This blog has chronicled the dirty dealings of California Dem Rep. Laura Richardson since May 2008, when she bailed on her half-million-dollar-plus, second-home mortgage. She was also a tax-dodger and utility bill welcher. A few weeks later, it turned out that she had defaulted on three home loans while lending her campaign $77,500. A few... Read More

Photoshop credit: Commenter jeffjackie Your guide to sleazy Democratic Party-backed banks by Michelle Malkin Creators Syndicate Copyright 2012 Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential rival Mitt Romney's overseas investments. It's time for the Romney campaign to educate voters about all the shady financial institutions embraced by... Read More

Ugh. We're back to this again. Yes, President Obama's re-inflating the housing bubble to pander in an election year. Foreclosure avoidance is now a civil right. Long-term consequences be damned. His first mortgage-mod program was fraud-ridden and failed. So, of course, he's doubling down. Obama has also promised today to send a homeowner "bill of... Read More

Old logo: New logo: Photoshop credit: Commenter jeffjackie The Bank of (Democratic Party) America by Michelle Malkin Creators Syndicate Copyright 2012 Well, isn't this rich? And I do mean rich. President Obama, man of the people, will deliver his presidential nomination acceptance speech at the Bank of America Stadium in Charlotte, N.C. -- so that... Read More

It's a start. Sorry I can't get more enthusiastic than that. But knowing the long history of Fannie/Freddie execs escaping accountability, expectations must be managed. The Securities and Exchange Commission (SEC) is suing a half-dozen Fannie Mae/Freddie Mac officials for fraud and deception. "All individuals" will be held accountable for the Enron-style financial mess they... Read More

Fire up the Mother of All Credit Cards! Fresh off the news that the Federal Reserve doled out $1.2 trillion in previously undisclosed loans to banks (story here) in 2008 comes today's news of the Fed's latest Bailout of the World -- euphemistically known as a global "coordinated action:" Central banks from developed nations Wednesday... Read More

Buh-bye. The news just broke over Twitter via WBZ Radio. All together now: DLTDHYOTWO! The original Tweet: Here. Press conference at 1pm Eastern: Related redistricting developments that may have influenced Frank's decision: Walpole will move from U.S. Rep. Stephen Lynch’s district to U.S. Rep. Barney Frank’s if a redistricting proposal released on Monday sticks. A... Read More

Looks like every last Obama administration official is dressing up as an Occupier for Halloween -- no matter how ridiculous the costume looks. Chicago corruptocrat, former JPMorgan Chase banker, and Fannie Mae crony William Daley is the latest to step out in drag. They'll do anything, say anything, wear anything. Trick or treat! Funny, I... Read More

While the Kamp Alinsky Kids were taunting police officers across the country on Friday night, the Obama-Biden 2012 campaign quietly released its list of the elite deep-pocketed donors who bundled at least $20 million for the White House. I'm publishing the full list below. Some 41 bundlers bagged more than $500,000 each for Mr. Obama... Read More

1/5 update As anticipated, a WH announcement on Daley's chief-of-staff appointment is imminent, according to wire reports breaking this morning. On Fox & Friends, I discussed my column on Daley -- and reacted to Karl Rove's assertion that Daley is a "centrist" here. Update II: White House just announced that they'll formally unveil Daley Machine... Read More

With Charlie Rangel's ethics trial out of the way, it's one wrist-slap down, one to go, for the Dems. But it looks like fellow Congressional Black Caucus member and entrenched race hustler Maxine Waters will have a little more time to wait. The House Ethics panel says in a statement released this afternoon that new... Read More

As you all know, President George W. Bush is on his book/rehabilitation tour -- hitting every MSM and cable news show from the Today Show to Hannity, plus Oprah, Rush Limbaugh, and beyond. His candor, decency, self-effacement, and clear love of country stand in stark contrast to the current antagonist-in-chief at the White House, so... Read More

