Tuesday, September 30, 2008
Monday, September 29, 2008
Tuesday, September 23, 2008
To quote John Stossel, "Give me a break!"
Cross-posted at Liberty & Power.
Cross-posted at Liberty & Power.
Sunday, September 21, 2008
As though "independent" oversight could have avoided the problems better than HUD oversight. The issue hasn't been lack of oversight, but intervention designed to countervail the market process in order to promote home ownership among people who couldn't otherwise have afforded it. Not coincidentally, this brought great profits to the financial, homebuilding, and real-estate industries. Nothing short of blocking Fannie's and Freddie's path to the taxpayers' wallets could have turned things around.Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish: (1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) the Federal Housing Enterprise Board.Sets forth operating, administrative, and regulatory provisions of the Agency, including provisions respecting: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical capital levels; (4) risk-based capital test; (5) capital classifications and undercapitalized enterprises; (6) enforcement actions and penalties; (7) golden parachutes; and (8) reporting.
Yeah, a real maverick.
Is it stupidity or venality? It could be both, couldn't it?
Friday, September 19, 2008
Pundits and politicians are virtually unanimous in saying today's economic turmoil is the result of a laissez-faire policy in Washington and an orgy of greed and irresponsibility on Wall Street. Laissez faire in Washington? On what planet?The rest of this week's TGIF, "Government Failure," is at the Foundation for Economic Education website.
Thursday, September 18, 2008
"But whether the Constitution really be one thing, or another, this much is certain: that it has either authorized such a government as we have had, or has been powerless to prevent it. In either case, it is unfit to exist." --Lysander Spooner, "The Constitution of No Authority"
Saturday, September 13, 2008
I wonder if Obama doesn't want the smorgasbord removed before he's gotten to the table. The Fuhrer Principle must be enticing to any presidential candidate.
Some peace candidate. "We won't be fooled again"? Sure we will.
Friday, September 12, 2008
Be afraid. Be very afraid.
Update: This link now goes to the segment of the interview in which she discusses domestic policy. It originally went to the foreign-policy segment, which I cannot find now on the ABC site.
The rest of this week's TGIF, "Bailing Out Statism," is at the Foundation for Economic Education website.
Thursday, September 11, 2008
If John McCain keeps up that self-righteous fakery about wanting to be our servant, we’re in for two rather tedious months until election day.
First of all, he also says he wants to be our leader. How can he be both our leader and our servant? We know what’s really going on here. The servant shtick is phony humility intended to soften us up. He has no intention of being our humble servant and every intention of being our know-it-all Great Leader, our commander in chief.
The rest of this week's op-ed, "McCain's Self-Righteous Fakery," is at The Future of Freedom Foundation website.
Tuesday, September 09, 2008
Monday, September 08, 2008
For anyone who needs reminding, the free market means private profits and losses.
Saturday, September 06, 2008
Come and see the violence inherent in the system!
Lieberman, who was the 2000 Democratic vice presidential nominee but is now an independent, has helped introduce Palin to officials of the American Israel Public Affairs Committee, the leading pro-Israel lobby. In a meeting Tuesday, the day before she delivered her prime-time address at the Republican National Convention here, Palin assured the group of her strong support for Israel, of her desire to see the United States move its embassy from Tel Aviv to Jerusalem and of her opposition to Iran's aspirations to become a nuclear power, according to sources familiar with the meeting.Next time McCain sings "Bomb, bomb, bomb, bomb-bomb Iran," he'll have someone to sing harmony.
Friday, September 05, 2008
This is how a maverick behaves? Memories are short in politics.