Keyword: recklessendangerment

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  • Burning down the house; How Democrats sparked the Great Recession (book recounts Fannie Mae debacle)

    07/03/2011 6:09:37 AM PDT · by Liz · 108 replies
    NY POST ^ | 7/3/11 | GEORGE WILL
    “Reckless Endangerment” a scalding new book ....... is another cautionary tale about government’s terrifying self-confidence.........."a story of what happens when Washington decides, in its infinite wisdom, that every living, breathing citizen should own a home.” The 1977 Community Reinvestment Act pressured banks to relax lending standards......... In 1994, Bill Clinton proposed increasing homeownership through a “partnership” between government and the private sector, principally orchestrated by Fannie Mae. Fannie Mae’s political machine dispensed campaign contributions, gave jobs to friends and relatives of legislators, hired armies of lobbyists (even paying lobbyists not to lobby against it), paid academics who wrote papers validating...
  • Burning Down The House [Clinton & Democrat Operative Originated Financial Collapse]

    07/01/2011 9:13:29 PM PDT · by Steelfish · 19 replies
    Washington Post ^ | July 01, 2011 | George Will
    Burning Down The House George F. Will, Friday, July 1 “The louder he talked of his honor, the faster we counted our spoons.” — Emerson The louder they talked about the disadvantaged, the more money they made. And the more the financial system tottered. Who were they? Most explanations of the financial calamity have been indecipherable to people not fluent in the language of “credit default swaps” and “collateralized debt obligations.” The calamity has lacked human faces. No more. Put on asbestos mittens and pick up “Reckless Endangerment,” the scalding new book by Gretchen Morgenson, a New York Times columnist,...
  • How the Democrats Nearly Destroyed the Economy

    06/24/2011 5:16:26 AM PDT · by Kaslin · 65 replies
    Townhall.com ^ | June 24, 2011 | Mona Charen
    History will be kind to me for I intend to write it. -- Winston ChurchillThere is history -- a chronicle of human events -- and then there is perceived history. So often, the two are wildly at odds. In 1963, a popular Democratic president was assassinated by a Marxist named Oswald, who had actually defected to the Soviet Union and returned to the U.S. with a Soviet wife, was an active member of the Fair Play for Cuba Committee, and had attempted to assassinate a right-wing general named Edwin Walker earlier in the year. Yet those who write history found...
  • Media Recast The Crisis Villains

    06/21/2011 5:03:21 PM PDT · by Kaslin · 2 replies
    IBD Editorials ^ | June 21, 2011 | Staff
    Subprime Scandal: With the housing market crashing again, the truth is finally dawning on some media elite that Washington played a bigger role in the mortgage mess than first told. A new book, "Reckless Endangerment," zeroes in on the corrupt partnership between Fannie Mae and Beltway insiders — who used the federally chartered firm as a giant slush fund to enrich themselves while pushing liberal housing schemes. This may be nothing new to our readers, who have read as much on these pages from the first days of the crisis. What's surprising here is the author — a New York...
  • At 147 mph, highway safety is just a blur

    09/17/2010 10:18:22 PM PDT · by Tolerance Sucks Rocks · 124 replies · 1+ views
    The Patriot-News ^ | September 17, 2010 | Liam Migdail-Smith
    Going 96 mph on a 65-mph highway is enough to land a speeder in serious legal trouble. That’s 31 mph over the speed limit, and it’s the threshold between a regular speeding violation and the more egregious offense of “excessive speeding,” which earns violators a meeting with the Pennsylvania Department of Transportation that they’ll likely walk out of with a suspended license. On Wednesday night, state police stopped a motorcyclist they said was clocked at 147 mph. That’s 82 mph over the limit. “That is probably the highest speed I’ve ever seen, and I’ve been at PennDOT nine years now,”...
  • Alleged DWI Mom Taunted Kids Before Fatal Crash ['Raise Your Hands If You Think I'm Gonna Crash']

    10/13/2009 8:07:53 AM PDT · by ETL · 14 replies · 1,637+ views
    CBS-TV ^ | Oct 13, 2009 | Pablo Guzman
    Carmen Huertas Accused Of Driving Drunk With 7 Girls In Car; Daughter Pleaded With Woman To Slow DownSuspect Asked Children To 'Raise Your Hands If You Think I'm Gonna Crash' NEW YORK (CBS) - She promised another parent that the children would be in good hands. She even joked about it. But what happened next was no joking matter. Now a young girl is dead, a mother is under arrest, and families are devastated after a tragic accident on Manhattan's Upper West Side. A woman stands next to her critically-injured daughter's hospital bed Monday, hoping and praying she will make...
  • Police: Texting, talking NY trucker hits car, pool

    07/31/2009 5:49:10 AM PDT · by JoeProBono · 7 replies · 502+ views
    hosted ^ | Jul 31
    LOCKPORT, N.Y. (AP) -- Police say a western New York tow truck driver was texting on one cell phone while talking on another when he slammed into a car and crashed into a swimming pool.
  • Newsweek Wallows in Same Mire as CBS News

    05/16/2005 6:22:00 PM PDT · by wagglebee · 55 replies · 1,361+ views
    NewsMax ^ | 5/16/05 | Barrett Kalellis
    First it was CBS News fabricating a story out of whole cloth in its discredited "60 Minutes" report on George W. Bush's Air National Guard record in Texas. Two weeks ago, liberals-for-hire journalists Michael Isikoff and John Barry belched up a poorly sourced and dubious report that a copy of the Koran was flushed down an apocryphal toilet during interrogation of Muslim prisoners held at the detention center in Guantanamo Bay. Only this time the repercussions abroad have caused Muslims to riot in the streets of Kabul, leading to the deaths of about 15 people, and resulted in strained relationships...