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A Philadelphia mother-daughter pair are accused of providing sex for clients they met on the Craigslist Web site, police say. WCAU-TV's Monique Braxton reports.

Let us be clear: this is a crisis caused on Wall Street,” insisted Speaker Nancy Pelosi on Monday, shortly before the House of Representatives voted to reject the President's $700 billion bail-out plan. Pinning the blame for the crisis on greedy bankers and incompetent regulators may have seemed plausible enough during the turmoil of the past few days. Following Monday's rejection of the bail-out, stock markets threw a hissy fit which wiped billions off shares. Meanwhile, the sullen banks remained obdurate in their reluctance to lend, despite a massive injection of liquidity from central bankers. Not much there to inspire...

Of late, at least in conservative quarters, reports have made clear how much of the current financial crisis may be laid at the feet of Democrats and their social engineering policies. Jeff Jacoby, the lone conservative columnist at the Boston Globe, wrote Sunday, "Barney Frank's talking points notwithstanding, mortgage lenders didn't wake up one fine day deciding to junk long-held standards of creditworthiness in order to make ill-advised loans to unqualified borrowers. It would be closer to the truth to say they woke up to find the government twisting their arms and demanding that they do so -- or else."...

The AP has a hidden nugget at the end of its report on the Gwen Ifill controversy. While some have blamed the McCain campaign for agreeing to Ifill as a moderator for tomorrow night’s VP debate while writing a book about “The Age of Barack Obama”, it turns out that Ifill didn’t bother to inform the Commission or the McCain campaign about the book: The host of PBS’ “Washington Week” and senior correspondent on “The NewsHour” said she did not tell the Commission on Presidential Debates about the book. The commission had no immediate comment when contacted by The Associated...

Bill Clinton will tomorrow officially set aside wounded feelings that arose from the Democrats' long and bitter primary contest as he heads out to Florida to hold his first rally for Barack Obama. It comes more than a month after Clinton's emotional endorsement speech at the Democrats' convention and amid new speculation about whether he really wants Obama to win the White House. Clinton's potential to inflict damage on Obama's prospects was underlined again today when John McCain released a new television ad using a clip of the former president to attack the Democrats. Clinton's two appearances in the politically...

Today - September 30, 2008 - is Bill Clinton's last day on the job at InfoGROUP, the company that own's CNN's presidential polling partner, Opinion Research. After the company discovered the millions of dollars of corporate waste lost to the Clintons, his contract is not expected to be renewed. The information was learned from a court settlement filed with the SEC and the Court of Chancery in the State of Delaware a few weeks ago, which revealed some term of his contract, including the ending date. There is no evidence that it will be renewed. It appears that Bill...

The majority of ethnic Albanians were forcibly converted to Islam, mostly through the imposition of high taxes on Catholics, when the Ottoman Empire ruled the Balkans. For centuries, many remembered their Christian roots and lived as what they call "Catholics in hiding". Some, nearly a century after the Ottomans left the Balkans, now see the chance to reveal their true beliefs. "Fifty or sixty percent of the population are linked emotionally with the Roman Catholic religion. This is because of feelings about what our ancestors believed," said Muhamet Mala, a professor who teaches History of Religion at Pristina Public University....

Democrats fighting tooth and nail to keep Fannie and Freddie from being reformed before they blew up and are now threatening the world's financial structure. Here is the video of the hearings in which Democrats tell us "nothing is wrong," beat up on the would-be regulators, and tell us that Fannie and Freddie are operating exactly as they want them to act. We see Maxine Waters (DEMOCRAT) accuse the regulators of “…trying to fix things that are not broke.” We see Gregory Meeks (DEMOCRAT), Arthur Davis (DEMOCRAT), Lacy Clay (DEMOCRAT) and Barney Frank (DEMOCRAT) defending Fannie and Freddie’s accounting practices....

<p>FOUNTAIN, Colo. — A Colorado teenager hired men to kill his mother so he could use her money to get breast implants for his girlfriend, police said.</p> <p>Nikita Lee Weis, 18, was arrested on suspicion of conspiracy to commit first-degree murder, said Fountain Deputy Police Chief Mike Barnett.</p>

The Subprime home mortgage collapse...a Primer. It's ALL about the CRA of 1977 Community Reinvestment Act (CRA) of 1977 - This required banks to offer credit throughout their entire market area for “underserved” populations and small businesses. The CRA gave incentives to help low income borrowers become “home owners”. Liberals call this group “low income borrowers”. Conservatives call them a RISK!The CRA was passed by the Carter administration. In 1995 the Clinton administration authorized subprime loans under the CRA. Democrats added these provisions for the securitization of subprime loans and then ENFORCED the lending to high risk individuals. By 2000,...

