Reform, not Rescue… Buy in, not Bail Out.

This is a restructuring, not a rescue. It’s a buy in, not a bailout. Congress and the White House need to realize that this effort’s main goal is the stabilization of the financial markets and the recapitalization of the financial system. It is not the time to take the taxpayer’s money and give it to Wall Street. It is not the time to take the taxpayer’s money and give it to homeowners who can’t pay their mortgages. We’re taking the taxpayers money and correcting an error we should have corrected over five years ago - making the markets more transparent and ensuring that people who benefit from risky deals also assume the downside to those deals when they go bad.

By Joe Biden’s standards - I’m a Yankee Doodle Boy…

(Washington, D.C.; Right Commentary): Last Thursday, Democratic vice presidential candidate Joe Biden said that paying more of your income in taxes is the patriotic thing to do. Well Joe, if that’s the case, then I’m a “Yankee Doodle Boy,” because I pay an incredible amount of my hard earned cash in taxes. Chances are - [...]

The “Barracuda” takes on the “Messiah”… in the quest for national ratings.

Vice Presidential nominee, Gov. Sarah Palin’s highly anticipated speech at the Republican National Convention on Wednesday for all intensive purposes matched the record-setting numbers of Democratic presidential nominee Barack Obama.

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Palin “bump” puts McCain/Palin strong for GOP Convention - Obama/Biden behind

The latest nationwide survey, begun Friday afternoon after the McCain announcement of Palin as running mate and completed mid-afternoon today, shows McCain/Palin at 47%, compared to 45% support for Obama/Biden.

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Unwinding Mess - IndyMac, Freddie Mac, and Fannie Mae

On Friday, the first unavoidable evidence that the credit crunch continues burst forth to center stage. The Office of Thrift Supervision (OTS) and the Federal Depositors Insurance Corporation (FDIC) were forced to take control of IndyMac Bancorp, Inc. IndyMac’s failure marks one of the largest bank failures in history, and is the largest bank failure [...]