After spending hundreds of billions to bail them out, the federal government is now turning on the big banks it once protected. Earlier this month, the Federal Housing Finance Agency launched a broad legal assault on 17 major banks, claiming the banks misled Fannie Mae and Freddie Mac in misrepresenting the quality of mortgage-backed securities. The FHFA’s lawsuit is a new attempt on the part of the federal government to recoup from big banks some of the taxpayer money lost during the financial crisis. Banks named in the action include Bank of America, J.P. Morgan Chase, Goldman Sachs, Morgan Stanley, Citigroup, and Deutsche Bank. In a separate action, the feds went on a second offensive against Goldman Sachs, with the Federal Reserve — newly empowered as a financial regulatory and enforcement body, besides being a central bank — initiating legal action against the investment bank, claiming Goldman had exhibited “a pattern of misconduct and negligence” in its issuing of mortgage-backed loans.
America got a perfect exposition of the great progressivist myth in the September 12 CNN/Tea Party Presidential debate. The great progressivist myth is this: If government doesn't do it, then it won't happen. If the government doesn't do it, it doesn't count. If a person is against government intervening, he therefore must favor the ends the liberal or progressive claims will happen without government intervention. In short, the great progressivist myth is that you either favor government intervention, or you are an awful person who wants some horrible consequence. During that debate, Dr. Ron Paul, an obstetrician and Texas congressman, had the following exchange with moderator Wolf Blitzer: Wolf Blitzer: "You're a physician, Ron Paul. So you're a doctor, you know something about this subject. Let me ask you this hypothetical question. A healthy, 30-year-old young man has a good job, makes a good living, but decides, 'you know what, I'm not going to spend $200 or $300 a month for health insurance, because I'm healthy. I don't need it.' But you know, something terrible happens. All of a sudden, he needs it. Who's going to pay for it if he goes into a coma, for example? Who pays for that?"
America got two textbook expositions of the great progressivist myth in the September 12 CNN/Tea Party Presidential debate. The great progressivist myth is this: If government doesn't do it, then it won't happen. If the government doesn't do it, it doesn't count. If a person is against government intervening, he therefore must favor the ends the liberal or progressive claims will happen without government intervention. In short, the great progressivist myth is that you either favor government intervention, or you are an awful person who wants some horrible consequence. One exposition of the progressivist myth in the presidential debate occurred when moderator Wolf Blitzer asked Rep. Ron Paul if society should let an uninsured man die — the assumption being that this would happen if government did not step in. The other exposition occurred in an exchange between Paul and former Pennsylvania Senator Rick Santorum on the subject of our interventionist foreign policy. in the case of both healthcare and foreign policy, Dr. Paul argues that government interventionism does not save lives. The healthcare issue is the subject of a separate article by this writer; the foreign policy issue is the subject of what follows.  
Rep. Ron Paul won a landslide victory in the California Republican Party straw poll on Saturday, September 17 — an appropriate date considering September 17 is Constitution Day and the Texas Congressman is running for President as the champion of the Constitution. The straw poll was held in Los Angeles as part of the state GOP’s Fall Convention. Paul garnered 44.9 percent of the vote (374 votes out of 833 cast), 15 percentage points ahead of second-place finisher Gov. Rick Perry, who got 29.3 percent. Former Gov. Mitt Romney came in a distant third at 8.8 percent followed by Rep. Michele Bachmann at 7.7 percent. “This win is just the latest indication of our campaign’s growing momentum,” said Paul campaign chairman Jesse Benton. “Americans are sick and tired of the status quo and Dr. Paul offers a real change, and hope for a free and prosperous future.” This latest boost to Ron Paul’s campaign was not exactly what state party officials, who are not enthralled with Paul's candidacy, were hoping for. As the San Francisco Chronicle observed in its story on Ron Paul’s victory:
The National Religious Broadcasters (NRB), the official organization representing the interests of Christian broadcasters and ministries, has released a report showing that social media websites are actively censoring Christian viewpoints. According to an NRB press release, the group’s study examined “the practices of Apple and its iTunes App Store, Google, Facebook, MySpace, and Twitter, as well as Internet service providers AT&T, Comcast and Verizon,” The findings, said the NRB’s senior vice president and general counsel, Craig Parshall, were “ominous.” Commenting on the report, the NRB’s president and CEO, Dr. Frank Wright, noted that nearly 70 years ago “NRB was founded in the fires of adversity when government regulations, combined with policy decisions by major networks, made it virtually impossible for evangelical ministers to buy radio airtime.” In today’s world, he said, “millions of individuals use radio, television, and the Internet to listen to the broadcasts, live web streaming, and podcasts of NRB member organizations.” If the viewpoints and content of Christian groups continue to be targeted for censorship by new media companies, warned Wright, the message of the Christian faith “could become one more casualty of institutionalized religious discrimination.”
