davidl on November 28th, 2011

Spittle shield vendors to be hit hardest.   The number one source of spittle on Capital Hill,  Barney Frank, has announced his retirement,  Karen is heartbroken, from Lonely Conservative: Good Riddance! Barney Frank to Retire Now that the damage is done, Rep. Barney Frank (D-MA) is retiring. Good riddance to him. Here’s a video report […]

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Eric Florack on June 13th, 2011

Wesbury, Long Island, NY– I’m here at one of my regular stops. I ran down to Carlisle, PA to pick this load up, and ran it here this morning AT the moment, I’m waiting to get unloaded so I can get out of the city. No, gang, the Tea Party is still here.Neil Munro says: […]

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Eric Florack on June 8th, 2011

Scranton, PA– OK, I had the burned wiener festival last night. The Wiener is toast, and it’s all over but the signatures. So, I’ll not mention that whole thing. Like hell, I won’t. Ya gotta love Breitbart basically hijacking the burned Wiener’s press conference. Andy takes down Weiner and the leftist dominated press  and meanwhile […]

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Eric Florack on April 4th, 2011

Carlisle, PA– I’m at the truck stop in Carlisle as I write this. Getting comfortable in the new truck I’ve been assigned is an effort that has taken weeks… as I suspected it would. There’s still work to be done on it, but I find myself being very productive with it, and suspect this truck […]

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Eric Florack on April 26th, 2010

Welcome back my friends, to the show that was on pause too long… the BitsBlog Nightly Ramble YEAH, I KNOW…. I let these Nightly Forays into political  and social commentary slide for a few nights. I’m still getting used to the new job.  I’ve been coming home each night well after 4pm, so tired so […]

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DJ Durant on March 30th, 2010

Today the headlines read something like:  Government Stands to Reap $7.5 Billion Profit from Sale of Citi Stock.  This was reported in both the Wall Street Journal and our local rag, the Des Moines Register, and while estimates vary as to the extent of this transaction, the range of the government’s take is somewhere between $7 […]

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“The top regulator for Fannie Mae and Freddie Mac is expected to announce millions of dollars in pay packages for top executives at the government-run mortgage-finance titans, people familiar with the matter said. “The Federal Housing Finance Agency approved compensation plans for Fannie Chief Executive Michael Williams and Freddie CEO Charles Haldeman Jr. Those packages […]

Continue reading about Fannie, Freddie Executives Get Big Payday…Merry Christmas!

Even Howard Dean called this “reform” plan crazy! “Reform” is in quotes because calling this reform is a lie.This is not reform it’s a complete socialist take over health care with rationing of care for the old and undesirable. If there was tort reform (anathema to the greedy trial lawyers like John Edwards, who coincidentally […]

Continue reading about Kervorkiancare: Get Used to the Phrase “Soylent Green is People!”

Eric Florack on March 23rd, 2009

Welcome to the most intense nightly read anywhere on the sphere… em>The BitsBlog Nightly Ramble This is the “Goin’ Mobile” edition. Yes, that pic is taken outside the Jake in Cleveland, just before a wind gust knocked it over, wiping out the sidewalk Hot Dog cart parked behind it.  It was quickly set back on […]

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Eric Florack on January 10th, 2009

It’s occurs to me in looking around this morning at the news and commentary that Send to be Ex-Illinois Governor Rod Blagojevich would’ve made an ideal candidate to run Fannie Mae or Freddie Mac. It also occurs to me, that he would not have turned dirty on us just out of the blue. This has […]

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Eric Florack on October 21st, 2008

Over at OTB, Steve Verdon restates what I’ve been saying here for weeks:   An older article, but relevant. It is important to understand that, as GSEs, Fannie and Freddie were viewed in the capital markets as government-backed buyers (a belief that has now been reduced to fact). Thus they were able to borrow as […]

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Eric Florack on October 6th, 2008

Bruce McQuain does an admirable job of explaining my estimation on the sub-prime meltdown quoting a 1999 article in the New Work Times: The lede: In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase […]

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Eric Florack on October 4th, 2008

But it’s not like the GOP, John McCain, in particular, wasn’t trying to do the people’s business. They were stonewalled by Democrats. Again….

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Eric Florack on October 4th, 2008

Continue reading about Follow the Money: How Fannie Mae Bought the Democrat Party

Welcome, dear reader, to the most intense nightly read in the ‘sphere…  The Nightly Ramble…. Lots to cover today, as always and as dictated by events, most of it to do with the bailout which at this point (About 2pm eastern) is looking like it won’t pass.  so let’s get to it. Jerry Pournelle: Golden […]

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