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.
There are many liberals who lead thoroughly decent lives. And there are conservatives who do not. But that is not the whole issue. There is something about liberalism that is not nearly as true about conservatism. The further left one goes, the more one finds that the ideology provides moral cover for a life that is not moral. While many people left of center lead fine personal lives, many do not. And left-wing ideals enable a person to do that much more than conservative ideals do. There is an easy way to demonstrate this. If a married — or even
In the 20th century, Western intellectuals’ two most dominant explanations of disparities in economic, educational and other achievements were innate racial differences in ability (in the early decades) and racial discrimination (in the later decades). In neither era were the intelligentsia receptive to other explanations. In each era, they were convinced that they had the answer — and dismissed and disparaged those who offered other answers. Differences in mental test scores among different racial and ethnic groups were taken as proof of genetic differences in innate mental ability during the Progressive era in the early 20th century. Progressives regarded the
Texas A&M said Tuesday that redshirt freshman Polo Manukainiu and a friend who was joining the Utah football team this fall were among three people killed in a single-car rollover crash in the high desert of northern New Mexico, stunning both schools just days before fall practices begin. Manukainiu, a 19-year-old defensive lineman for the Aggies, and 18-year-old Utah recruit Gaius "Keio" Vaenuku were killed, officials from both schools said. The wreck happened Monday evening on U.S. 550 near Cuba, about 85 miles north of Albuquerque, apparently as the group was returning to suburban Dallas, where three of them had
Living in the Detroit metro area most of the last decade, I have experienced many of the events leading to its bankruptcy.Take, for example, the 2008 State of the City address by then-mayor Kwame Kilpatrick. With Detroit facing a perilous fiscal future and him facing ethics complaints, Kirkpatrick highlighted race. He sparked controversy by using the “n-word” while referencing an insult he received from some random person. Kirkpatrick vowed to stand strong against this attack, and asked citizens to stand by him against a “lynch mob mentality.” He essentially used that slur to leverage racial tension, inciting and dividing the
Stomping on the brakes of a 3,500-pound Ford Escape that refuses to stop–or even slow down–produces a unique feeling of anxiety. In this case it also produces a deep groaning sound, like an angry water buffalo bellowing somewhere under the SUV’s chassis. The more I pound the pedal, the louder the groan gets–along with the delighted cackling of the two hackers sitting behind me in the backseat.[snip]This fact, that a car is not a simple machine of glass and steel but a hackable network of computers, is what Miller and Valasek have spent the last year trying to demonstrate. Miller,
George Zimmerman’s defense team released a statement Friday shortly after President Obama’s remarks in a press conference. “Trayvon Martin could have been me 35 years ago,” Obama said, and urged the nation to have a conversation about race. Zimmerman’s legal team promptly responded. “To focus on this one line misses the nuances of the President’s message,” reads the statement which was posted at the defense team’s website GZLegalcase.com. Earlier Friday, Robert Zimmerman Jr., George Zimmerman’s brother told The Daily Caller that Obama’s remarks reinforced the “mythology surrounding the case.” The president did not acknowledge the evidence supporting Zimmerman’s claim that Martin
A bizarre attack on a 12-year-old boy operating a lemonade stand in Fairfax County is being investigated as a possible hate crime, according to a search warrant filed in Fairfax County court. The boy and a sibling had set up the stand in the courtyard of the Camden Monument Place Apartments in the 12000 block of Monument Drive on July 6 when a person wearing a full-body leotard decorated with a design of the internal human anatomy exited one of the complex’s buildings about 6:30 p.m., the warrant said. The outfit concealed the person’s identity. The person approached the stand
Angela Corey, the state attorney who has become a household name as the prosecutor in the Zimmerman trial, has a reputation: for overcharging, withholding evidence, and retaliating, professionally and personally, against critics. But she was handpicked by the Florida governor and attorney general for the Zimmerman case. Why? It’s a question that may never be satisfactorily answered — but the evidence suggests the perfect storm in the Sunshine State: a maelstrom of weak-kneed Republicans, coercion, cronyism, and plain bad judgment.
