Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual city with more houses than Seattle. The mortgage finance companies, created by Congress to help Americans buy homes, have become two of [...]
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It seems the Dems are more interested in damage control of the President’s reputation than damage to the Gulf coast. Add to the chorus Senator Chris Dodd, who went on the Imus In the Morning radio show and said the following, Well, you know, they come into office a year ago with all of this. And [...] The Cook Political Report has been handicapping the various races up-coming in 2010. (See here.) The results are surprising, with there even being a (remote) possibility of a GOP majority in the Senate. There are 36 races for US Senator. Ten of them will be for open seats, including Roland Burris’ in Illinois and six retiring [...] With the 2010 election year barely under way, two senators and one governor — all Democrats — ditched plans to run for re-election in the latest signs of trouble for President Obama's party. Taken together, the decisions by Sens. Chris Dodd of Connecticut and Byron Dorgan of North Dakota as well as Colorado Gov. Bill Ritter [...] The discovery that Countrywide Financial Corp. recorded phone conversations with borrowers in a controversial mortgage program that included public officials — and that those recordings have been destroyed — has prompted new congressional calls for more information about the program. Rep. Darrell Issa of California, the ranking Republican on the House Oversight and Government Reform Committee, [...] We here at The American Sector wish a full recovery for Senator Chris Dodd, so that he will be completely healthy when he goes on trial for bribery in the Friends of Angelo affair. In New Jersey the recipients of bribes are rounded up (eventually) and perp walked in front of the press. In Washington it seems to be part and parcel of doing business. According to the AP, an employee of Countrywide Financial has testified in secret before the House Oversight and Government Reform Committee, as well as the [...] Hmn… this could explain something. From 2001-2004, Jackie Clegg Dodd [wife of Senator Christopher Dodd] served as an “outside” director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. Senator Dodd inserted an amendment into the bail-out legislation in February that ratified hundreds of millions of dollars in bonuses to AIG execs. Is there a direct connection? [...] In this time of crisis why should political capital be any safer than financial capital? President Obama’s apparent inability to block executive bonuses at insurance giant AIG has dealt a sharp blow to his young administration and is threatening to derail both public and congressional support for his ambitious political agenda. “Apparent inability”? The Dems wrote bail-out [...] |
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