Free Republic 2nd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $66,828
82%  
Woo hoo!! And we're now over 82%!! Thank you all very much!! God bless.

Keyword: frmc

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  • Bikers Playing Fast and Loose

    11/30/2006 10:29:41 AM PST · by absolootezer0 · 261 replies · 4,719+ views
    LA Times ^ | 11.29.06 | Ralph Vartabedian
    A Suzuki racing bike screaming at 80 mph in a 25-mph zone slammed into Gigliotti on Oct. 4 as she was leaving her job at Long Beach City College, igniting a fireball inside her Ford Escort. "It is not uncommon to see these kinds of accidents with motorcycles, particularly high-powered super bikes," said Raymond Dennison, the Long Beach detective who investigated the crash. "The whole function is to go as fast as they can."
  • Gunmen on Motorcycle Kill Pakistani Doctor

    02/12/2006 11:17:45 PM PST · by river rat · 31 replies · 607+ views
    ABC News - International ^ | Feb. 13, 2006 | ASIF SHAHZAD
    LAHORE, Pakistan Feb 13, 2006 (AP)— Gunmen on a motorcycle Monday killed a Pakistani doctor who spent six months in jail on suspicions of harboring al-Qaida suspects and possessing illegal weapons. Some in this eastern city blamed the United States for the shooting of Ahmad Javed Khawaja, who had spent much of his life in the United States. A protest of about 500 people erupted shortly after the killing, with many shouting "Death to America!" as they blocked a street and set tires on fire. Khawaja, 72, was attacked while walking to his clinic after morning prayers at a mosque,...
  • WSJ: Systemic Political Risk - The Fannie Mae scandal - When it Raines, it pours.

    09/30/2005 6:06:48 AM PDT · by OESY · 6 replies · 1,041+ views
    Wall Street Journal ^ | September 30, 2005 | Editorial
    ...[I]nvestigators have uncovered even more accounting "irregularities" -- including overvaluation of assets, attempts to hide derivatives losses and the possible improper use of tax credits.... Which brings us to Mr. Oxley, the House Financial Services Chairman who is pressing a "reform" for Fannie and its sibling, Freddie Mac, that fails to address their core financial risks. His bill does nothing to reduce their huge portfolios of mortgage-backed securities (MBSs) and the derivatives they use to hedge those portfolios. Reducing their MBSs would dent their profitability. But a meltdown in their black-box hedging operations could have far worse consequences, and the...