Scroll For Updates: Breaking:Bailout bill fails…Bitchlosi’s Words That Sealed Its Fate..Republicans Blames Bitchlosi, The Market Loses $1.1 Trillion In Value, She May Add ACORN Back In
Remember when: Democrats insist “nothing wrong” at Fannie Mae, Freddie Mac in 2004
Highlights of this eight-minute video:
Maxine Waters: Through nearly a dozen hearings, we were frankly trying to fix something that wasn’t broke. Mr. Chairman, we do not have a crisis at Freddie Mac, and particularly at Fannie Mae, under the outstanding leadership of Franklin Raines. [Raines would barely avoid prosecution for fraud.]
Gregory Meeks: : I’m just pissed off at OFHEO [the regulators trying to warn Congress of insolvency at the GSEs], because if it wasn’t for you, I don’t think we’d be here in the first place. : There’s been nothing that indicated that’s wrong with Fannie Mae, Freddie Mac has come up on its own : The question that then comes up is the competence that your agency has with reference to deciding and regulating these GSEs.
Lacy Clay: This hearing is about the political lynching of Franklin Raines.
Barney Frank: I don’t see anything in this report that raises safety and soundness problems.
Two weeks later Falcon and Raines faced off against each other in a hearing before the House subcommittee on capital markets, which was chaired by Baker. Consider the circumstances. Falcon was Fannie’s regulator and had leveled serious charges, amounting to fraud, against Fannie Mae. Most CEOs would have seen the wisdom of humility at this point, but Raines showed little. “These accounting standards are highly complex and require determinations on which experts often disagree,” he said, adding that “there were no facts” that supported OFHEO’s charge that Fannie executives had deferred an expense in 1998 to earn bonuses.
And most of the Democrats present agreed with him. “This hearing is about the political lynching of Franklin Raines,” said Congressman William Lacy Clay of Missouri. Massachusetts Congressman Barney Frank said, “I see nothing in here that suggests that safety and soundness are an issue.” Other Democrats complained that the mere fact of releasing the report could increase the cost of home-ownership.
“Is it possible that by casting all of these aspersions : you potentially are weakening this institution in the market, that you are potentially weakening the housing market in this country?” Congressman Artur Davis of Alabama demanded. When Falcon tried to answer, Davis acted like a prosecutor grilling a hostile witness. He wanted a one-word answer: yes or no. “Is that possible?” he asked again.
“I have never seen anyone treated as disrespectfully as Armando Falcon was by the Democrats and by Franklin Raines,” recalls one congressional aide. Adds Andrew Cuomo: “I credit him for not folding and not caving and not running, because he took a tremendous beating.”
Here is what Pelosi had to say that sent the bill to defeat:
Republicans Blame Pelosi’s Partisan Speech
Not smart by Pelosi, but also not smart to vote against a bill just because Granny Rictus McBotoxImplants is a bubbleheaded partisan whore.
$1.1 trillion in market value lost
The wealth lost today on the market ” just today ” exceeds the cost of the bailout considerably.
A Liberals Delight On The Upcoming Re-write?
A number of Republican House members and staff, along with others who are plugged in, are telling me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House.
As this scenario goes, the House Democrats need 218 votes, and they have to pick up a number of black and Hispanic House members who jumped ship because the Wall Street provisions, in their view, were too benign. So things like the bankruptcy judges setting mortgage terms and rates, the ACORN slush-fund spending, the union proxy for corporate boards, stricter limits on executive compensation, and much larger equity ownership of selling banks through warrants will all find itself back in the new bill. Of course, this scenario will lose more Republican votes. But insiders tell me President Bush will take Secretary Paulson’s advice and sign that kind of legislation.
It’s official. House rejects Trillion-Dollar-Plus Crap Sandwich; roll call vote added
- TexasSparkle
- A must see: House committee hearing on Fannie and Freddie highlight video « Wolking’s World
- Video: Democrats In Congress Defend And Cover For Fannie Mae And Freddie Mac « Nice Deb
- It’s the economy STUPID! « Northern Thoughts And Reflections
- Michelle Malkin » Kill the bailout: The House floor debate is on
- Michelle Malkin » Fannie, Freddie get federal grand jury subpoenas
- Stuck On Stupid
- The Other McCain: Michelle Malkin, Michael Moore agree?
