Wednesday, June 18, 2008

Acknowledgement: Amanda Carpenter

So, the Senator Dodd countrywide scandal is being covered by some greats, such as Amanda Carpenter here on FoxNews. It seems that FreedomWorks is making a serious effort to attack this mortgage debacle, which is a good thing. Even though students are often the ones penalized the most in that their rents will be rising, they're unlikely to tie the two things together, or to make the connections between government policies, and their rising rents. I live in a poor part of the state, and I'm paying $460 for a room in a house, in DC I paid regularly over $650 a month for a room in a house, and dealt with multiple roommates all the time. Obviously the devaluation of the dollar plays a part, as does the slowing economy, but the fake prices of houses and buildings thanks to artificially low interest rates, and a lending industry willing to give 6 year olds credit, has quite a bit to do with it. Yet even Barack Hussein Obama only says vague statements about responsibility, etc. -- There's no answer which gives the lending industry a bailout or free reign to continue irresponsible lending.
UPDATE: O'Reilly covered the scandal tonight, maybe it's making MSM?!?! Maybe a $300 billion bailout for an idiotic industry is causing a few to ask who is watching the watchers. Something that's not being covered, but needs to be shouted from the rooftops on this, is that Dodd's Senator father was just as corrupt, using campaign funds to finance his personal life. Like father, like son.

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