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Fiscal Liberal: One who supports deficit spending. One who supports raising the debt ceiling with no sound ability to repay such debts. Most current Republicans serving in the U.S. Federal government or, running for President are, "FISCAL LIBERAL".
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A Voice For Main Street
- $26 billion dollar settlement of Mortgage Foreclosure Practices: It's Not About the Money February 10, 2012The Department of Justice, HUD and State Attorneys General are sure proud to have reached a settlement with 5 banks (Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally) over the abuses in real estate foreclosure practices that plagued homeowners and the banks themselves. Is the settlement a triumph or simply window dressing? I’d say somewher […]Steven Berk
- Shame on you Judge Rakoff: Slamming the Courthouse Door on Investors Who Were Sold "Crap" and "Pigs" by Deutsche Bank February 8, 2012Judge Rakoff agreed with Deutsche Bank and dismissed two investor lawsuits involving the sale of residential mortgage backed securities the bank internally referred to as “crap,” “pigs,” and generally “horrible.” And “crap” they were, as we all know now (and it appears that Deutsche Bank knew before they sold them to investors). The mortgages were made to f […]Steven Berk
- General Motors: A Phoenix Rising From the Ashes on the Taxpayers' Dime February 6, 2012In those scary days of 2009, when the world economy teetered on the precipice, about to tumble into depression, General Motors needed to be saved. And saved it was by a controversial section (or at least controversial interpretation) of the Troubled Asset Relief Program (TARP). Quickly the administration and Congress made nearly $50 billion of bailout fund […]Steven Berk
- The Two Sides of Carlyle's Billionaire Founder David Rubenstein February 6, 2012David Rubenstein. Here’s a guy who earned his money, and instead of buying yachts and sports teams and filling the gossip pages with lurid details of affairs with Hollywood stars (not that there is anything wrong with that), he has become a generous and often patriotic philanthropist. Heck he bought the last known privately-held copy of the Magna Carta—yes […]Steven Berk
- Heather Peters Wins $9,867 from Honda on Claims Her Civic Hybrid Ain't Getting Promised Mileage Results February 2, 2012Congratulations Heather Peters. You took on one of the largest automobile companies in the country and won! The facts are simple. Honda promises its Civic Hybrid will get 50 miles per gallon. Ms. Peters (and 200,000 others) believe them. But they don’t get 50 miles per gallon. In fact, they don’t get anything near 50 miles per gallon. It seems Honda’s […]Steven Berk
- DOJ Files Criminal Charges Against Credit Suisse Traders: What We Can Learn About Wall Street Bonuses February 1, 2012File this one under “no good greed goes unpunished.” Well, at least this greed won’t. Today, the Department of Justice will file a series of criminal complaints against former Credit Suisse traders. The traders are accused of exaggerating the value of asset-backed securities in the days leading up to the financial crisis. (In fact, some are already planni […]Steven Berk
- The Residential Mortgage-Backed Securities Working Group: Too Little Too Late January 31, 2012With great fanfare, the President announced during his State of the Union the formation of the Residential Mortgage-Backed Securities Working Group. The mission: “To expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis.” It’s headed up by an all-star cast of law enforcement elites: Robert Khuza […]Steven Berk
- MF Global's Missing $1.2 Billion: It's not lost January 30, 2012$1.2 billion; it sure is a lot to lose. Okay, I could see $20 maybe $50; you leave it in your pants pocket (only to find it with some glee a few days later) or you might go to Vegas for the weekend and lose some money, more than you wish to admit. But over a billion, missing? That’s no easy trick. Well folks I’m here to tell you it’s not lost. It may be […]Steven Berk
- Thoughts from the Sunday Paper: Mets Owners Fight on! And Perelman's Case Goes Down in Less Than an Hour January 30, 2012Fred Wilpon The Madoff trustee, Irving Picard, filed suit some time ago against renowned nice guy and Mets owner Fred Wilpon, seeking what are often called “claw back” profits. According to Picard and other trustees (who try to unscramble Ponzi schemes) profits “earned” by winners of the scheme must be returned to those who are “losers.” The problem often […]Steven Berk
- The Shoe's on the Other Foot: Merrill Lynch Fined $1 Million for Skirting Arbitration January 26, 2012Have you ever received mail from your bank or credit card company that includes a long, somewhat friendly letter saying benignly: “The terms of your agreement have been changed.” “Huh, what terms?” You read on looking for some clues but when you’ve determined that you haven’t bounced a check, your credit card was not stolen (as you feared) and your account […]Steven Berk
The Marc Chamot Report
- Obama’s War with Catholics & American Christians & CA Illegal Immigrant Demands Taxpayers to Finance Kidney Transplant:
- Deadbeat Feds; Federal Employees, Congressional Staffers, and Obama Aides Owe More than $1 Billion in Back Taxes & Federal Workers Get 48% Better Benefits than Private Sectors:
- 2010 ruling by Federal Board of Immigration Appeals, Allows Illegal’s to be Legal, if they were Waved Through by Customs or Border Patrol by Mistake:
- Hurrah, San Luis Arizona Prevails! Judge’s Ruling; No English, Can't Run for Political Office & Obama’s Illegal Immigrants Big Suck-Up Job for Votes:
- Internet Declared the Winner & U.S. Congress Big Fat Zero! Congressional Anti-Internet Move Spurs Action, Shows How Dangerous American Elected Officials Have Become:
- It’s Not Social Security & Medicare that’s breaking our Financial Banks; it’s Government’s Failure to Collect & Prosecute $2.7 Trillion Worth of Tax Cheaters:
- Newly Elected Liberal San Francisco Sheriff, Ross Mirkarimi Refuses to Step Down Over Wife Beating Allegations:
- Obama Orders ICE Agents to Break Federal Immigration Laws to Help Protect Non-Criminal Illegal Aliens from Deportations, but ICE Union Refuses to Follow:
- Amanda Cummings? No! Just another Tragic Tale of Tormented & Bullied High School Teen Who Took Her Own Life:
- Obama; Most Suing & Anti-State President in U.S. History, Keeps Using Biased Justice & Federal Courts, Judges to Suppress States For Liberal Agendas:
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- Mortgage Relief Settlement Spurred by Whistleblowers: National Whistleblowers Center 3238 P Street NW Washington... http://t.co/RkaXnyLp 1 day ago
- CNN’s John King stands by his first debate question to Newt Gingrich: The following comment was made at this lin... http://t.co/GXsAWGW9 3 weeks ago
- RT @TopsyRT: CNN -Your Collective Ignorance and Biases Are Showing http://t.co/JLN9reVc Gingrich is phony and CNN knows it. #CNNDebate 3 weeks ago
- Best Sign (thus far) From Occupy Wall Street: I Won't Believe Corporations Are People Until Texas Executes One -... http://t.co/bTMutla9 3 weeks ago
- @wolfblitzercnn CNN and FoxNews (censorship), Your Collective Ignorance and Biases Are Showing: http://t.co/BPkoFIS9 #ronpaul #CNNDebate 3 weeks ago
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