- Democrats in 2004: Nothing wrong with Fannie/Freddie, regulation of them is “racist” « Crush Liberalism
- Narcissistic views on News/Politics
- Silent Running » Blog Archive » The Cloward-Piven Strategy of Orchestrated Crisis
- Credit where due | Cold Fury
- Democrats are at the root of the financial crisis « Reformation Faith Today
- silent E speaks – Conservatively Speaking from Western Waukesha County » MOAB Watch::
- Again: It’s All Barney Frank’s Fault « The Dude’s Blog
- FAILOUT « Trust, But Verify
- Breaking: Bail out / fail out
- On the Right
- Bailout goes down in flames « WitSnapper | The Blog
- The Other McCain: Bipartisan bailout blowup!
- Bailout Fails ” What Next? | Axis of Right
- Oops: Shit Sandwich Fails « Nice Deb
- Red Alerts
- Plumb Bob Blog » Doesn’t Matter How Good the Bailout Plan Was
- Wordout – Bailout Bill Fails To Clear House
- Hey Congress, Grow Up! | The Sundries Shack
- UNCoRRELATED
- Feelings Hurt, House Republicans Tell Ordinary Americans to go Screw Themselves | NachonBlog
- skewred.com » Is this crap just in their DNA?
- Video of House Republicans Blaming Pelosi « Trust, But Verify
- Ace of Spades HQ
- Lemmings or Leaders? | Counting Sheep
- Hey Nancy Don’t Blame The GOP Dem’s Are Majority Or Did You Forget? « Mcnorman’s Weblog
- silent E speaks – Conservatively Speaking from Western Waukesha County » MOAB Update: Thanks But NO!!!
- Ogre’s Politics and Views » Bailout FAILS!
- Should House Republicans just vote NO on bail out? (UPDATE: Video) « Sharp Right Turn
- BREAKING: House Rejects , An Ol’ Broad’s Ramblings
- The American People Want A Full Meal Buffett Deal–Not A Bailout! « Pronk Palisades
- southchild » Blog Archive » House Republicans to the Rescue
- Bloodthirsty Liberal » Hey, Nancy Palooza”Who’s Unpatriotic Now?
- BAILOUT FAILS! « Down the Ticket
- BipolarNation.com » Let the Storm Pass
- Bailout Dies on the Vine | NeoConstant
- Video Done Right
- Nicholas Fitzgerald » Pelosi’s Mouth Kills Bail Out Plan
- Webloggin » Bailout Bill Rejected: 40% Dems and 67% Repubs Vote No
- And it fails! Bloggers react. « Politics and Profits: Business and the 2008 Election
- Plumb Bob Blog » Doesn’t Matter How Good the Bailout Plan Was
- WeatherOutpost12
- Oops: Shit Sandwich Fails « Nice Deb
- Bailing Out The Bush Legacy: Wither Conservatism? | Political Vindication
- The Other McCain: Bipartisan bailout blowup!
- Text of Bailout Bill: Read The Latest Draft « Sooshi Soo
- Right Angles » Blog Archive » NC delegation votes 9-4 against ‘crap sandwich’ bailout bill
- Mark Levin Fan » Blog Archive » 95 House Democrats join 133 Republicans to defeat bailout
- House Defeats Bailout Bill – What Now? | FullosseousFlap’s Dental Blog
- Take That Bill And Shove It! | Democrat=Socialist
- Democrats Kill Bailout | Faith and Facts
- Obama’s “Economic Justice” Equals Socialism : Ft. Hard Knox
- Jules Crittenden » Sky, Falling
- Pelosi Craps On Republicans = Bailout Bill Goes To The Crapper | BigMouthFrog
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September 29, 2008 - 01:22 PM on September 29th, 2008
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September 29, 2008 - 02:54 PM on September 29th, 2008
[...] Let’s go to the videotape September 29, 2008 A number of conservative, right-leaning, and libertarian bloggers are drawing attention to various videos (like the one below) of compiled [...]
