Rush: "Federal regulators for the first time are laying out rules," this is from the AP, "aimed at making sure that people who borrow money for mortgages can afford to repay them." Do you realize what this means? Do you realize what this means? "Federal regulators for the first time..." It´s 2013! For the first time? This is a tantamount admission. Nobody´s calling it this, except I, El Rushbo, except me. I´m telling you: It´s a tantamount admission that the subprime mortgage mess was exactly what it was. It was people who were given loans that could never pay 'em back,
The clintons brought in their corrupt buddies and have wrecked the lives of millions of people and cost the lives of thousands and left 10´s of thousands of people wounded with their ideas/theories and just base criminality..
I know it, you know it. I absolutely hate it when we see republican politicians being nice to these criminals.
I believe that this is old news. Any informed investor knew long ago that the Government, the investment brokerage firms, the rating agencies, and Federal agencies were all part of this fiasco. When Lehman Bros , on the verge of bankruptcy, tried to separate the "bad" loans into a separate off-balance sheet entry as opposed to the "good" loans that they would keep on the books, the Government said " no way ". End of Lehman Bros. Incidentally the mortgages Mr Limbaugh is speaking of were integrated with car loans, student loans, etc and the whole ball of wax got far more complex, to the point that few knew how to judge what each pool was worth, and then insurance was taken on the pools , and then insurance was taken on the insurance, like Alice Througjh the Looking Glass, and it all ended in a multi-year recession which is still in play. This has all been greatly exacerbated by President Obama, who never took a budget course in his lifetime.
I´d be greatly surprised if these new guidelines applied across the board. Maybe standard banks but I´ll bet the FHA can still make risky loans.The left doesn´t throw in the towel on something like socialized housing out of simplistic common sense like this.
Give me an example of where the left does anything out of common sense and I´ll start listening.
KINGSTON, Jamaica - Police in Jamaica say authorities have seized 3,300 missile warheads and a machine to make missiles and bullets. Deputy Police Superintendent Steve Brown said Friday that custom officials discovered the weapons late Thursday aboard a ship at Kingston Wharf. He declined to say where the shipment originated from or its destination. No one has been arrested. Brown told reporters that police are seeking helping from international agencies after their findings. He said it was the first time authorities had made such a discovery. [Entire copy]
McLEAN, Va. — A nuclear deal between the U.S., Iran and other world powers has been described as a trust-building step after decades of animosity that hopefully will lead to a more comprehensive deal down the road. But for many of the 66 Americans who were held hostage for 444 days at the start of the Iranian revolution, trusting the regime in Tehran feels like a mistake.[snip]Retired Air Force Col. Thomas E. Schaefer, 83, called the deal “foolishness.” “My personal view is, I never found an Iranian leader I can trust,” he said. “I don’t think today it’s any different
A first-term Florida Republican congressman has been charged with misdemeanor possession of a controlled substance, according to charges filed in Washington, D.C., superior court on Tuesday. Rep. Trey Radel, R-Fla., faces arraignment on Wednesday in Washington. He was arrested on Oct. 29 for alleged possession of cocaine, which was first reported by Politico. The charge carries a statutory maximum sentence of 180 days of imprisonment and/or a fine of $1,000, according to the U.S. Attorney’s office. Radel released the following statement on Tuesday: "I´m profoundly sorry to let down my family, particularly my wife and son, and the people of Southwest Florida.
