The announcement by the Federal Reserve of an “enforcement action” against Goldman Sachs for engaging in “a pattern of misconduct and negligence” in its handling of home mortgage loans was entirely predictable. Charges of such misconduct go back for months when it was first discovered that mortgages and other mortgage-related documents had been “robo-signed” and foreclosure documents hadn’t been properly reviewed and that Goldman’s Litton Loan Servicing unit took actions “without always confirming that documentation of ownership was in order.” The ruling requires Goldman to write down some mortgages that it holds, pay an unstated restitution, and provide “remediation” to homeowners who were hurt in the collapse. The ruling doesn’t preclude other enforcement actions from state banking regulators who are continuing their investigations into the matter, either, so additional sanctions may reasonably be expected soon.
According to an American diplomatic cable released by WikiLeaks citing numerous officials and reports, a team of U.S. soldiers in Iraq may have handcuffed and then executed an entire family — including five children under the age of six and four women. The troops, who were previously cleared of any wrongdoing by a U.S. investigation, then allegedly called for an air strike on the home in an apparent effort to cover up the evidence. The 2006 massacre, which happened in an Iraqi town called Ishaqi, left at least 10 civilians dead. Among them were 28-year-old farmer Faiz Khalaf, his young wife, and all three of their children — aged five, three, and five months. Khalaf’s 74-year-old mother, his sister, and his two nieces — five and three years old — were also killed after being placed in handcuffs, officials said. According to multiple accounts, U.S. forces approached the house for a raid at around 2:30 a.m. on March 15. Shots were reportedly fired, though it remains unclear who was shooting and why. But what happened next — the alleged executions — is being called a war crime.
The other day I came across a book buried in my library for years, H. G. Wells' The Open Conspiracy: Blue Prints for a World Revolution, published in 1928. Considering that I’ve been writing about the conspiracy for world government for decades, I wondered “how long has this been going on?” Of course, that’s the title of one of George and Ira Gershwin’s immortal popular songs, written in 1927 for a Broadway musical called Smarty. And wouldn’t you know that it is the smarty insiders who have been promoting this world revolution since the late 19th century. (And some conspiracy historians say much longer.) The fact is that I am tired of writing about socialist utopians taking over America when the American people should have been smart enough long ago to reject the socialists and their insider promoters. How long is it going to keep going on? How long will it take for the world’s greatest capitalist nation to learn that socialism doesn’t work?
Who says Ron Paul can’t beat Barack Obama? The Texas Congressman’s threat to prevent the President’s upcoming speech to Congress from occurring the same night as a Republican presidential candidates’ debate — a debate in which Paul will participate — may very well have been the deciding factor in forcing Obama to postpone his appearance. Obama sent a letter to House Speaker John Boehner Wednesday morning requesting to speak before a joint session of Congress on September 7 at 8 p.m. Eastern. Shortly thereafter the White House announced the President’s speech, which is to present his proposed jobs program. There was just one problem: A GOP presidential debate at the Ronald Reagan Presidential Library is already scheduled to take place at that same time. No one seriously believes the White House’s denials that Obama’s speech was timed to keep television viewers from seeing the opposition. NBC’s Chuck Todd, for instance, remarked that the timing was “hardly a coincidence.”
Rep. Laura Richardson (D-Calif.) used her congressional office funds to pay for a fancy $20,000 luncheon for some of her constituents in May, calling it a "briefing" to get around House rules prohibiting such expenditures. Jay's Catering handled the details of the party complete with singing, dancing, and "special consideration of [guests'] dietary and medical needs." Chris Kuhles, catering manager, said "It was a Polynesian-themed event — Huli Huli Chicken, fried rice, green salad, Hawaiian sweet rolls [and} for dessert, truffle cake." It was all according to Hoyle, said Richardson's spokesman Ray Zaccaro: "All expenses associated with the event were in keeping with the rules and standards of the House Members Representational Account (MRA)." However, a close look at those rules showed that Richardson's "briefing" violated at least three of the MRA rules including these:
Wisconsin public employees unions were not able to stop Governor Walker’s plan to remove benefits from the items subject to collective bargaining. The unions first persuaded Wisconsin state senators to flee to Illinois, so that a quorum could not be formed to conduct business on that issue in the Wisconsin legislature. Then these unions thronged Madison, trying to intimidate Republican state legislators; these legislators, however, refused to be intimidated. State Supreme Court elections, which once were pro forma referenda on the ethics and competence of justices, was transformed into an ideological policy issue in which Judge Prosser was targeted for elimination because it was felt that he would uphold the constitutionality of Walker’s reforms; that failed too. Finally, public employees unions tried to recall enough Republican state senators to tip control of the state senate back to Democrats; that failed too.
In anticipation of Glenn Beck’s Restoring Courage rally in Jerusalem last week, the U.S. State Department warned American citizens in the city to avoid the event, according to newly discovered evidence. On the day of the rally, August 24, the State Department released this message: The U.S. Consulate General in Jerusalem notes that, according to local security sources, Jerusalem is under a heightened Security Alert. The police have established roadblocks in various sections of the city and increased their personnel on the streets. Vehicle inspections are being conducted, and suspicious individuals and bags are receiving further scrutiny.
President Obama has nominated Princeton University’s Alan Krueger for Chairman of the White House Council of Economic Advisers (CEA), and if approved by the Senate, Krueger, a labor economist and the Treasury Department’s former chief economist, will replace Austan Goolsbee. "I am very pleased to appoint Alan and I look forward to working with him," Obama stated, shifting his eyes between two flat-screen teleprompters during a statement on Monday. "I have nothing but confidence in Alan as he takes on this important role as one of the leaders of my economic team."
President Barack Obama’s uncle, Omar Onyango Obama, is an illegal alien who obtained an illegal driver’s license and Social Security card and evaded a deportation order for more than 20 years. The Kenyan half-brother of the president’s alcoholic, bigamist father, two newspapers have reported, followed a similar path to Obama’s illegal-alien aunt, who also ignored deportation orders but received political asylum despite ducking the law for years. Police put the cuffs on Onyango Obama last week when he nearly crashed his SUV into a police cruiser. Obama was charged with operating under the influence of alcohol, negligent operation of a motor vehicle and failure to yield the right of way. The question, however, is whether the 20-year-fugitive from immigration authorities will be deported, given the Obama Administration’s interpretation and implementation of the failed DREAM Act.
Usually when U.S. citizens argue in favor of downsizing the military budget, they are treated as anti-American by neoconservatives and other "hawks." When presidential contender Ron Paul advocates bringing the troops home and reducing federal military spending, he is called an isolationist. But what can critics say of a military general who makes such assertions? Brigadier General John Adams, in a piece for The Hill, makes such declarations. He claims that while the federal government has increased military spending, it has not increased national security, and such spending only serves to threaten economic security and fiscal sanity: