Clinton Library’s Doc Dump Reveals CRA Fueled Subprime Bubble

Editorials Investors.com 4/25/2014

Subprime Scandal: Newly released memos from the Clinton presidential library reveal evidence the government had a big hand in the housing crisis. The worst actors were in the White House, not on Wall Street.

During the 1990s, former Clinton aides bragged that more aggressive enforcement of the Community Reinvestment Act pressured banks […]

Opportunity Squandered: We Blew It

Tyler Durden Zero Hedge 7/5/2013

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

We are about to reap the consequences of tolerating the perfection of the Savior State / cartel-crony capitalism’s neofeudal debtocracy.

We as a nation had an unparalleled, historic opportunity to set things right in the aftermath of the 2008 financial meltdown. Alas, we […]

‘Markets Under The Spell Of Monetary Easing’ Bank Of International Settlements Finds… Same As ‘Then’

…[Fannie Mae and Freddie Mac are] adequately capitalized. They are in no danger of failing…

 

Tyler Durden Zero Hedge 6/2/2013

Then….

Ben Bernanke 7/1/2005, CNBC interview:

INTERVIEWER: Tell me, what is the worst-case scenario? We have so many economists coming on our air saying ‘Oh, this is a bubble, and it’s going […]

How the Fed is creating a new feudalism

Conn Corroll The Washington Examiner 3/16/2013

Over a decade ago in 2001, the Federal Reserve planted the seeds of the 2008 financial crisis by lowering its target for the federal funds rate from 6.25 percent to 1.75 percent. Since this interest rate is a benchmark number used throughout financial markets, many first-time homebuyers were able […]

Justice Department and States to Sue Standard & Poor’s Ratings Service For Fraudulently Rating Mortgage Bonds

Orin Kerr The Volokh Conspiracy 2/4/2013

The New York Times Dealbook blog has news of an important new case likely to be filed soon:

The Justice Department, along with state prosecutors, plans to file civil charges against Standard & Poor’s Ratings Service, accusing the firm of fraudulently rating mortgage bonds that led to the financial […]

A Canadian MP Summarizes America's Collapse

Avoid the Fiscal Cliff – Economic Freedom Speech

Pierre Poilievre MP YouTube 4/18/2012

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H/T Nick Frost, Tea Party Command Center