All right, class. Everyone put away their books and their Google searches. I want to test you to see whether you’ve been paying attention, and whether you’re properly prepared for your November 4th examinations. Today’s subject is economics — stop playing with that GameBoy, Cannonball! – and your assignment is to identify the presidential adviser who wrote these analyses of the subprime lending that has crashed the credit sector.
Anyone who fails this has to stay afterwards and help form and then ridicule commissions. Ready?
Read more at hotair.com
As an executive at Fannie Mae, Franklin Raines illegally coerced his employees to falsify accounting facts so he’d get a maximum bonus. The government-backed firm used Enron-like fraud, in part at Raines’s orders, to create the largest bail-out in US history.
Explosive Video, Fannie Mae CEO calling Obama and the Dems the “Family” and “Conscience” of Fannie Mae
The High Price We All Pay for Ignorance, Obama most effective tool…
More Barack Obama Campaign Stupidity: Biden calls paying higher taxes a patriotic act
Thursday, September 18th, 2008
(Source) WASHINGTON – Democratic vice presidential candidate Joe Biden said Thursday that paying more in taxes is the patriotic thing to do for wealthier Americans.
Scan Negro Democrat Rangel Won’t Step Down Over Back Taxes
Thursday, September 11th, 2008
Rangel says he won’t quit House panel over tax dispute
WASHINGTON (CNN) — Rep. Charles Rangel, a New York Democrat, said Wednesday he will not step down as chairman of the powerful House Ways and Means Committee in the face of a call from the Republican leader in the House for him to do so.
Rangel has been under fire for failing to report income from a rental property he owns in the Dominican Republic.
He admitted Tuesday he had not paid tax on the income, but said it was a mistake and he will pay whatever back taxes he owes. He said the income had gone directly toward paying down the mortgage on the property and he had rarely if ever received income statements related to it.
“I really didn’t pay any attention to it. I wasn’t getting any money from it,” he said, calling his failure to pay taxes “an omission that’s irresponsible, and that’s it.”
“I don’t believe that making mistakes means you have to give up your career,” he said.
He also admitted that he had not been charged interest on the mortgage for the past 18 years, but said he had “no clue” that the mortgage lender had made that decision. He denied having been singled out for preferential treatment.
Rangel’s Ways and Means Committee writes tax law, among other responsibilities.
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