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Archive for 3. October 2008

A snippet from the American Spectator- more Obama connections to the credit freeze of 2008

BREAKING THE BANK
The woman whom Barack Obama is crediting for organizing the Barbra Streisand fundraiser it held last night in Hollywood is also partially responsible for one of the greater banking collapses in American history.

Penny Pritzker, Obama’s national finance chair was, with her family, the half owner of Superior Bank, which was shut down in 2001 by the FDIC after it had lost nearly all of its more than $2 billion of assets on bad loans to high-risk borrowers, federal regulators said.

Pritzker has avoided media attention over the past week as reporters covering the Obama campaign sought comment on the Fannie Mae and Freddie Mac debacle.

Pritzker also served as finance chair for Obama’s Senate run, and supported him during his time in the Illinois state legislature.

One reason Pritzker may have been enamored with Obama was his willingness to press legislation that loosened state regulatory policies for land developers and multi-family property owners.

Pritzker is also known to be close to Obama adviser Valerie Jarrett, a former political operative for Mayor Richard M. Daley, and the CEO of a housing and development company based in Chicago with ties to Obama going back to his Illinois legislature days.

Jarrett, by the way, is now considered to be the top candidate to fill Obama’s Senate seat should he be elected President.

Fannie Mae Lauds the Congressional Black Caucus, with Obama present


Oour Family….the story of love and mortgage and democrats

The Rally Cry- Times are now brutal, but don’t surrender


Great stuff from this guy- this is a reminder of what has been and what will be, and how we, as Americans, will account ourselves during the down times.

The immediate implications of the instant loss of U.S. World Power


Talk of multpolarism, the ‘deomcratization’ of the UN, etc, shows that the U.N. is preparing to restructure itself, with America as ‘just another player’. This is clearly a leftist, however, it shows that leftists and conservatives do share one thing in common, neither one wants a few rich folks to rule the world. There is a bridge to be built where a vast swath of the left and the right can find common ground, stop the imperialistic takeover of America by the Pelosi-Obama-Mccain-Bush ologarchy.

A very effective analysis of the bailout and the lack of real leaders


The People’s Reupblic of Wall Street