Update: From Michelle Malkin, more compelling information on ACORN fraudulent activity, plus federal judge calls out Ohio secretary of state for election law violations... If you haven't been paying attention, it's time to tune in to the story of the Democratic presidential candidate (Barack Obama), widespread voting fraud (ACORN), and detestable past actions that fed the current financial crisis. Are you with me so far? I don't need to retread all the facts because so many others already have. Let's start with this editorial in Investor's Business Daily:A radical group Barack Obama used to work for is committing voter-registration fraud in several states, ahead of the election. What does Obama know about this scam? It goes … [Read more...]
Barack Obama and Democrats’ Role in Failing to Avert Financial Crisis
Writing at Bloomberg News, economic analyst Kevin Hassett unravels the story behind the recent financial meltdown (H/T Rossputin). An opportunity to avert the crisis came in 2005 with the introduction of legislation to provide a "world-class regulator" of government-sponsored mortgage loan institutions Fannie Mae and Freddie Mac. Then-Federal Reserve Chairman Alan Greenspan noted that failure to address the problem was "placing the total financial system of the future at a substantial risk.'" Here's the key passage from Hassett's article (though you should really read the whole thing - it's not terribly long):If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage … [Read more...]