Tag Archives: Fannie Mae

I know he’s telling the truth–his lips are moving!

From POLITICAL HOTSHEET at CBS News Blogs (September 30, 2009):

Democratic Representative Alan Grayson of Florida, who has come under fire from Republicans for suggesting on the House floor Tuesday night that “Republicans want you to die quickly if you get sick,” said in an interview with CBSNews.com Wednesday that the response to his comments has been “overwhelmingly positive.”

“People are calling us from all over the country to congratulate us for telling the truth,” he said. “People are happy to see a Democrat with guts.”


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Charlie and Chimpy

Charlie Gibson of ABC News was the first stop on Chimpy’s Magical Rewriting History Tour.

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Lipstick Bungle

Kids, didya see the Katie Couric’s big interview of Princess Sarah? Sarah was fully prepared….but for different questions.

Katie asked about Rick Davis, Captain Underpants’s campaign manager, and his receiving money from Freddie Mac until last month. Here’s the transcript from CBS News:

Sarah Palin: My understanding is that Rick Davis recused himself from the dealings of the firm. I don’t know how long ago, a year or two ago that he’s not benefiting from that. And you know, I was – I would hope that’s not the case.

Katie Couric: But he still has a stake in the company so isn’t that a conflict of interest?

Palin: Again, my understanding is that he recused himself from the dealings with Freddie and Fannie, any lobbying efforts on his part there. And I would hope that’s the case because, as John McCain has been saying, and as I’ve on a much more local level been also rallying against is the undue influence of lobbyists in public policy decisions being made.

I have misplaced my $hithead-to-English dictionary, so if anyone can translate that last part for me, I would be very grateful.
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Risky Business

From NewsHounds:

You know Neil Cavuto right? He’s the head of “business news” at the Fox “News” Channel and at the Fox” Business” Network.

Here’s what he had to say about the financial crisis when discussing it with Rep. Xavier Becerra (D-CA):

Did you warn or express concern about any things that happened? I’m not saying that one or the other is beyond blame, I’m just saying I don’t remember a clarion call that said Fannie and Freddie are a disaster. Loaning to minorities and risky folks is a disaster? Maybe if you said it, enlighten me.

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Oh Henry!

From Barron’s:

BABY, IT’S COLD OUT THERE. So let’s toss another billion on the fire.

What’s that make it? Well, let’s see: $29 billion for Bear Stearns, somewhere between $1 billion and $100 billion each for Fannie and Freddie (a nice narrow range), $85 billion for AIG, a couple of hundred billion to keep stray banks, brokers and their errant kin from asphyxiating themselves by swallowing toxic paper. And then there’s the proposed reincarnation of the Resolution Trust Corp., which all by itself may mean shelling out $800 billion, perhaps even as much as $1 trillion.

While we’re at it, we might as well include the $400 billion with which the Paulson-Bernanke grand plan envisages endowing the Federal Deposit Insurance Corp. so it can insure money-market funds.

But, please, understand those mind-boggling sums in no way, shape or form are to be construed as designed to aid and abet a bailout. Instead, they are merely the essential ingredients of an “intervention,” or, if you prefer, a “rescue” — just about anything, in other words, that’s semantically sweeter than bailout, with its ugly connotation of a sinking ship.


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Cronies and Phonies

Before you faint from seeing where I found this, note that this was at the bottom:

Paid for and authorized by the Democratic National Committee, http://www.democrats.org. This communication is not authorized by any candidate or candidate’s committee.

From Fox Business:

This week John McCain has stayed busy trying to escape his ties to criminal lobbyist Jack Abramoff and his shady lobbyist colleagues, including Randy Scheunemann and Ralph Reed. The McCain campaign has been trying to gloss over the details of Scheunemann’s swings between lobbying and advising McCain, often on issues of interest to recent clients, and attempting to excuse McCain’s enlistment of Abramoff crony Reed to raise money. But the McCain campaign can’t spin away Scheunemann’s shady ties, or his influence on McCain, and they’re not having any more success trying to escape the fallout over McCain’s refusal to cancel his Monday fundraiser with Reed.

(At the top: Captain Underpants and Rick Davis. In front: Randy Scheunemann, Jack Abramoff, Ralph Reed)

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Maybe he’ll win one of those giant Publishers Clearinghouse checks

It seems like the foreclosure nightmare has trickled up to the rich and famous! Never one to not exploit someone else’s misfortune, the cadaverous Larry King interviewed Ed McMahon and his golddigger wife Pamela in the wake of the imminent foreclosure on their mansion.


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