Tuesday, March 25, 2008

Let me get this straight...

A number of banks, mortgage companies & investment firms give mortgages to people who can't afford them (and shouldn't have been asking for them themselves), and when those people default on said mortgages (surprise!), these companies expect the Fed to bail them out? HUH????

Another thing: the foreclosure "boom" is basically limited to that sub-prime market, yet somehow this leads people -- coughthemediacough -- to wring their hands over the foreclosure crisis we're in. Again, I say, HUH????

If it weren't for the fact that the media (and to some degree the market as well) would blow it out of proportion and probably instigate a "real" banking crisis, I'd say Bear Sterns should've been allowed to sink... that whole responsibility thing.

Saturday, March 01, 2008

Barack isn't that different

Just like every other major Democratic contender for the Party's nomination for the Presidency, he makes his ritual observances before Planned Parenthood, sounding very similar to others who have sought the nomination.

Until the hold of the abortion lobby over the Democratic Party is loosened, they're going to have a hard time convincing a majority of Americans to vote for them. Not that it can't happen, but I can confidently say that if Barack was pro-life, he'd probably be a shoe-in for President.