The subprime Horror, continued: Out of the mouths of commentators

How odd it is that one has to look to blog commentators rather than the US House or Senate, the greatest deliberative bodies on earth, for permanent solutions to future financial crises. From a Politico commentator on the eve of The Great Pickpocketing:

“Subprime mortgages will never be mandated by the US government again. Subprime mortgages will never be guaranteed by the US government again. Fannie Mae and Freddie Mac loans will no longer be guaranteed by the US government. Fannie Mae and Freddie Mac will be broken up into smaller companies and auctioned within 12 months. If a company or entitiy decides to fund mortgages to the poor who cannot afford it, it will be done without the support or guarantee of the US government. Let liberals fund all subprime mortgages and lose a trillion dollars. The FBI will look into the relationship between leading congressmen and Fannie Mae/Freddie Mac for possible criminal charges. A panel will be formed (like the 9/11 commission) that will document and expose 20 years of relationships between congressmen, Fannie Mae, and Freddie Mac with subpoena power. Barney Frank and Chris Dodd must be removed from all financial committees and banned for life.”

Comments

The Blumenthal Burisma Connection

Steve Hilton , a Fox News commentator who over the weekend had connected some Burisma corruption dots, had this to say about Connecticut U.S. Senator Dick Blumenthal’s association with the tangled knot of corruption in Ukraine: “We cross-referenced the Senate co-sponsors of Ed Markey's Ukraine gas bill with the list of Democrats whom Burisma lobbyist, David Leiter, routinely gave money to and found another one -- one of the most sanctimonious of them all, actually -- Sen. Richard Blumenthal."

Donna

I am writing this for members of my family, and for others who may be interested. My twin sister Donna died a few hours ago of stage three lung cancer. The end came quickly and somewhat unexpectedly. She was preceded in death by Lisa Pesci, my brother’s daughter, a woman of great courage who died still full of years, and my sister’s husband Craig Tobey Senior, who left her at a young age with a great gift: her accomplished son, Craig Tobey Jr. My sister was a woman of great strength, persistence and humor. To the end, she loved life and those who loved her. Her son Craig, a mere sapling when his father died, has grown up strong and straight. There is no crookedness in him. Thanks to Donna’s persistence and his own native talents, he graduated from Yale, taught school in Japan, there married Miyuki, a blessing from God. They moved to California – when that state, I may add, was yet full of opportunity – and both began to carve a living for them...

Lamont Surprised at Suit Brought Against PURA

Marissa P. Gillett, the state's chief utility regulator, watches Gov. Ned Lamont field questions about a new approach to regulation in April 2023. Credit: MARK PAZNIOKAS / CTMIRROR.ORG Concerning a suit brought by Eversource and Avangrid, Connecticut’s energy delivery agents, against Connecticut’s Public Utility Regulatory Agency (PURA), Governor Ned Lamont surprised most of the state’s political watchers by affecting surprise. “Look,” Lamont told a Hartford Courant reporter shortly after the suit was filed, “I think it is incredibly unhelpful,” Lamont said. “Everyone is getting mad at the umpires. Eversource is not getting everything they want and they are bringing suit. It was a surprise to me. Nobody notified me. I think we have to do a better job of working together.” Lamont’s claim is far less plausible than the legal claim made by Eversource and Avangrid. The contretemps between Connecticut’s energy distributors and Marissa Gillett , Gov. Ned Lamont’s ...

Connecticut Commentary: Red Notes from a Blue State

Search This Blog