Published by Jack Everest on 04 Oct 2008

Thomas Sowell to Obama Supporters: “Is the Truth Irrelevant?”

For the Americans who stand on the sidelines and watch the spectacle of those zombie-like followers of Obama, who have suspended disbelief and seemingly accepted a parallel reality without an iota of critical resistance, this election season is like a very scary movie…except IT’S REALLY HAPPENING!

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Published by admin on 25 Sep 2008

Who’s responsible for the Freddie/Fannie mess? The Democrats, of course! (FoxNews video embed)

In 2003 President Bush was prevented by the Democrats from overhauling Fannie and Freddie (see story here) and now we see that the same thing occurred in 2005 when Senate Republicans tried to correct the problem…

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Published by admin on 18 Sep 2008

Democrats prevented Bush overhaul of Fannie and Freddie back in 2003 (NY Times)

HT: Hot Air

This is hot! And directly from a NY Times article published on September 11, 2003…President Bush wanted to tighten oversight for the two agencies but the Democrats wouldn’t hear of it.

Ouch! It’ll be interesting to see how Obama will spin this.

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Published by admin on 07 Sep 2008

US Treasury to purchase $5 bln in Fannie, Freddie securities

The U.S. Treasury expects to purchase $5 billion of mortgage backed securities from Fannie Mae and Freddie Mac within the next month as part of its takeover of the mortgage finance giants.

Source: Reuters