 200,000 metric tons of carbon when the conversions from electricity are calculated. To put those numbers in perspective, the concerts would generate more CO2 in one day than the entire nation of Afghanistan has produced in the past year. If Gore buys carbon offsets to make up for the pollution the shows create, which is a likely assumption, he had better buy some gardening gloves. Since it takes an acre of Douglas fir trees (after 50 years of growing time) to offset 1,000 tons of CO2, then Gore will need to plant several hundred acres of firs to make up for one concert. We have a better idea. Skip the concerts and start planting the trees.
Posted by Ed at 4:16 PM
Friday, February 9, 2007
First we hear that the President's budget is irresponsibly overpriced, now it's reported that George Bush wants to spend too little on social programs AND vowed to spend more on various programs. - Human Events
President Reagan once said, "Government does not tax to get the money it needs; government always finds a need for the money it gets." Let's find a way for it to get less.
Posted by Ed at 12:02 AM