Friday, September 9, 2011

Dr. Frankenstein Turns Against His Monster

I'm not going to talk about the president's speech.  He is intellectually bereft, and perhaps the most economically ignorant president in the nation's history.  I will give him credit for pulling off a singularly unprecedented act :  Last night was the first time a sitting president kicked off his reelection with a campaign speech delivered to both houses of congress.  Kudos to President Obama!  Even FDR never dared to be so brazen, and the utter shamelessness of it was impressive.

On to some real news...
The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble.  (NY Times)
This reminds me of when the elder George Bush took down Panamanian caudillo Manuel Noriega. The left snidely (if not inaccurately) pointed out that Noriega was a monster of US design, so ex-CIA Chief Bush was just cleaning up his own mess.

Don’t get me wrong. I want to see these criminals marched off to jail, along with the ratings agencies and the AIG crooks who insured them and then got billions in federal funds when the scheme collapsed. But the feds need to go a step further and put Fannie and Freddie in the docket as well. And while we’re at it, let’s put the FHA itself on trial. How much taxpayer money have they wasted? What exactly was their role in aiding and abetting all of this financial malfeasance?

A Dirty Cop Bring Down the Perp

Do you see what's wrong with the FHA filing suit?  They were in on this criminal enterprise! This is how dictatorships operate. Look to Russia or Venezuela for examples. The crony crapitalist government gets in bed with the private sector and they throw wild multi-billion dollar orgies at taxpayer expense. It’s all good during the fat times, but when the inevitable collapse occurs, the regime puts it's official uniform back on, including the tin badge, and arrests its fellow partiers.

So by all means, go after these crooks, but don’t stop at the private sector.  Take down the government crooks as well.  They were the criminal kingpins who hosted the parties.


A Pissed Off Irishman said...

Who is writing Obama's speeches these days, Forrest Gump?

Always On Watch said...

the first time a sitting president kicked off his reelection with a campaign speech delivered to both houses of congress

No doubt!

He was also in Scolder-In-Chief mode.

Always On Watch said...

Suing the banks won't do one damn bit of good. Sheesh.

Bd said...

Off course you don't want to talk about Obama's address to Congress. It was brilliant, he totally pwned the GOP and probably reassured his re-election in one speech.

And the GOP couldn't even clap when he mentioned the GI Bill. Shameful.

Z said...

Bd's the only person who's made me EXTREMELY proud to be shameful.

AOW, suing banks DOES at least "one damn bit of good" Barack approves of: Just another annihilation of private job creators and American institutions.

And, SF, you're so right about the campaign speech; it was almost as inappropriate as O's campaigning in Berlin for an American election, remember? And at least as inappropriate as his taking union thugs on Air Force One on Labor Day. We paid to get them to call us Sons of Bitches. Nice, eh? Imagine Democrats who SAW him campaign in GERMANY and didn't see something REAL WRONG there? WOW

OD357 said...

Thanks for not blogging his speech. Worked a mid last night and that's easy pickings. I got him on mine.

And on Fred and Fan, the Dem messiah can just borrow more money from China, keep extending loans that people can't pay without a job and chunk cash at the problem.

Anonymous said...

I would only hope that folks are catching on to the real transparency of this corrupt regime. A den of thieves. All of them.

Silverfiddle said...

@ Bd: he totally pwned the GOP

As long as there are people whose mentality never rises above video games, Obama remains a threat...

Divine Theatre said...

We can assume the photograph is as authentic as Obama's patriotism?

Anonymous said...

Bd, As I read your statement I became very sad. Our government hurt a lot of people with the MK-Ultra experiments of the 1960's. You are obviously one of the victims of the experiment, there is no other way to explain your perception of reality. Just keep on keeping on, you are an inspiration to us all.

Anonymous said...

Don't forget Barney Frank and Maxine Waters and others who deserve to be indited as co-conspirators in this fiasco.

Jersey McJones said...

If you want to go after the FHA, you're going to have to go after the old Bush administration. Good luck with that.


Silverfiddle said...

I say let the chips fall where they may, Jersey!

Lisa said...
This comment has been removed by the author.
Lisa said...

Bd- No doubt you already drew your conclusion prior to the "I Have a Scheme" speech like a good little soldier.

I quoted that from Michael Savage and yes- I will not apologize for tuning in.

I think there is another scheme brewing in the Cauldron for some more government mortgage help.

Anyway now that Nancy Pelosi doesn't have a seat in the back of the president where is she, kneeling in front of him?

Kid said...

Where is Franklin Raines ???

Kid said...