TUCKER, Ark. — Arkansas has a number of dogs behind bars, but they’re not in the pound. They’re part of a program called Paws in Prison that pairs pooches with prisoners for obedience training. Arkansas Department of Correction spokeswoman Shea Wilson says some of the dogs in the program were at risk of being euthanized in animal shelters. Meanwhile, some of the inmates who train the dogs are serving life sentences. Wilson says the program is about second chances for both the dogs and the inmates. The program works with animal shelters and rescue groups across the state to set
PITTSBURGH – The Pennsylvania State Police have charged a western Pennsylvania judge with stealing cocaine from evidence in cases he presided over before he abruptly resigned last year. According to police, the charges against former Washington County Judge Paul Pozonsky will be prosecuted in Washington County by Senior Deputy Attorney General Michael Ahwesh.(snip) In May of 2011, Poznosky allegedly began to request that police bring the confiscated drugs into the courtroom. At that time, the drugs would be entered as evidence and then retained by either Poznosky or his staff. Post corrected by Staff. Please proofread.
The commander in chief of the American armed forces today forced a violation of Marine Corps regulations, so he wouldn’t get wet. According to Marine Corps regulation MCO P1020.34F of the Marine Corps Uniform Regulations chapter 3, a male Marine is not allowed to carry an umbrella while in uniform. There is no provision in the Marine Corps uniform regulation guidelines that allows a male Marine to carrying an umbrella. Nevertheless, during a press conference under a light drizzle with Turkish Prime Minister Recep Tayyip Erdogan this morning, President Obama allowed the First Head to be
The chairman of the House Intelligence Committee said Sunday he believes “more whistleblowers” will come forward with information on the deadly attack last year on diplomatic outpost in Benghazi, Libya. “I do think we are going to see more whistleblowers. I know certainly my committee has been contacted, I think others committees [have been contacted] as well,” Rep. Mike Rogers (R-Mich.) said on “Fox News Sunday.”Rogers’s comments came days after a trio of State Department officials criticized the Obama administration’s actions regarding the Sept. 11, 2012 attacks at a House Oversight and Government Reform Committee hearing.
Conservative bloggers went wild Monday when they got wind of the Congressional Black Caucus’ suggestion that President Obama pick Rep. Sheila Jackson Lee of Houston for the post of Secretary of the Department of Homeland Security. Rich Cooper, avid blogger for Security Debrief, responded to the news of the Jackson Lee recommendation in a post by saying, “Apparently, it is not a joke. For reasons that baffle any sense of reality, it is a serious gesture on the part of the Congressional Black Caucus (CBC) to encourage President Obama to nominate Rep. Jackson Lee
There have been days since her son Ezekiel was born 11 months ago that Los Angeles mom Beth Capper has gone without food to keep up her supply. One friend was arrested for stealing some. It´s not drugs or alcohol or even baby formula that has put her in such a bind. It´s diapers. "There´s no way around buying them," said Capper, a 41-year-old single mother who doesn´t work because of a disability. Across the country, mothers like Capper are facing the same predicament. According to a report published Monday in the
America is in great shape energy-wise. We have more gas and oil reserves than ever before. Indeed, the United States could shortly become the world’s largest exporter of coal. Our cheaper power rates may bring energy-intensive industry back from Europe and Asia. If America’s small colleges are nearly broke and our public schools failing, nonetheless our blue-chip universities’ math, science, and engineering departments, and professional schools, remain the best in the world. (Snip)In our age, Nobel laureate, exempt Al Gore proved a fraud: the feminist who was accused of groping a woman in crazed sex-poodle fashion;
It is a small Alaskan village whose inhabitants have relied on the sea for countless generations. But within a decade, it is expected that the ocean which the village of Kivalina has so relied on will completely destroy it--creating America´s first climate change refugees. Temperatures in the Arctic region of Alaska are warming twice as fast as the rest of the U.S, causing ice to retreat, sea levels to rise and coastal erosion to increase. It is a small Alaskan village whose inhabitants have relied on the sea for countless generations. The 400 indigenous Inuit inhabitants of Kivalina, who live
Gotta figure her lead would be even bigger without Joe Miller in the field here. Her nomination for the taking? Alaska should be a top tier pick up opportunity for Senate Republicans next year…but their top choice of a candidate is Sarah Palin. 36% of GOP primary voters in the state say they’d like Palin to be their standard bearer against Mark Begich to 26% for Mead Treadwell, 15% for Dan Sullivan, and 12% for Joe Miller.
