Daily Archives: June 15, 2010

Kyron: School Super Carole Smith Please Come on My Show and Talk. Here’s My Number 503 225 0860. Ask for Eric.

These are some issues to discuss:
Explain how a child was snatched from the halls of a school and no one noticed.
How did a child’s absence go unnoticed for the entire school day?
The district has explained that there is no danger at Skyline Elementary to other children. How do you know this?
What other questions would YOU have, dear reader? 

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Pete the Banker: Red Ink Gushing from Fannie and Freddie

By Pete the Banker
The CBO in a report issued late last year estimated that the cost of the bailout of Fannie Mae and Freddie Mac would approach $390 Billion over the next decade.  But the Administration has had expansive plans for the former GSE’s engulfing them in the extremely expensive Homeowner Affordable Modification Mortgage Program (HAMP) and pushing new CRA/Subprime like clone lending programs through Fannie, Freddie and the FHA, now accounting for 90% of the residential mortgage market. 
From Investors Business Daily Cartoonist


Not surprisingly the worst case basis for the GSE’s bailout, something the Administration isn’t publicizing, is climbing and may approach $1 Trillion according to housing industry analysts (see Business Week story about it here). Yet despite the effusive eruption of red ink from the now effectively Federal Government owned entities, Congressional Reform is still months and perhaps years away.
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Obama Compares Gulf Oil Spill to 9/11 – Angers 9/11 Families

Still showing his ineptness and trying to desperately divert attention away from himself, British and American families of 911 victims are angered at Obama’s recent comparison of the Deepwater Horizon Accident to the September 11, 2001 terrorist attacks.

From UK Daily Mail, 9/11 families’ fury as Obama compares BP oil spill to Twin Towers attack

British families of 9/11 victims described Barack Obama as ‘cruel’ yesterday for comparing the terrorist outrage to the BP oil spill.

The U.S. president said there were ‘echoes’ between the Gulf of Mexico disaster and the Al Qaeda suicide attacks which killed 2,995 people, including 67 Britons.

He said that just as the events of September 11, 2001, had profoundly shaped ‘our view of our vulnerabilities and our foreign policy’, so the oil disaster would shape thinking on the environment and energy for years to come.

Those who lost loved ones when terrorists flew hijacked planes into the Twin Towers of New York’s World Trade Centre said Mr Obama’s remarks were yet another attempt to slur the UK.

Joy Bennett, 66, who lost her son Oli said, “I can see what he is trying to say but to compare a manmade deliberate terrorist attack to something that is an accident is absolutely wrong. Mr Obama seems intent on causing as much offence to Britain as possible. By saying this he is distracting from what his government is doing, or not doing enough of.”

American Ed Kowalski, of the U.S-based 9/11 Families for a Secure America Foundation, said: “It is a very cheap attempt to draw attention away from himself. He is desperate to be able to pull attention away from his failings.”

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