ooh can’t wait to see Issa take on Fannie/Freddie’s lobbying efforts – oh wait

good to see the Hearings List again. thanks

Thanks Selise

“throwing the r’s a bone is probably not gonna happen, this is probably gonna find very little culpability with these agencies.

waxman is using the age old, “be careful what you ask for, you might get it”

great link – used it in an update. thanks!

you may be right perris…. at least i’m now a bit more interested in watching today’s hearing. maybe there will be some fireworks and good info to go with the bloviating.

thanks selise, always rely on you for this stuff.

Two months ago Former Secretary of the Treasury Paul O’Neil (the guy the Bush administration outed as soon as he started investigating Saudi money linked to the 9/11 attacks) was on David Gregory’s program. At that time O’Neil said that over two years ago one third of the individuals who had been given sub prime loans had not made their very first payment.

He said the faucet should have been turned off then. All the signs of doom were present then

When will Waxman through us a bone having to do with the findings in Phase II of the SSCI having to do with false pre war intelligence? Will our nation ever witness anyone held accountable for the Niger documents or the rest of the false intelligence created, cherry picked and disseminated from the Office of Special Plans? Will Feith and the rest of the radicals walk?

I thought SNL nailed the loans in this skit.

SNL pulled a part of this skit under pressure SNL’s forbidden skit
One of the rapacious couples featured in the skit was Herbert and Marion Sandler (portrayed by Darrell Hammond and Casey Wilson). Unlike the other composite figures, the Sandlers are a real-life couple.

Also lampooned: Left-wing billionaire George Soros.

As Todd Thurman at Heritage notes, the Sandlers are left-wing moguls who built “a mortgage company whose major product was subprime mortgages and they sold it to Wachovia for $24.2 billion in 2006. And what do the Sandlers do when they are not peddling subprime garbage? They are busy writing checks to leftist groups like the Center for American Progress, the American Civil Liberties Union, and Association of Community Organizations for Reform Now (ACORN). Yes that ACORN.”

The Sandlers are seething over the skit. And George Soros must be livid as well. Anyone else smell a legal threat behind the disappearance of the vid?

http://michellemalkin.com/2008…..onnection/

the complete skit on SNL. They nailed some of the folks who accessed the loans
Greg and Judy Phillips “out of greed”
Herbert and Marion Sandler
http://patdollard.com/2008/10/…..available/

Sandler, 77, spoke to The Associated Press in the San Francisco office of his family’s charitable foundation the morning after NBC’s “Saturday Night Live” broadcast a skit deriding the Sandlers as predatory lenders who had duped unsophisticated borrowers and Wachovia, too. A caption shown on during the sketch skewered the Sandlers as “people who should be shot.”

Although the timing of the interview was coincidental, Sandler was seething after watching a replay of the skit on the Internet.

“I have been listening to this crap for two years,” Sandler said. “We are being unfairly tarred. People have been telling us to speak out for some time, but we didn’t think it was appropriate. That was clearly a mistake.”

The public ridicule represents a 180-degree turn for the Sandlers, who were considered to be the voices of reason while they steered Golden West Financial Corp. and its subsidiary, World Savings, through a period of financial recklessness that led to the failure of thousands of other S&Ls in the 1980s and 1990s.

Golden West never strayed from its staid lending approach while the Sandlers scolded others for their risky investments in commercial real estate and exotic business ventures.

Herb Sandler agrees with his critics on one point: He and Marion, who were Golden West’s co-chief executives for more than 40 years, couldn’t have picked a better time to sell the company than when they closed their $24.3 billion deal with Wachovia in October 2006.

After years of double-digit increase, home prices began to crumble once Wachovia took over, and now the Charlotte-based bank is in such deep trouble that it has agreed to be sold to Wells Fargo for just $7 per share — nearly 90% below the company’s stock price at the time of the Golden West takeover.

Mica “I know what you did, you PROBABLY received a tax reduction” Probably? Accusations like that are way out of line

I just do not remember Republicans asking the other Wall Street corporate welfare kings tough questions. They sure are ramping it up for Freddie and Fannie

Selise “pres carter wasn’t permitted to speak at dnc either.”

he Democrats Owe Jimmy Carter an Apology
Don’t Suppress Carter (or the Opportunities for Middle East Peace)

By RALPH NADER

Now that the season of electoral expediency is over, Barack Obama owes Jimmy Carter an apology.

At the Democratic National Convention in Denver, the Party denied Jimmy Carter the traditional invitation to speak that is accorded its former presidents.
http://www.counterpunch.org/nader11252008.html
Carter’s opponents did not hide their efforts to keep him from speaking. They spoke openly to the media. They disliked Carter’s recognition of Palestinian suffering under the Israeli government’s military and colonial occupation, the blockades, the violations of UN Resolutions and international law. He championed the work of the Israeli and Palestinian peace movements who together have worked out a detailed two-state accord that is supported by a majority of their respective peoples
———————————————————————

Dershowitz Says He Pressured Obama Not to Let Carter Speak at DNC

Harvard Law Professor Alan Dershowitz has publicly claimed he pushed Barack Obama not to allow former President Jimmy Carter to speak at the Democratic National Convention in Denver. Dershowitz told Shalom TV, “Barack Obama had to make a choice between his Jewish supporters and his anti-Israel supporters like Jimmy Carter, and he did not choose Jimmy Carter… It was a good decision, a wise decision, a moral decision.” Dershowitz has harshly criticized Carter for publishing the book Palestine: Peace Not Apartheid.
http://www.democracynow.org/20…..adlines#17

yeah, i know (and agree).

personal favor to ask – that we try to keep the hearing threads mostly on topic. but it’s only a request for your consideration. happy to make a open thread somewhere else….

gotta run for a bit. really appreciate the live blogging and analysis. thanks!

Sorry could not respond on the thread that you made that comment on. got thrown off that bus last fall after not being willing to kiss the moderators butt when we disagreed

i know… no problem… i will try to set up something at my own site to take off topic conversations from the hearing threads here. will try to set something up for tomorrow’s hearing diary.

second panel of witnesses starting now.

Thanks again for the work you do and for providing us the links for hearings. I watched the Freddie & Fannie Show. Seems to me those former CEOs received obscene bonuses. (one at $90 Million during his tenure).

Big Time money paid to lobbyists to bribe their watchmen in Congress;
loans to illegal immigrants??? Answers to that to be submitted in writing – not of interest to the public??

Better use of each congressperson’s 5 minutes could be made if they would cut out the buttering each other up, also by not wasting time making cutesy sarcastic analogies (”… I guess you’re one of the few people who can say with a straight face: My name is Mudd”)..

We’ll see what, if anything, results from all this blather.

I opened the DIGG and left a comment there.

17 comments before me, and nobody opened the DIGG? Is that appreciation for selise’s dedication and work? I thought better of you.

I amend my comment at 18. Upon review of the earlier comments, I see what the problem is. My apologies for being imprudent.

(acquarius74)

if you think i’m doing something useful, your thanks is enough… and thanks to you too!

Someone said “I just do not remember Republicans asking the other Wall Street corporate welfare kings tough questions. They sure are ramping it up for Freddie and Fannie.”

The conservatives and some Dems are seriously trying to blame the economic crisis on Fanny and Freddie lending to minorities because the Community Reinvestment Act required it of them.

This is the first salvo in the “Colored folks caused this” theme. We’re going to here it a lot. Cause rich folks couldn’t possibly have made any mistakes.

I see you, selise.
At my age, I just tell it like it is; credit as best I can express it to those to whom credit is due. Take a bow!

When the Washington Nationals played their first-ever baseball game in the nation’s capital in April 2005, two congressmen who oversaw mortgage giant Freddie Mac had choice seats — courtesy of the very company they were supposed to be keeping an eye on.

So Congress will investigate its self Next?