When Senator McCain chose Governor Palin to serve as his running mate, he unleashed from the left the most incredible torrent of sewerage we have ever seen heaped upon a Vice Presidential candidate. Alan Colmes said she caused the Downes Syndrome of her baby. Obama operatives said Trig was actually her grandchild. Al Franken helped write a skit for Saturday Night Live that suggested that Sarah’s husband had sex with his daughters. The head of South Carolina’s Democratic Party said that Governor Palin’s only credential was that she had never had an abortion. And so on and so on. To...

Andrew Cuomo and Fannie and Freddie How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis By Wayne Barrett ...... http://www.villagevoice.com/2008-08-05/news/how-andrew-cuomo-gave-birth-to-the-crisis-at-fannie-mae-and-freddie-mac/ There are as many starting points for the mortgage meltdown as there are fears about how far it has yet to go, but one decisive point of departure is the final years of the Clinton administration, when a kid from Queens without any real banking or real-estate experience was the only man in Washington with the power to regulate the giants of home finance, the Federal National Mortgage Association (FNMA) and the Federal...

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring. Fannie Mae, the nation's biggest...

Archive for Friday, October 01, 1999 Fannie Mae Moves to Loosen Home Loan Credit Rules By Daryl Strickland October 01, 1999 in print edition C-1 The nation’s largest provider of mortgage funds, moving to increase homeownership among minorities and low-income citizens, unveiled a program Thursday to loosen lending standards for people with “slightly impaired” credit. The Federal National Mortgage Assn. said it will encourage banks and other financial institutions to accept borrowers with blemished credit who may not otherwise qualify for conventional loans. The program will begin on a pilot basis in 15 states, including California, and the District of...

The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation's banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups, intent, in some cases, on teaching their low-income clients that the financial system is their enemy and, implicitly, that government, rather than their...

"Let me welcome you all here today for the signing of this historic legislation. With this bill, the American financial system takes a major step forward towards the 21st century, one that will benefit American consumers, business, and the national economy for many years to come." -- Larry Summers, Then-Clinton Treasury Secretary And Current Obama Adviser, On Gramm-Leach-Bliley (1999) Today, The Obama Campaign, As Barack Obama Has Done Over The Past Few Days, Blamed The Gramm-Leach-Bliley Act For The Current Economic Crisis: Obama Campaign Memo: "Gramm Was 'Principal Author' Of The 1999 Gramm-Leach-BlileyAct, Breaking Down Walls Between Banking, Insurance, And...

The National Organization for Women endorses the Obama-Biden ticket. NOW ought to change its name to WOW. Such stunning independence. A working woman with five children, the governor of a sovereign state, isn't a sufficient accomplishment. Who knew? Actually, Sarah Palin is a triumph for the "third stage" of feminism. The first stage of the modern woman's movement saw the destruction of the "feminine mystique." It's been almost 50 years since Betty Friedan argued that women lived in a "comfortable concentration camp" in the suburbs, prisoners with lots of rooms but no identity to call their own. She overstated the...

A Federal judge from Louisiana is under a cloud of impeachment and if he's convicted it'll be the first Federal judge impeached in almost 20 years. The story was covered by the new wire service named ProPublica, a service that claims to be non-partisan. Yet in two stories on this judge there is not one mention of the fact that he was appointed to the bench by President Bill Clinton, nor that his corruption was known by the Department of Justice when Clinton made the appointment. I wonder why ProPublica didn't find that relevant, don't you? A while back, I...

How Democrat Thieves Looted Fannie Mae and Freddie MacSeptember 18, 2008 BEGIN TRANSCRIPT RUSH: The McCain camp is accusing Obama of cheering on this discord on Wall Street, cheering on the financial mess, trying to actually make it worse, trying to make people feel more upset -- of course, what's hard to understand about that? They want you suffering; they want you in panic; they want you hurting, ladies and gentlemen. That's the nature of liberalism. And they asked Obama, "What do you think about the AIG bailout?" He didn't have a word to say? He had nothing to say...

Franklin Raines From Wikipedia, the free encyclopedia Jump to: navigation, search Franklin Delano Raines (born January 14, 1949 in Seattle, Washington) is the former chairman and chief executive officer of Fannie Mae who served as White House budget director under President Bill Clinton. He is currently employed by Barack Obama's Presidential Campaign as an economic adviser. The son of a Seattle janitor [1], Raines graduated from Harvard University, Harvard Law School; and Magdalen College, Oxford University as a Rhodes Scholar. Raines was of age during the Vietnam War, but performed no military service. He served in the Carter Administration as...