Daily Archives: August 15, 2012

UPDATED: Shooter at Family Research Council Deranged Gay Activist

From Breitbart via the DC Cops:

The gunman who opened fire and shot a security guard at the Family Research Council’s Washington, D.C. office has now been identified as Floyd Corkins, a volunteer for the last six months at The DC Center for the LGBT (Lesbian, Gay, Bi-sexual, Transgender) Community. 

Corkins allegedly made negative comments about the FRC before shooting the guard and could have intended to shoot FRC employees had the security guard not heroically intervened.

The FRC is a pro-life and pro-traditional marriage organization. For holding these beliefs, the left-wing Southern Poverty Law Center (SPLC) labelled the Family Research Center as a hate group
This label is not without consequences. For instance, on Tuesday, the Human Rights Campaign, a gay rights organization, ran a story on a blog about Paul Ryan’s appearance next month at the Values Voters summit, which is sponsored by the FRC, titled, “Paul Ryan Speaking at Hate Group’s Annual Conference.” 
READ MORE HERE.

UPDATE: Here’s where the reference to the shooter holding the Chick fil A bags comes from:

Two law enforcement officials said Corkins was carrying sandwiches from Chick-fil-A, a fast-food chain whose president’s opposition to same sex marriage recently placed the restaurant at the center of a national cultural debate.

John Hinderaker over at Powerline Blog describes the shooter as a teacher. Hope he doesn’t get his job back. 

While at the time he writes his post Hinderaker complains some folks are going overboard deriding the media for the lack of coverage, in the light of a new day I would disagree. There’s been a dearth of coverage about this. It’s shocking actually.

The shooter worked as a volunteer at a local LGBT resource center.  While the Southern Poverty Law Center points fingers at Tea Party types who have committed no acts of violence as hate groups, they may want to rethink their definitions of hate after this shooting. 

The Southern Poverty Law Center was instrumental in suing the White Aryan Resistance and wiping out their finances when morons in Portland, Oregon murdered an Ethipian man in 1988. They were able to connect WAR as the inspiration for the murder. With this shooting there are even tighter connections between the LGBT community and this one shooting and the assault on Christianity. Don’t look for the crazies at SPLC to pursue this case, however.

There have been crazy church shootings, but this is the first time in memory somebody wanted to shoot up a religiously rooted group for the ‘crime’ of being ‘politically incorrect.’ 

Time for the gay community to dial back the hate rhetoric against Christians and do a gut check on just who exactly is doing the ‘hating’ around here. 

 
 

Tell ’em where you saw it. Http://www.victoriataft.com

PERFECT 113 PITCHES, 12-K’S, 27 UP, 27 DOWN

From ABC:
The Mariners’ ace and former AL Cy Young Award winner has long talked of his desire to achieve pitching perfection. He finally accomplished it against the Rays, striking out the side twice and finishing with 12 strikeouts.It was the third perfect game in baseball this season, joining gems by Chicago’s Philip Humber against the Mariners in April and San Francisco’s Matt Cain against Houston in June.

“I don’t have any words to explain this,” Hernandez said to the crowd, speaking on the field after the final out. “I’ve been working so hard to throw one and today is for you guys.”

Tell ’em where you saw it. Http://www.victoriataft.com

Pete the Banker: The President Has Done Next to Nothing to Fix the "Failed Policies of the Past"

President Obama likes to talk a lot about how we can’t go back to the “failed policies” that brought us to the brink of a economic meltdown. But has the President done anything to stop those “failed policies” in the housing finance industry–where the whole mess started?

No.

In fact, the state of the housing finance industry remains unchanged, if not worse, since this Administration took office. Their only accomplishment on the subject is to have the Treasury Department issue the White Paper (referenced below) over two years after they took office which recommended three alternatives all of which specified less government involvement in financing residential real estate.  As this article suggests, the Republican House responded with various pieces of legislation to implement, all of which found resistance by the Administration and died in the Democrat Senate.

If Obama would discuss policy, it would be interesting what excuse he would use to explain lack of initiative on Fannie Mae, Freddie Mac and the Residential Capital Markets. 

In the intervening period, the residential mortgage market has dwindled to roughly half the volume present in 2007 and virtually all financing has been done by either the former GSE’s and the FHA at taxpayer expense.   As a result, despite the glowing recent reports in the press,  residential sales remain depressed and particularly those residential purchases by homeowners, rather the investors, who require financing.  (See the two charts nearby)

It is nice to hear that the Romney team is addressing this long term problem which has received scant attention from Obama, and little real analysis from the Mass Media!

