Free Republic

HOW did America wind up in its worst financial crisis in decades? Sen. Barack Obama explained it this way last week: "When sub-prime-mortgage lending took a reckless and unsustainable turn, a patchwork of regulators systematically and deliberately eliminated the regulations protecting the American people." That's exactly backward. Mortgage lending took that "reckless and unsustainable turn" because of regulation - regulation driven by liberals and progressives, not free-market "deregulators." Pushed hard by politicians and community activists, the regulators systematically and deliberately altered financially sound lending practices. The mortgage market was humming along just fine when, in the late 1980s, progressives decided...

I think this is the biggest moment in Icelandic sport history." - Iceland President Ólafur Ragnar Grímsson. It's hard to explain just how monumental was Iceland's win over Spain was in today's men's handball semifinals. Spain--with more than 40 million residents--had probably played stronger than any team in the tournament. Iceland has 300,000 residents, and has never won Summer Olympic gold. And yet Iceland never trailed in a 36-30 win, and breezed into Sunday's final against France. But that's too dry. When we asked Iceland's Sigfus Sigurdsson to explain what the scene would be like back home right now, he...

WASHINGTON -- The 110th Congress, whose term officially ends in January, hasn't passed any spending bills or attacked high gasoline prices. But it has used its powers to celebrate watermelons and to decree the origins of the word "baseball." Barring a burst of legislative activity after Labor Day, this group of 535 men and women will have accomplished a rare feat. In two decades of record keeping, no sitting Congress has passed fewer public laws at this point in the session -- 294 so far -- than this one. That's not to say they've been idle. On the flip side,...

A week before the Soviet withdrawal from Afghanistan in February 1989...

TVNewser Exclusive: A 24-year-old Fox News Channel production assistant was fired this morning for something she said during the red carpet arrivals at the Time 100 Gala last night. Insiders tell us the assistant, identified as Jennifer Locke, was on assignment with a camera crew to cover the entertainment angle of the event. When Sen. John McCain walked by, the assistant said, "I voted for you in the primary, you're going to win." McCain was overheard saying to her, "You're not supposed to reveal that." Locke apparently continued to explain that she is the daughter of Vietnam veteran. Insiders who...