Corruption
Democratic Senator: “Trillions in Debt, ‘Nothing to Show for It”
Michael Bennet, D-Colo,at a town hall meeting in Greeley last Saturday, Aug 21 said we had nothing to show for the debt incurred by the stimulus package and other expenditures calling the recession the worst since the Great Depression. […]
Regarding spending during his time in office he said, “We have managed to acquire $13 trillion […]
Obama’s failed stimulus program cost more than the Iraq war (Budget Deficit Analysis)
Expect to hear a lot about how much the Iraq war cost in the days ahead from Democrats worried about voter wrath against their unprecedented spending excesses.
The meme is simple: The economy is in a shambles because of Bush’s economic policies and his war in Iraq. As American Thinker’s Randall Hoven points out, that’s the […]
Freddie Mac Posts $6 Billion Quarterly Loss (Hope & Change Alert)
Troubled US mortgage firm Freddie Mac reported Monday a second quarter net loss of six billion dollars and sought another 1.8 billion dollars from the Treasury to contain the red ink.
The government-backed company said its strategies to boost business and “sustainable homeownership” were taking hold but cited high unemployment posing […]
A Mortgage Rescue For Greedy Investors? - Are Liberal Trying to Buy Votes?
Buying Votes: It appears that Democrats will receive a severe beating in the fall elections. What can save them? How about the administration wiping out large swaths of debt for underwater mortgage holders?
James Pethokoukis, a Reuters columnist who once wrote for IBD, reported Thursday that the White House might have an […]
Obama: Time for Rangel to end career “with dignity”
President Barack Obama has kept mum on the fate of Rep. Charles Rangel (D-NY) for days — but he tells CBS News that it’s time for the embattled 80-year-old former Ways and Means Chairman to end his career “with dignity.”
Read the whole story at Politico
BUSTED: Obama’s New Budget Chief Got A $900K Bonus From Citigroup After It Got A Bailout
A headline like the one above was always the risk when Obama named Jack Lew to head up the OMB, following the departure of Peter Orszag.
Read more at Business Insider
Goldman Sachs Settles With SEC for $550 million
(Excerpt) NEW YORK (CNNMoney.com) — Goldman Sachs paid $550 million to settle charges of defrauding investors in a sale of securities tied to subprime mortgages, the Securities and Exchange Commission said Thursday. ….. In a statement, the SEC called the settlement “a stark lesson to Wall Street firms that no product […]
Obama Fundraiser gets 12 years prison for $292 million fraud of three major banks
A U.S. judge handed a 12-year prison sentence on Thursday to Hassan Nemazee, a former fundraiser for Barack Obama and Hillary Clinton who admitted to a $292 million fraud of three major banks.
Read the whole story at Reuters.com
White House aide failed to disclose $40K payout
President Barack Obama’s political director failed to disclose that he was slated to receive a nearly $40,000 payout from a large labor union while he was working in the White House.
Patrick Gaspard, who served as the political director for the Service Employees International Union local 1199, received $37,071.46 in “carried over leave and vacation” from […]
REPORT: Los Angeles Mayor Antonio Villaraigosa Accepted $100,000 Worth of Tickets
An aide claims mistakes were made in keeping records that would justify his conduct.
Watch report here!
(Excerpt) Read more at breitbart.tv