Here’s what VP nominee Paul Ryan got passed in the House (but died in Harry Reid’s Senate):

The long-term outlook of the Ryan plan involves a complete wind-down of Fannie Mae and Freddie Mac and an end to the $188 billion in bailouts so far.
The Ryan budget would “privatize the business of government-owned housing giants, Fannie Mae and Freddie Mac, so they no longer expose taxpayers to trillions of dollars’ worth of risk.”

Ryan’s rationale is that the game has changed since the housing meltdown:

“Taxpayers’ exposure to Fannie and Freddie, once an implicit guarantee, has now become an explicit obligation to cover its debts,” Ryan wrote in his plan. “The housing-finance system of the future will allow private-market secondary lenders to fairly, freely and transparently compete, with the knowledge that they will ultimately bear appropriate risk for the loans they guarantee. Their viability and profitability will be determined, not by political favoritism, but by the soundness of their practices and the value of their services.”
Many in the industry, feel a completely private system – one that hasn’t existed since Fannie was chartered in 1938 – would be unlikely to ever arrive.”

Even one of the Obama Administration suggestions was to go to a fully privatized mortgage market:

“The Obama administration released three options last year Congress could pursue, which includes various degrees of government support to the future mortgage market, including a completely private option. But that was where the process stopped outside of roughly 15 bills passed by the House, each largely duplicative of the conservatorship agreements.

Please note that sales are not only still near the bottom of the cycle but dramatically lower than 2006 and even far below June 2009 levels, 6 months after Obama took office.  This despite the near euphoria in the Press over the Spring numbers.

Curiously even the White Paper issued by the Administration had to await the first quarter of 2011 for issuance, given other Administration priorities.

Tell ’em where you saw it. Http://www.victoriataft.com

Pete the Banker: The President Has Done Next to Nothing to Fix the "Failed Policies of the Past"

President Obama likes to talk a lot about how we can’t go back to the “failed policies” that brought us to the brink of a economic meltdown. But has the President done anything to stop those “failed policies” in the housing finance industry–where the whole mess started?

No.

In fact, the state of the housing finance industry remains unchanged, if not worse, since this Administration took office. Their only accomplishment on the subject is to have the Treasury Department issue the White Paper (referenced below) over two years after they took office which recommended three alternatives all of which specified less government involvement in financing residential real estate.  As this article suggests, the Republican House responded with various pieces of legislation to implement, all of which found resistance by the Administration and died in the Democrat Senate.

If Obama would discuss policy, it would be interesting what excuse he would use to explain lack of initiative on Fannie Mae, Freddie Mac and the Residential Capital Markets. 

In the intervening period, the residential mortgage market has dwindled to roughly half the volume present in 2007 and virtually all financing has been done by either the former GSE’s and the FHA at taxpayer expense.   As a result, despite the glowing recent reports in the press,  residential sales remain depressed and particularly those residential purchases by homeowners, rather the investors, who require financing.  (See the two charts nearby)

It is nice to hear that the Romney team is addressing this long term problem which has received scant attention from Obama, and little real analysis from the Mass Media!

Here’s what VP nominee Paul Ryan got passed in the House (but died in Harry Reid’s Senate):

The long-term outlook of the Ryan plan involves a complete wind-down of Fannie Mae and Freddie Mac and an end to the $188 billion in bailouts so far.
The Ryan budget would “privatize the business of government-owned housing giants, Fannie Mae and Freddie Mac, so they no longer expose taxpayers to trillions of dollars’ worth of risk.”

Ryan’s rationale is that the game has changed since the housing meltdown:

“Taxpayers’ exposure to Fannie and Freddie, once an implicit guarantee, has now become an explicit obligation to cover its debts,” Ryan wrote in his plan. “The housing-finance system of the future will allow private-market secondary lenders to fairly, freely and transparently compete, with the knowledge that they will ultimately bear appropriate risk for the loans they guarantee. Their viability and profitability will be determined, not by political favoritism, but by the soundness of their practices and the value of their services.”
Many in the industry, feel a completely private system – one that hasn’t existed since Fannie was chartered in 1938 – would be unlikely to ever arrive.”

Even one of the Obama Administration suggestions was to go to a fully privatized mortgage market:

“The Obama administration released three options last year Congress could pursue, which includes various degrees of government support to the future mortgage market, including a completely private option. But that was where the process stopped outside of roughly 15 bills passed by the House, each largely duplicative of the conservatorship agreements.

Please note that sales are not only still near the bottom of the cycle but dramatically lower than 2006 and even far below June 2009 levels, 6 months after Obama took office.  This despite the near euphoria in the Press over the Spring numbers.

Curiously even the White Paper issued by the Administration had to await the first quarter of 2011 for issuance, given other Administration priorities.

Tell ’em where you saw it. Http://www.victoriataft.com