September 29, 2008 - 04:17 PM on September 29th, 2008
The Goracle: Domestic Terrorist…
Snooper – This is really too much. Now that it has been shown the the Global Warming Myth is indeed a myth – the earth and space is cooling down (so is Mars) – the fool, liar and fraud wants his idiot followers to commit domestic terrorism to further…..
September 29, 2008 - 04:20 PM on September 29th, 2008
More Dirty Tactics From Obama’s Camp…
First, the background
alin Dropped From Rally Following Threats From DemocratsWeb EXCLUSIVE: Threats to sponsors may have led to Palin invite reversalAll of the above, leading to the cancellation of ……
September 29, 2008 - 06:12 PM on September 29th, 2008
Bitchlosi……classic!
September 29, 2008 - 06:16 PM on September 29th, 2008
WHEN is this mentally ill danger to America, Bitchlosi, going to be forcibly removed from the floor of the House? Her Speakership is a disaster of historic proportions.
She is without doubt the worst, most damaging, most despised Speaker in history. What a wonderful thing for women, to have the first woman speaker. except that she has ruined it.
We NEED women like Sarah Palin, not this wretched vermin Pelosi.
September 29, 2008 - 06:16 PM on September 29th, 2008
[...] Scroll For Updates: Breaking:Bailout bill fails:Bitchlosi’s Words That Sealed Its Fate..Republic… [...]
September 29, 2008 - 06:59 PM on September 29th, 2008
Draft Notice II…
Also check out The Recession Reader, which is a useful compilation of the Austrian-type, and other liberty-minded, perspectives, on this current market mess, from our friends at LewRockwell.com. And an overview of right-of-center Blogosphere reactions …
September 29, 2008 - 08:07 PM on September 29th, 2008
Financial bailout fails in the House…
I guess I still have time to get a no down payment ARM, default on it and then benefit from a Democrat larded up bailout. ……
September 29, 2008 - 08:29 PM on September 29th, 2008
“We NEED women like Sarah Palin”
———————
“Thanks, but No Thanks!”
September 29, 2008 - 08:56 PM on September 29th, 2008
NO MORE PORK AND SFL GET YOUR BRAINS BACK FROM THE STUPID STORE
September 29, 2008 - 10:45 PM on September 29th, 2008
McCain Takes Out Katie Couric…
PDS – THE MONDAY EDITIONMcCain: This
is not the first time that I’ve seen a governor being questioned by
some quote, “expert.” I remember that Ronald Reagan was a “cowboy.”
President Clinton was a governor of a very small state that had “no
e…
September 29, 2008 - 11:11 PM on September 29th, 2008
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September 29, 2008 - 11:56 PM on September 29th, 2008
ACORN is NOT a low income housing group. They are a Democrat party voter registration front group whose members are under investigation for, indictment for or been convicted of voter fraud in well over a dozen and possibly 2 dozen states. Let’s look at that in a comparative manner shall we? ACORN members have been investigated, indicted and convicted for voter fraud in over 25 percent of the states of the union, and possibly as high as over 50% of the states. Exactly how much voter fraud do they have to be involved in before the federal election commission puts them out of business as a voter registration organization? And investigates to see how high in the orgainzation the corruption goes and who in the Democratic party has been a party to it?
September 30, 2008 - 02:46 AM on September 30th, 2008
About That ‘Emergency Economic Bill’…
…
September 30, 2008 - 04:49 AM on September 30th, 2008
I’m glad that the bail-out failed… Because in my mind, what the government was trying to do was buy stuff that wasn’t worth that much anyway. There was no way that the $700 billion was going to be paid back to the government because what IS THERE LEFT IN THOSE BANKS IS ONLY WORTH THAT MUCH ON PAPER NOT IN REAL VALUE… so it’s good that the taxpayers’ money were spared… democrats are acting like soft communists (aka socialists) on this one…
September 30, 2008 - 06:33 AM on September 30th, 2008
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September 30, 2008 - 07:26 AM on September 30th, 2008
[...] The World According to Carl, Pirate’s Cove, The Pink Flamingo, Wolf Pangloss, Wingless, and Right Voices, thanks to Linkfest Haven Deluxe. ARTICLEURL digg_bgcolor = ‘#ffffff’; digg_skin = [...]
