Jim Johnson, the man recently chosen by Sen. Barack Obama to search for a VP candidate, is under fire for receiving millions of dollars in below-market loans from Countrywide Financial Corp. chief executive Angelo Mozilo. Private entities like Countrywide are free to give generous loan agreements to whomever they want, …
Sens. Diane Feinstein (D-Calif.) and Mel Martinez (R-Fla.) authored a bill (with 11 co-sponsors, including Sen. Barack Obama) that was incorporated into a housing bill passed by the Senate Banking Committee 19-2 before the Memorial Day recess — a bill that creates a national fingerprint registry. According to a Martinez …
Just like any organized crime group, the Association of Community Organizations for Reform Now (ACORN) has a long and established history of using fraud, deceit and intimidation to achieve its goals. ACORN uses intimidation to shake down corporations for operating funds, deceives its own employees into supporting causes they don’t …
There is no threat to our nation’s fiscal health greater than the coming deficits from unrestrained growth in Social Security, Medicare, and Medicaid. Already Social Security and Medicare consume 7.5% of our GDP. Unless changes are made that figure will jump to 13% by 2030. Bravely stepping in to offer …
At the height of the “mortgage crisis” liberal commentators gleefully claimed recent financial turbulence was proof that free markets didn’t work. If only the housing market in this country was actually free. In actuality, two government-sponsored entities, Freddie Mac and Fannie Mae, have used their guaranteed access to federal credit …
