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Mortgage crisis has Washington putting aside free-market ideology

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Despite decades of free-market rhetoric from Republican and Democratic lawmakers, Washington has a long history of providing financial help to the private sector when the economic or political risk of a corporate collapse appeared too high.

The effort to save Fannie Mae and Freddie Mac is only the latest in a series of financial maneuvers by the government that stretch back to the rescue of the military contractor Lockheed Aircraft and the Penn Central Railroad under President Richard Nixon, the shoring up of Chrysler in the waning days of the Carter administration and the salvage of the U.S. savings and loan system in the late 1980s.

Now, with the U.S. government preparing to save Fannie and Freddie only six months after the Federal Reserve Board orchestrated the rescue of Bear Stearns, it appears that the mortgage crisis has forced the government to once again shove ideology aside and get into the bailout business.

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Obama, DNC Served

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Illinois Sen. Barack Obama was served with papers yesterday connected with the lawsuit filed more than two weeks ago in federal court in Philadelphia questioning his constitutional eligibility for the American presidency.

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Related: OBAMA SUED IN PHILADELPHIA FEDERAL COURT ON GROUNDS HE IS CONSTITUTIONALLY INELIGIBLE FOR THE PRESIDENCY

FactChecking McCain

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Sen. John McCain's acceptance speech to the Republican National Convention in Minneapolis-St. Paul on Sept. 4 was couched more in generalities than in specifics, offering fewer factual claims to check than we found in other speeches to the gathering. But we found some instances where the nominee strained the truth.

TVNL Comment: The establishment media will simply never point out when a politician lies. The word is "LIE!"

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Holding Murderers Accountable: The Case Against Bush, Cheney, et al.

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Although Americans have access to the greatest selection of information sources in the world, including books, newspapers, magazines, radio, television, cable, and the Internet, the frequency of the news cycle has increased to the point where we have forgotten that our president and vice president have committed horrendous war crimes, or we may have missed the fact as it flashed by.

Recently, there has been a flood of new evidence clearly proving beyond any reasonable doubt that our president and vice president, along with others, conspired to engage the United States in an unnecessary and illegal war and repeatedly and deliberately lied to the American people about the true facts of the matter. Most specifically, the president committed felonies when he lied to Congress about his justification for ordering the attack on Iraq which resulted in the murder of all who have died in his fraudulent "War on Terrorism."

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Archives of Alaska Papers Reveal Disturbing -- And Goofy -- Details from Palin's Past

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  • Palin Said "Hang 'Em Up" When Asked About the Death Penalty.
  • Palin wrote a Letter to the Editor saying only, "San Francisco judges forbidding our Pledge of Allegiance? They will take the phrase 'under God' away from me when my cold, dead lips can no longer utter those words. God bless America."
  • Palin Presided Over a Wedding at a Walmart.
  • Palin Delivered "Non-Answers" On Expanding Health Care Coverage and Walmart.
  • USED PUBLIC FUNDS FOR POLITICAL GAIN
  • Stambaugh Sued for Gender Discrimination After Palin Said She Was Intimidated by His Size.
  • Palin Went to See Ivana Trump at Costco, Saying Alaska was So Desperate for "Any Semblance of Glamour and Culture".
  • Palin Explained that She Couldn't Run for Senate Because Then She Couldn't Be the "Team Mom."
  • Palin Exaggerated Work Experience for Mayoral Campaign.
  • Frontiersman Editorial Said Palin Made Statements That Were "Patently Untrue," Said She Had Shown "Unrepentant Backpedaling and Incessant Whining."
  • Palin Doesn't Grasp the Truth. A Frontiersman editorial wrote, "Mayor Palin fails to have a firm grasp of something very simple: the truth."
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Cohen took out lines of credit for as much as $774K during campaign

ichael CohenTrump’s personal lawyer Michael Cohen gained access to roughly $774,000 through two financial transactions during...

13 Russians Indicted For Allegedly Interfering in Elections

Mueller'd grand jury indcts 13 Russians for election telegram Special Counsel Robert Mueller's office said Friday that a grand jury indicted 13 Russian nationals and...

Attorney General Jeff Sessions mulls firing Andrew McCabe

Sessions mulls firing McCabe before retirement Attorney General Jeff Sessions is reportedly considering firing former FBI Deputy Director Andrew McCabe, just days...

Trump lists immigration demands that could derail 'Dreamers' deal

Trump immigration demands threaten Dreamers President Donald Trump laid out his immigration principles for Capitol Hill on Sunday — a list...
 
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