A sweeping child pornography investigation has led to the rescue of 386 children around the world and the arrest of 348 people, Canadian police said Thursday. Toronto police describe the Project Spade operation as one of the largest child porn busts they´ve ever seen. "It is alleged that officers seized hundreds of thousands of videos detailing horrific sexual acts against very young children, some of the worst that they have ever viewed," Inspector Joanna Beaven-Desjardins said. Police said 108 people were arrested in Canada and 76 in the U.S. Others were arrested in other countries. Australian Federal Police commander Glen McEwen
RALEIGH-DURHAM INTERNATIONAL AIRPORT, N.C. --The pilot of a Southwest Airlines flight headed to RDU went on the loudspeaker and told passengers their plane was going down, according to a woman on board the flight. "He said, we´re going down. And everyone is looking around like, is this a joke? Is he serious? And then you felt the nosedive," passenger Shelley Wills said. Wills told ABC11 the Tuesday night flight from Tampa took a nosedive thousands of feet in the air while they were about 100 miles away from RDU. Wills is a nurse and tried helping the first-time flier seated next to her who
The Family Research Council (FRC) released a video in time for Veterans Day that warns Americans about the persecution of U.S. troops who express their Christian faith. The four-minute-and-44 second video, “A Clear and Present Danger,” features active duty members of the U.S. military sharing their concerns about the “tremendous culture of intimidation and fear in the ranks of the American military right now.” The identities of the men the faces and voices of the man are obscured to cloak their identities. “Soldiers give up a lot of privileges or rights to be soldiers and defend the freedom of others,”
Today has, rightfully, been set aside to honor the men and women who have stood in the breech between us and those who would destroy us, devoting precious years in the very prime of their young lives to protect the country, the people and the way of life they love. They all made tremendous sacrifices, up to and including the ultimate one of giving their lives for their country. They suffered the loss of limbs, sight and even their sanity, or at the very least, the grinding loneliness of separation from family, loved ones and everything that was dear and
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
US President Barack Obama may have moved the masses attending Nelson Mandela’s memorial service with his stirring eulogy, but it was his grinning "selfie" with the Danish and British premiers that set social networks abuzz. In a candid moment captured by a photographer, Denmark’s Prime Minister Helle Thorning-Schmidt can be seen holding up her smartphone, with Obama lending a helping hand, as they pose for a picture with David Cameron, all three of them smiling broadly in their seats at Soweto’s World Cup stadium.(Snip)Mashable, the news and technology website, ran the photograph under the headline: ‘‘Dear Obama: Funerals are no place
Johannesburg - A man who provided sign language interpretation on stage for Nelson Mandela´s memorial service, attended by scores of heads of state, was a "fake," the national director of the Deaf Federation of South Africa said on Tuesday. Asked about the claim by The Associated Press, South Africa´s government said it was preparing a statement. Three sign language experts said the man was not signing in South African or American sign languages. South African sign language covers all of the country´s 11 official languages, according to the federation. It wasn´t immediately clear if the unidentified man was using a
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
House Speaker John Boehner (R-Ohio) snapped at conservative groups that have come out in opposition to the budget deal reached Wednesday between Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). "They´re using the American people for their own purposes. This is ridiculous," Boehner said at a press conference with other members of House Republican leadership on Wednesday. Over the past few days, a number of conservative groups have blasted the deal because it sets discretionary spending levels in the budget higher than previous levels under sequestration. In the past three days, the influential Heritage Action, Club for Growth, Americans
A black fashion student says he was brutally attacked by a gang of Hasidic men who shouted anti-gay slurs at him while he was walking through Williamsburg after a night of partying, the Daily News has learned. Taj Patterson, 22, was headed home to Fort Greene around 4:30 a.m. on Dec. 1 when he says more than a dozen ultra-Orthodox Jewish men began assaulting him on Flushing Ave. and yelling, “Stay down, f----t!”
A “presidential selfie” featuring President Barack Obama, British Prime Minister David Cameron, and Denmark’s Prime Minister Helle Thorning-Schmidt at Nelson Mandela’s memorial service began making the rounds this morning, but it’s the person not included in the frame who caught everyone’s attention: As anyone with two eyes and a Twitter account has noticed, Michelle Obama does not appear amused. Of course, though a picture says a thousand words, not all of those words are necessarily true. FLOTUS might not have even known the photo was taking place. Or she could disapprove of funeral selfies. Either way.