President Obama has been rolling up his sleeves campaigning across the country delivering a surreal stump speech message supposedly aimed at the middle class: big government works, Obamacare is manna from heaven, the wave of recent scandals are “phony” figments of the imagination, and all economic problems are the fault of the Republicans. Conveniently, he leaves out the bankruptcy of Detroit, a city run by his own party for more than half a century. His message is so stale and unconvincing, that even The New York Times and Washington Post have noticed. Both papers, usually loyal to Obama, remarked that
In an interview on National Public Radio (NPR), House Minority Leader Nancy Pelosi said her new agenda for women will give mothers access to day care so they can “earn without carrying the burden of child care.” During the interview, aired on Weekend Edition Sunday, Pelosi spoke about her newly announced agenda, which is on her website, and is titled, “When Women Succeed, America Succeeds: An Economic Agenda for Women and Families,” a plan that includes universal pre-school and access to day care for working women, and an increase in the minimum wage.
Sen. John McCain — a Democrat? There was confusion Wednesday after the Arizona Republican mistakenly strolled into President Obama’s meeting with Senate Democrats at the Capitol. The room full of Democrats — who happened to be meeting in the same room where the Senate GOP usually holds their weekly policy luncheons — erupted in applause and laughter as the former Republican presidential candidate made his entrance. As McCain, 76, walked out of the Dem-filled space, reporters pressed him as to why he stepped foot in the room.
Many low-income families receive government assistance to help them purchase food and housing. Diapers are another story, a new study suggests. In what they are calling the first peer-reviewed study to quantify diaper need, Yale University researchers have found nearly a third of mothers cannot afford to purchase their infants diapers, raising health risks for not only babies but for moms who become stressed over the finances. "Notably absent from the antipoverty efforts targeting families is an essential staple for the health of children, diapers," wrote the researchers, led by Dr. Megan Smith,
Mideast: The sequester has "cost jobs," says President Obama, and "gutted investments in education and science and medical research." But somehow he´s earmarked $500 million for Hamas terrorists. Circumventing Congress and with no fanfare, President Obama last week issued an executive order enabling him to send an additional $500 million directly to the Palestinian Authority in the West Bank — much of which you can bet will wind up going to the Iranian-backed Hamas terrorist organization. According to Obama, "it is important to the national security interests of the United States to waive the provisions of" Congress´ legislative restrictions "in
The mother of Trayvon Martin said Monday that she believed Florida’s Stand Your Ground law played a role in her son’s shooting death, but she wasn’t ready to support a boycott of the state for not changing the self-defense law. “The thing about this law is I just think it assisted the person who killed my son to get away with murder,” Sybrina Fulton, the mother of the 17-year-old from Miami Gardens, said at a National Bar Association event in Miami Beach. “I think we have to change these laws so people don’t get
A group of experts advising the nation’s premier cancer research institution has recommended sweeping changes in the approach to cancer detection and treatment, including changes in the very definition of cancer and eliminating the word entirely from some common diagnoses. (Snip) The group, which includes some of the top scientists in cancer research, also suggested that many lesions detected during breast, prostate, thyroid, lung and other cancer screenings should not be called cancer at all but should instead be reclassified as IDLE conditions, which stands for “indolent lesions of