September 30, 2008 - 11:32 AM on September 30th, 2008
Turns out this whole scam bill and scam vote was another democrite political play at America’s expense. Once again, instead of working to solve problems, the DemokkkRats are quite willing to prolong the pain and chaos and hurt more Americans for short-term political gain.
Limbaugh just did a brilliant, well-researched analysis of the vote. Pelosi and the democrites say they wanted the bill passed, and the republicans stopped it. They are lying. If 12 more Democrites had voted for the bill, it would have passed. There are 12 democrites on Barney Frank’s committee, they all voted NO. If they wanted the bill passed, Pelosi or Frank could have picked up the phone, those 12 would have voted yes, and it would have passed. But they didn’t they are lying, and they proved yet again they are treasonous degenerate vermin scum!
How can ANYONE support these vermin and call themselves an American?
I didn’t ant that bill because I think it needs work. But they manipulated it, they lied, and are just playing politics. A pox on them! If they died tomorrow, this nation would be the better for it!
Pelosi and her vermin allies have already done tremendous damage to our economy and to America with her refusal to allow votes on accessing our own resources. This evil, insane woman is a traitor and should be arrested.
September 30, 2008 - 07:15 PM on September 30th, 2008
Palin Derangement Syndrome – She’s Had Her Lips Tattooed!…
THE TUESDAY EDITIONThis is really bad. It is apocalyptic. It is pure duplicity. I am shocked, shocked to see that someone other than my 78 year old (age deleted due to threats) mother would do something like this. Okay, look. Yo…
September 30, 2008 - 11:16 PM on September 30th, 2008
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October 1, 2008 - 04:39 AM on October 1st, 2008
Are We Under Martial Law?…
He thinks so…Update: Apparently there is such a thing, but it is an inside Washington DC procedural thing. Who knew?…
October 1, 2008 - 10:41 AM on October 1st, 2008
[...] Blog, MacBros’ Place, Wolf Pangloss, CORSARI D’ITALIA, Democrat=Socialist, and Right Voices. Also, thanks to Linkfest Haven [...]
October 1, 2008 - 10:41 AM on October 1st, 2008
Why I Don’t Accept Rick Warren As An Orthodox, Biblically-Sound, Legitimate Christian Preacher…
{video}
……
October 1, 2008 - 11:51 AM on October 1st, 2008
Christianity And Islam [REPOST]…
Recently on an internet chat board, I entered into a discussion/debate/argument/whatever on the topic of Christianity and Islam. Someone posted the erroneous premise that the God of the Bible was the same as the “Allah”of Islam.
……
October 1, 2008 - 03:29 PM on October 1st, 2008
[...] Byline, The World According to Carl, The Pink Flamingo, Wolf Pangloss, CORSARI D’ITALIA, and Right Voices, thanks to Linkfest Haven [...]
October 1, 2008 - 04:21 PM on October 1st, 2008
[...] Wolf Pangloss, CORSARI D’ITALIA, Wingless – Canadian Press Cries For Convicted Terrorist, and Right Voices, thanks to Linkfest Haven [...]
October 1, 2008 - 06:22 PM on October 1st, 2008
Kender needs help…
Kender needs his dialysis machine, a place to live, a vehicle, etc. Will you please help?
……
October 1, 2008 - 08:20 PM on October 1st, 2008
[...] Shadowscope, The Pink Flamingo, Cao’s Blog, , CORSARI D’ITALIA, Democrat=Socialist, Right Voices, and Wingless – Canadian Press Cries For Convicted Terrorist, thanks to Linkfest Haven [...]
October 2, 2008 - 04:06 PM on October 2nd, 2008
Sarah Palin – style over substance…
Seems that’s the complaint about Sarah Palin. It might surprise some people, but I agree. ……
October 2, 2008 - 06:03 PM on October 2nd, 2008
Ann Althouse vs. Katie Couric…
Sarah Palin and Joe Biden even make an appearance. ……
October 3, 2008 - 01:26 AM on October 3rd, 2008
Palin scores big in debate victory (link roundup, video and transcript included)…
Going into this debate, the luster that had surrounded Sarah Palin had started to fade and her glittering aura a had begun to tarnish due largely to some unflattering interview performances.Â
The interviews with Gibson and Couric both featured a Pa……