-Submitted by David Drumm (Nal), Guest Blogger
With the recent appearance of Gretchen Morgenson and Joshua Rosner’s Reckless Endangerment, the focus on the financial meltdown turns to Government Sponsored Enterprise (GSEs) such as Fannie Mae and Freddie Mac (F&F). The claim is that the role of F&F in the meltdown is being marginalized or ignored. Some claim that this book fills an important void.
However, the role of F&F has been well researched and documented.
Submitted by Elaine Magliaro, Guest Blogger
I’m sure most Americans are aware that former Alaska governor Sarah Palin has been on a bus tour along the east coast of the United States. What is the purpose of her tour?
Only Palin knows for sure. She did, however, provide people with her reason for taking this tour of historical places on her Sarah PAC website.
It’s interesting when (for the 100th time) reporters shout out, “Why are you traveling to historical sites? What are you trying to accomplish?” I repeat my answer, “It’s so important for Americans to learn about our past so we can clearly see our way forward in challenging times; so, we’re bringing attention to our great nation’s foundation.” When that answer isn’t what the reporters want to hear, we’ve asked them if they’ve ever visited these sites like the National Archives, Gettysburg, etc. When they confirm that they haven’t, it’s good to say, “Well, there you go. You’ll learn a lot about America today.” (They usually don’t want to hear that either!)
Continue reading “The Bells Are Ringing: Sarah Palin and the Revised Story of Paul Revere’s Ride”
-Submitted by David Drumm (Nal), Guest Blogger
Medicare is the nation’s health insurance program for people age 65 or older. The government acts as the insurer with premiums paid through payroll taxes by both employee and employer. The law was signed in 1965 by President Lyndon B. Johnson and former President Harry S. Truman was the first Medicare enrollee and his wife Bess was the second.
In an apparent rejection of a plea bargain, former senator and 2008 presidential candidate John Edwards has been indicted on six counts of conspiracy, campaign contribution violations, and false statements. If he goes to trial, he is obviously risking a jail term. However, the case of the Justice Department is no slam dunk and presents novel legal theories that will offer strong appellate arguments if allowed by the trial court. This will make the pre-trial motions even more important than usual for the defendant. The two-year investigation has now led to a warrant (below) for his arrest.
Continue reading “Edwards Indicted . . . But How Strong Is The Case?”
In Laconia, New Hampshire there is an interesting case that may give some of our clients pause before accepting a plea bargain. Jonathan E. Lord, 25, had accepted a plea bargain to spend one year in jail for trying to run over Police officer Michael Finogle. However, Judge James O’Neill III rejected the plea (because he felt the plea was too lenient) so the case went to trial . . . and Lord was acquitted of one felony charge of reckless conduct and two misdemeanor charges of disobeying an officer and reckless operation.
Continue reading “Good Lord: Judge Rejects Plea As Too Lenient, Jury Then Acquits Defendant”
We have been following cases of police detaining or arresting people who either photograph them or photograph public scenes in this country and other countries like England. The Maryland Transit Administration (MTA) has been repeated criticized for stopping citizens engaged in entirely lawful photography. The latest such victim is Christopher Fussell who kept the camera running (below) during the confrontation where officers displayed a complete lack of knowledge of the existing laws — and rights of citizens.
We have previously discussed the dysfunctional effects of baggage fees. Airlines have made air travel a punishing experience with passengers now carrying huge bags on the airplane to save money. The result is that some airlines have actually told travelers not to put their computers or jackets in the overhead compartments — penalizing those who do check their bags. Now a report confirms what we all knew: airline baggage and other add-on fees have gone up 96 percent in just three years. That is an extra $21.5 billion for the airlines with United Airlines leading the pack.
Continue reading “Report: Add-On Fees Roughly Doubled in 2010 for Airlines”
President Obama has made another huge concession to developers and drillers this week. He has abandoned a pledge to restore eligibility for federal wilderness protection to millions of acres of undeveloped land in the West. Interior Secretary Ken Salazar, who was himself viewed as a decidedly anti-environmental Senator before being picked by Obama, announced that millions of acres will no longer be designated as “wild lands.”
Continue reading “Timber! Obama Reverses Himself On Protecting Millions of Acres of Wildness in New Concession To Developers and Drillers”
Remember when we were told the bailout of the auto companies was just like a loan and we might even make money on it. Well, the President’s National Economic Council has announced that it will cost $14 billion. That is $14 billion out of the original $80 billion bailout.
Continue reading “Auto Industry Bailout to Cost U.S. Taxpayers $14 Billion”
Ayatollah Mohammad Taghi Mesbah is the spiritual mentor to President Mahmoud Ahmadinejad and he is not exactly a kid person. After telling the faithful that suicide bombings are required for Muslims in fighting Israel, he declined to make an exception for children.
There is a bizarre case in Italy where Italian prosecutors have charged the country’s top seismologist with manslaughter for failing to predict a natural disaster that struck Italy in 2009. The massive earthquake killed 308 people and they blame Enzo Boschi, the president of Italy’s National Institute of Geophysics and Volcanology. Six other scientists and technicians are also charged.
Continue reading “Seismic Charge: Italian Prosecutors Charge Seismologists With Manslaughter For Failing To Predict 2009 Quake”
Now this is a novel citation. The Albemarle Road Presbyterian Church has been fined for “excessive pruning” of its its crape myrtles. The city is demanding fines or replacement of the trees.
Continue reading “Church Cited For Excessive Pruning of Trees In Charlotte”
There was a refreshing moment of truthful clarity last week from Saudi Prince Al-Waleed bin Talal during an interview on “CNN’s Fareed Zakaria GPS.” Prince Talal admitted that the Saudis want to lower oil prices to avoid moves toward other energy sources and away from oil. It is the same principle upon which drug dealers offer cut-rate narcotics to keep the addiction going for their customers.
A British author Alan Shadrake, 76, is the latest victim of a worldwide trend of attacks on free speech. Shadrake wrote a book entitled Once a Jolly Hangman: Singapore’s Justice in the Dock detailing the inequities and unfairness of the Singapore justice system. The response of Singapore’s courts was to convict Shadrake and throw him in jail for contempt. The abusive case should be a rallying point for civil libertarians around the world, not to mention any Singaporeans who value free speech and the rule of law. The Singapore government compounded the abuse by banning the book.
Rep. Tom Graves (R-Ga.) has sent a letter challenging the constitutionality of President Barack Obama’s signing the Patriot Act with an autopen. I discussed this issue on CNN where I explained that, while this is not a good practice, it would likely be upheld under long-standing precedent going back to the 1600s. While obviously the autopen post-dated such precedent, the idea of signing by direction or surrogate is not new.
Continue reading “Is The Autopen Mightier Than The Sword? Rep. Graves Challenges Use of Autopen Presidential Signatures”