Monday, June 30, 2008

Senator Dodd Ceases to Amaze

While this high handed hypocrite is on vacation, along with the rest of Congress, he and his cronies have the audacity to tell the Fed, SEC and Treasury Dept that they should not take any action until they decide if its in the country's best interest. The exact quote is, "We ask that no action regarding implementation of the (agreement) be taken before we can determine that it is in the best interests of our nation's economy and the well-being of its citizens,".

Now I have to wonder if he means his best interest or his party's best interest, because I am certain that Senator with his BA in English Literature from Providence College does not qualify him to be making complex economic analysis. Nor does his JD from the University of Louisville. This guy sure did seek out the best and brightest institutions of higher education. But then we already knew that Congress was not where the best and brightest usually end up in this country.

Heck this guy didn't so much win his seat in House of Representatives in 1974, so much as ride his daddy's coat tails into office.

Wednesday, June 25, 2008

Senators Are Becomming More Affordable

Senators are becoming more affordable every day. You still can't afford to buy a house, but you might be able to afford a Senator. You might even be able to get the exact Senator you want, rather than settle for a junior Senator with no influence, as if he/she were a small house out in the boonies. Even better yet, you can get the Chairmen of the Senate Banking Committee for $200 a month and NO MONEY DOWN! WOW! Sounds amazing doesn't it? But it’s true, that’s the approximate savings that Senator Dodd reaped from his sweetheart deal from Countrywide Financial.

I think the Mob pays crooked judges and cops more than that. If you feel ripped off because your tax dollars are going to bail out greedy, irresponsible, arrogant, stupid, ignorant borrowers and lenders, imagine how Tony Soprano must feel. I'd be looking over my shoulder if I were one of those guys who were over charging the mob.

What is even more amazing and hard to believe is that Senator Dodd denies that he knew he got preferential treatment. Countrywide wasn't making these deals for ordinary Toms, Dicks or Harrys. Shocking that Senator Dodd took out a half million dollar loan and knew nothing of the terms of the deal. He must be really really really wealthy. It’s even more amazing that Senator Dodd seems to have no sense for avoiding the appearance of impropriety, because the Foreclosure Relief Act of 2008 is absolutely screaming QUID PRO QUO.

Noteworthy is our hero, the man in the white hat, Representative John A. Boehner who is calling for an ethics investigation into Senator Dodd's dealings with Countrywide and major campaign contributor, Bank of America, who coincidently is buying Countrywide Financial and taking over lots of unfavorable loans. Representative Boehner said, "Democrats who receive sweetheart deals from their campaign contributors shouldn't be pushing legislation forcing taxpayers to bankroll a $300 billion bailout of scam artists and speculators, and the American people have every right to demand answers if they do". Fortunately for Senator Dodd, his crony, Representative Barney Frank is doing everything in his power as the House Financial Services Committee chairman to stifle any investigation. Wonder if he has any skeletons in his closet.

Stay tuned, this might get good.

Tuesday, June 10, 2008

Thanks Bloomberg

Thank you for reporting what I have been saying for months.

The only fix at this point is to allow nature to run its course. You can not hold back the economic tides any better than you can hold back the ocean's tides. Over the long run, the natural order of things will come to bear.