Blink and you probably missed it. In yet another classic Friday news dump, Countrywide junk mortgage mogul and Democrat crony Angelo Mozilo copped a $67.5 million plea to avert a high-stakes public trial in the heat of the midterm election season. He and his henchmen admitted no wrongdoing: Just days before the start of his... Read More

Scroll for updates... Both the left and right sides of the blogosphere are buzzing about a bipartisan TARP-style banking bailout bill that somehow reached President Obama's desk in the legislative rush before Congress adjourned for the midterm election break. The sordid episode underscores everything I've spotlighted about the culture of corruption over the last two... Read More

Photoshop credit: Leo Alberti My reporting on ACORN's housing counseling grant rip-offs go back to April 2008, when I spotlighted the left-wing mortgage counseling racket. As bad as the ACORN/Obama alliance is, I've pointed out several times that this mess festered under the Bush administration and a GOP ruling majority. Now, GOP Rep. Daryl Issa... Read More

Making pledges is easy. Keeping them? Not so much. Just ask Mr. Hope and Change. The new GOP pledge is fine as far as it goes -- especially the upfront acknowledgment that government's powers derive from the consent of the governed, not from the penumbras emanating from the fingertips of all President Obama's czars. But... Read More

Bottoms up! According to the National Bureau of Economic Research this morning, the recession officially ended in June 2009. Waiting for the new White House "reeducation" campaign to school all of us ignoramuses. Cue "Happy Days are Here Again" and break out the Wagyu beef! Note well the NBER's caveats: *** Meanwhile in Nevada... Even... Read More

Automatic Data Processing is a payroll giant that cuts checks to employees. The company publishes a national employment report with Macroeconomic Advisers. Its latest stats show that the nation lost 10,000 private sector jobs last month. It's not what economists expected. Via the WSJ: The reasons for weak job growth? The WSJ cites "market volatility,... Read More

Taxpayer-supported mortgage behemoth Freddie Mac -- yes, the same government-sponsored entity that is sucking $64 billion of your money to stay afloat -- is proud to announce that it is squandering more of your bucks on a "diversity officer:" You can thank diversity-mongering Maxine Waters for stuffing the race preference mandates into the financial "reform"... Read More

Tick, tick, tick. I noted in an earlier post that President Obama's economic address in the Rose Garden had been scheduled for 12:30pm Eastern. It is now past 1:00pm Eastern. Wonder what kind of tension there must have been on his economic team phone conference this morning? Reader @nicklaus on Twitter quips that the recovery... Read More

Hmmm. Feds moved to shut down Obama crony bank ShoreBank today, but it's not really going away (refresher course here and here). Via Reuters: Who is "Urban Partnership Bank?"

Remember Peggy the Moocher, the Obama supporter who couldn't wait for her government savior to usher in the Age of Bottomless Household Entitlements? Now, imagine thousands of Peggys crowded together on the streets demanding their cash money. Via the AJC: The mob was waiting to collect on Section 8 vouchers. The program is a welfare-state... Read More

Scroll for update... I've been telling you about Maxine Waters' shady OneUnited meddling for the past year -- and most recently spotlighted the OneUnited/TARP hanky-panky and Waters' minority fat-cat banker pals last week. You'll recall that I linked to an analysis by Linus Wilson at Seeking Alpha that exposed how weak OneUnited was. Flashback: OneUnited... Read More

We continue to discover how much wider and deeper the tentacles of the Countrywide Financial Corporation VIP program reached. As was widely reported last month, some 153 Fannie Mae employees reaped Countrywide VIP benefits. That's in addition to the 30 VIP loans that went to other Senators and their employees besides corruptocrat Democrat Sen. Chris... Read More

Chicago birds of a feather No shady banking buddy left behind by Michelle Malkin Creators Syndicate Copyright 2010 First Lady Michelle Obama's latest overseas jaunt is getting all the headlines. But President Obama's money-grubbing junket to Chicago may cost taxpayers far more in the long run. With his Gaultier-clad wife sashaying around the Spanish seaside,... Read More