Jerry Buell, the top gun teacher in Florida reassigned because he stated that homosexual behavior is unhealthy and sinful, is back in the classroom after missing the first three days of school. The Orlando Sentinel reports that Buell, who posted what school officials viewed as “homophobic” comments on his Facebook page, began teaching social studies again in late August at Mount Dora High School in Lake County. Such was the outrage about the school’s intimidation of Buell that even the leftist American Civil Liberties Union sided with him. A conservative group, Liberty Counsel, also took up his cause. What He Said The trouble began for the 2010 Teacher of the Year as he saw on television the news about New York’s legalization of homosexual marriage and posted his thoughts on his Facebook page:
Did you listen to Barack Obama’s speech to a joint session of Congress on September 8? Remember? It had to be squeezed in after the Republican debate but before the start of the professional football season. What, you decided to skip it? You weren’t alone. While I haven’t seen any stats from the various survey companies, I suspect Obama’s speech was one of the least-viewed presidential addresses. When it comes to presidential promises to revive the economy, I suspect the public mood has gone from “let’s hear what he’ll do” to “I don’t believe a word of it.” The very first sentence in the lead story in the Wall Street Journal the next day referred to Obama’s peroration as “what might be the White House’s last chance to change its political fortunes before the 2012 campaign kicks into high gear.” What a bunch of hooey. The President’s speech didn’t presage a campaign stump speech; it was a campaign stump speech. In fact, it was little more than a 50-minute infomercial — except without the attractive models or clever graphics.
If the European Union begins to disintegrate, what signs would portend its spiral into disunion? One would be a member nation utterly ignoring the financial rules intended to support the EU by providing false and misleading information about its economy — actions already undertaken by both Greece and Portugal. Another indication of impending EU disintegration would be a member state simply printing its own euros — after only technically meeting the requirement of notification — as did Ireland a few months ago. Or the European Union might dissolve as European society itself is breaking down with the rise of both radical Islam and secular humanism. Many Muslim settlements in the continent have become “no go” zones for police and fire services, and the disdain by the elites in Europe for historic Christian values is now deeply entrenched in the culture. Furthermore, representative government is no longer working in some of the EU nations.
School teacher Isaac Moffett asserts that the Bible is not just a religious document, but a primary source of history. He and his fellow teachers in Nampa, Idaho, relied heavily upon the use of the Bible and other religious texts in class, and as a result, the school was shut down. Fox News explains: "At issue is the Nampa Classical Academy, a charter school, founded by Moffett in 2009. One year later, Idaho’s Board of Education shut the school down, citing its use of “religious texts” inside classrooms. Moffett says he only used the texts to teach history and is now suing the Board in federal court. “[The Bible] is so much more,” said Moffett. “It’s a primary source of history. It’s a primary teaching source of actually people who lived during the time period.” According to Moffett’s lawyer, David Cortman, the Board of Education’s actions are a blatant violation of the U.S. Constitution.  
Even as the dollar is crashing and inflation in the United States is rampant, Federal Reserve officials have announced plans to flow dollars into banks in the European Union. The European Central Bank, which is to receive the largest amount, will in turn will extend the money to other major banks in EU member states, which are finding it increasingly difficult to raise funds from investors deeply concerned by the massive regional government's unstable economic climate. Meanwhile, the planned participation of central banks across the globe in the scheme is now prompting some to ponder how these efforts will impact the drive for gold, as well as the future of the European economy. The Washington Post reports: The initiative, which entails temporarily swapping dollars for foreign currencies, also involves the central banks of Britain, Switzerland and Japan, underlining the extent of international concern about Europe’s deteriorating financial system. By tapping the Fed for dollars, the other central banks are taking advantage of long-standing arrangements, first put in place four years ago at the outset of the global financial crisis to prevent bank lending from freezing up.
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