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  • backyardconservative 8:37 AM on 08/22/2010 Permalink | Reply
    Tags: fannie and freedie, , political corruption   

    ShoreBank Bailout Turned Buyout: Corrupt Collusion 

    The greedy community organizing chickens come home to roost again and again. Via Chicago News Bench, the $367.7 million loss taken by the FDIC insurance fund at our expense:

    “The money for the management buyout comes from the big Wall Street banks whose arms were twisted by the Obama administration, through intermediaries like Rep. Jan Schakowsky (D-IL). Meanwhile, the government and the taxpayers are saddled with the responsibility of dispensing with ShoreBank’s bad assets. We are the victims of an insider deal, done at the highest levels of the administration and the Democratic Party. The ShoreBank bailout-turned-buyout is a corrupt collusion between Washington and Wall Street that will not create jobs or investor confidence in Chicago’s low-income communities. It will sustain the terrible idea that poor communities must depend on patronage to survive.

    The corrupt community organizer model, twisting private sector arms to make bad loans, funneling taxpayer money to political favorites, generating kickbacks to politicos, while the poor are smashed down again and again, perennial victims too convenient to actually give a hand up as free individuals.

    Related: Fannie and Freddie: Barney Frank Finally Comes Home to the Facts Larry Kudlow, Big Government

    WSJ: Business Success Helps Society More Than Philanthropy

    Related post here.

    –crossposted at BackyardConservative

     
    • rubyslipperblog 5:20 PM on 08/22/2010 Permalink | Reply

      I started to write a post this week about Barney Frank’s sudden awareness that Fannie and Freddie are a huge failure. He is really busy rewriting his own failures in making that monster. I hope Massachusetts voters send him to sudden retirement.

    • backyardconservative 9:05 PM on 08/22/2010 Permalink | Reply

      I hope he is feeling the heat. I still remember Scott Brown won his district. And the Harvard Law student, Joel Pollak, who questioned him is running against that commie Dem Rep. Jan Schakowsky–there was a favorable piece on Pollak in the Boston Globe:)

      http://backyardconservative.blogspot.com/2010/08/joel-pollak-cult-hero.html

  • nosheepleshere 5:08 AM on 07/23/2010 Permalink | Reply
    Tags: , ethics, House Ways and Means Committee, political corruption   

    Is It Any Wonder… 

    That public approval of Congress is at a historic low of 11 percent?

    There is “substantial reason to believe” that Rep. Charlie “Mr. Tax-Law-Writing-Tax-Evader” Rangel (D-NY) has violated a range of ethics rules.

    Findings by a U.S. House of Representatives investigative panel mean that Rangel must face a public trial before the House Ethics Committee.

    What did the fool do? For starters he wrongly accepted four rent-stabilized apartments in Manhattan and misused his office to preserve a tax loophole worth half a billion dollars for an oil executive who pledged a donation for an educational center being built in Mr. Rangel’s honor.  There is also evidence that he failed to report or pay taxes on rental income from his beachfront Dominican villa.

    He also used official Congressional stationery to raise money for the Charles B. Rangel Center for Public Service at City College of New York and intentionally failed to report, as mandated, hundreds of thousands of dollars or more in assets from a credit union IRA, mutual funds and stocks.

    Since surrendering his seat as chairman of the powerful House Ways and Means Committee, Rangel has spent nearly $2 million fighting to clear himself in the various investigations as he seeks a twenty-first term this November.  He was first elected to the House in 1970.

    John Hinderaker of Powerline has the money quote for this story:

    “In 2006, the Democrats made the Republican ‘culture of corruption’ a central campaign theme, with some success. This was jarring inasmuch as the GOP has historically been the party of clean government. While the Democrats haven’t cornered the market on corruption, I don’t think any serious observer would question that they are its foremost practitioners. So, with the news that Charlie Rangel, former chairman of the House Ways and Means Committee and the fourth most senior House member, has been charged with ethics violations, the Sun is back to rising in the East.”

    Read more at No Sheeples Here.

     
  • backyardconservative 9:22 AM on 04/21/2010 Permalink | Reply
    Tags: , , political corruption,   

    BlagoRahmbo Drama in Chicago 

    Where is Tony Rezko?

    Here’s Blago mano a mano with Federal prosecutor Patrick Fitzgerald. Video.

    And will it be Mayor Rahmbo? Stay tuned.

     
    • rubyslipperblog 11:53 AM on 04/21/2010 Permalink | Reply

      There is something really fishy about the fact Rezko is nowhere to be found. Two years without sentencing? I am speechless.

      • Sherry 11:55 AM on 04/21/2010 Permalink | Reply

        But not surprised.

      • rubyslipperblog 12:04 PM on 04/21/2010 Permalink | Reply

        No not suprised Sherry. It’s just all so dag blasted stinky. When will Rezko resurface for sentencing, sometime after November 2012? I guess he will be ripe for the pardoning list by then.

    • backyardconservative 12:52 PM on 04/21/2010 Permalink | Reply

      Yeah. Good point.

      My only hope is that the Feds know he can bring in someone big–but it may not be big enough.

      So that’s probably why Rezko is not talking. He’s waiting.

  • nosheepleshere 7:37 PM on 04/10/2010 Permalink | Reply
    Tags: change, political corruption   

    What Has Changed And What Has Not 

    We used to have a strong dollar.
    Politicians changed that.

    Life used to be sacred.
    Politicians changed that.

    Marriage used to be sacred.
    Politicians changed that.

    Families used to be respected.
    Politicians changed that.

    WE USED TO PRAY TO GOD.
    Politicians changed that.

    We used to have a strong manufacturing economy.
    Politicians changed that.

    We used to have lower, fairer taxes.
    Politicians changed that.

    We used to have a government that listened to the people.
    Politicians changed that.

    We used to enjoy more freedom of movement.
    Politicians changed that.

    We used to export American made goods.
    Politicians changed that.

    We used to be an openly Christian nation.
    Politicians changed that.

    We used to teach patriotism in schools.
    Politicians changed that.

    We used to educate children in schools.
    Politicians changed that.

    We used to pledge allegiance to our Flag.
    Politicians changed that.

    We used to respect our Military Veterans.
    Politicians changed that.

    We used to enjoy freedom of speech.
    Politicians changed that.

    We used to enforce LEGAL citizenship.
    Politicians changed that.

    We used to walk down the street safely.
    Politicians changed that.

    We used to be ashamed of perverted behavior.
    Politicians changed that.

    We used to be respected around the world.
    Politicians changed that.

    We used to have affordable food and gas prices.
    Politicians changed that, too.

    What hasn’t been changed is the politicians who promised Change.

    Don’t Forget to VOTE in November!

    Thanks to Erik at ìNo Pasaran!

    Read more at No Sheeples Here.

     
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