From the Wall Street Journal:
It would be irresponsible in the extreme for an individual to forestall a personal recession by taking out newer, bigger loans when the old loans can’t be repaid. However, this is precisely what we are planning on a national level.

IBD has an editorial up titled The Bank Terrorist briefly profiling self described “Bank Terrorist” and self described “Urban Terrorist”, Bruce Marks.
Housing: For years, a self-described “bank terrorist” blackmailed banks into making bad home loans in our inner cities. Now those loans are defaulting by the millions, and he’s blaming banks.
Bruce Marks, founder of the [...]

If this Congress is truly interested in healing our markets and saving the economy, there is one bailout they should consider implementing immediately that would be of almost instant benefit to all Americans. Scale back on ALL federal personal and corporate taxes. Roll back the payroll taxes especially, because almost every working American would begin [...]

This is a short clip and the payoff is at the end, when Bill Clinton publicly humiliates Obama by claiming that he needed to be told what the right thing was to do regarding the $700,000,000,000.00. asset nationalization bill.

(Via Breitbart)
My suggestion is that if Barack wins, he should appoint Bill Clinton as his Press Secretary.

Barney Frank should face a grand jury for his significant role in driving the economy into the ditch. Instead, his comments reveal a brazen self-righteousness.

Via Drudge

(Via Breitbart TV) Obama speaking at an ACORN organized event in 2007, proclaims that he will turn to them for guidance in shaping the Obama agenda. Not bad for a group he hardly knows.

Via No Quarter

Investors Business Daily put together this convenient graph to illustrate market comparisons in their political context. The political context in this case being when Republicans tried to reform Fannie Mae and Freddy Mac, and when the Democrats blocked reform.

Click to enlarge
Here are some of the highlights:
• February 2004: The president’s new budget again highlighted risks [...]

Investors Business Daily agrees with me:
IBDeditorials.com: Investors’ Real Fear: A Socialist Tsunami.
The Crash: “Why has the market dropped so much?” everyone asks. What is it about the specter of our first socialist president and the end of capitalism as we know it that they don’t understand?
The freeze-up of the financial system — and government’s seeming [...]

In the video below, Democrats are blaming Republican legislation for the banking crisis.

Correct me if I am wrong, but wasn’t one of the goals of Gramm-Leach-Blily to get the debt off of bank balance sheets, so that they could more easily meet their HUD-Fannie-Freddy mandatory benchmarks? I am no expert in these things, but that [...]

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