@Z, people do realize that obama came out during the intermission of a Rock Show with Free Beer in Germany. They know that right?

Trekkie4Ever said...

Go after the whole lot of them starting with the incompetent in the White House.

Lisa said...

I knew about that too Kid too bad alot of the world was fooled by that propaganda

Kid said...

Lisa, that reminds me of the old saying - Fool me once it's your fault, fool me twice it's my fault.

I'd add today "fool me a thousand time, I must be a libtard."

Infidel de Manahatta said...

Unfortunately Fannie and Freddie will never be brought down. They have all the dirt on the liberals.

Self protection you see.

Jersey McJones said...

F&F, the FHA, and the CRA had only a small part in the Mortgage Meltdown. You can go after them if you want, but you will see that they do not have the power to commit such a crime. The instutional corruption at the heart of the Meltdown and Great Recession was in the private sector, to what extent it's tentacles were wrapped around Washington, was abetted by moderate Democrats and almost all Republicans.

And these knocks on the Presidents accumen are f'n pathetic. The man is a better and smarter and wiser than almost ANYONE in the GOP, let alone that goofy Tea Party crowd.

You guys haven't had a smart man in the White House since Nixon, and he was nuts!


Ducky's here said...

He is intellectually bereft, and perhaps the most economically ignorant president in the nation's history.


This is were it goes south and dialog is impossible.

Read Hayak and, in your case, Rand and you're off spouting this kind of hyperbole.

Ain't getting us nowhere.

Jersey McJones said...

Exactly, Ducky.

Didn't Silver just write a post about "projection"???

You can knock Obama's policy's, but these obviously poor character judgements on Obama are pathetic.

It is a machine-gun firing giant stones from a glass factory.


LD Jackson said...

I can't tell you how much I agree with your post, Kurt. Both on the point that the President kicked off his reelection campaign with the speech and with the fact that the government kingpins who made the housing bubble fiasco possible should be taken down as well.

Silverfiddle said...

@ Jersey: The man is a better and smarter and wiser than almost ANYONE in the GOP

Prove it.

C'mon Jersey and Ducky, let's have a fact-based conversation. Obama is smarter than everyone else? Prove it!

Anonymous said...

Hey, Ducky,

Sorry to pick at your nits, but HAYEK does not rhyme with KAYAK -- unless maybe you're from the lower east side of Manhattan, as it was when peopled with newly-arrived Jewish immigrants several decades ago.

Dayz boke vit uh nagzendt bicktime bag den. It vass zumpdingk do beholdt. Go dake a koyeck un piddle do Noyeck. Ledz ged avay frummidawl.

Either that or -- like Pall Mall -- you simply don't know how to spall.

~ FreeThinke

PS Someone else above talked about "inditing" someone for alleged criminal activity. Sorry, but it can't be done. To INDITE means to put in writing. I'm sure you meant to say INDICT,which means to formally accuse or charge with crime. Indite and indict are homonyms, so they share the same pronunciation, but they have different meanings. - FT

Anonymous said...


Obama is very good at reading prepared, carefully rehearsed speeches from a teleprompter. So was George W. Bush as a matter of fact. Both men, however, are miserable when speaking ex tempore. so was W's father for that matter.

I don't think however, that the gift of gab or the lack thereof is much of an indicator of intelligence. Many a talented orator has suffered from diarrhea of the mouth and constipation of the mind. Loquacity is not a reliable measure of intelligence. And a high IQ, as has of been noted, is no measure of a person's wisdom or common sense.

Be that as it may, I have never understood how anyone could regard a penchant for spending money one does not have as a sign of superior intelligence.

Sophistry may be clever, but it's also evil.

~ FreeThinke

Ducky's here said...

Silverfiddle, one thing you learn (and you are adamant about this) is not to let the opponent define the debate.

The question is not whether or not Obama is smarter than all, he isn't, but whether he is perhaps the most economically ignorant.

No, I don't believe he is as ignorant as Saint Ronnie Raygun and Chucklenuts unless you consider being mindless tools greasing up a large plank to give working folks The Full Ayn Rand a form of intelligence.

You are a true believer and will not admit any doubt. That is not the path of wisdom.

Silverfiddle said...

Nice attempt at dodging the challenged, Ducky, but it was more aimed at Jersey since he's the one who alleges Obama is smarter than everybody else.

Reagan had a degree in economics, so by most peoples standards that already makes him more qualified than Obama. But as you know, no president crafts his own policies, it's the people around him.

Finally, the results speak for themselves.

I'll take "Raygun's" recovery over Obummer's any day.