In Sept, 2008, I penned the post, the US Economy: A Perfect Storm of Housing and Lending Events. This overview of how we managed to bring ourselves to the precarious cliff of a failed economy revealed it was not a single issue, but a combination of many events – including political pressure on lenders for homeownership, relaxing of GSE lending criteria, regulation/deregulation, and profit motivation by financial institutions – leading to an out of whack supply vs demand, driving up housing values to unsustainable and dangerous levels.
It never crossed my mind that financial terrorism could be another element to be factored in. So when the WA Times wrote of an unclassified Pentagon report by Kevin D. Freeman, my head perked up.
The People Of The Stables The race track is a world within a world. It can be a dangerous place, injuries and death happen all too frequently, but you can make dear friends at the track; especially, if you work on the backside where the horses are stabled. Everyone on the backside can be divided… Read more »
This START treaty is bad bad bad….for one very important reason. It reduces our ability to defend ourselves. Ariel Cohen, a Senior Research Fellow in Russian and Eurasian Studies at The Heritage Foundation, notes that the Russians have repeatedly stated they have to right to back out of the treaty if the U.S. missile defense… Read more »
Wikileaks has released the next wave of classified material and it has made this country infinitely weaker. No country will want to confide, nor help, the US again knowing that they too could be embarrassed. Ronald Neumann, who served as U.S. ambassador to Afghanistan from 2005 to 2007, tells Danger Room he fears the impact… Read more »
Unscripted Questions And No Teleprompter Cause Our President To Look Befuddled North Korea assaults South Korea with an artillery barrage; Obama frets over the Six Part Talks and figures we shouldn’t reward bad behavior with money.
North Korea attacks South Korea and now Japan is on high alert: North Korea’s artillery attack on a South Korean island put the Japanese government on high alert, with Prime Minister Naoto Kan ordering his cabinet members to step up information-gathering and prepare for emergencies. China sends two ships to patrol islands in the East… Read more »
A headline from the British newspaper ‘The Economist’ reflects the frustration of the British Socialist with the inevitability of Conservatism replacing the latest Socialist Darling to auger into obscurity and ignominy through incompetence and arrogance. The Republicans What’s wrong with America’s right Too much anger and too few ideas. America needs a better alternative to… Read more »
As Congress labored furiously to ensure that women have equal access to federal bathrooms, insurgents in Afghanistan this month launched a series of bold strikes on U.S. and NATO bases in Afghanistan. The Potty Parity Act is proceeding apace. The Obama administration response to the upsurge in violence in Afghanistan? It launched an investigation into allegations that a number… Read more »
On March 26, in what was clearly an act of war, a North Korean torpedo sank a south Korean ship, killing 46 sailors. The Obama administration reacted by expressing a strong amount of “caution.” Two months later, Hillary Clinton finally got around to calling the situation “highly precarious.” The Obama adminstration supported South Korea’s move… Read more »
South Korean soldiers aim their weapons near the Demilitarized Zone between South and North Korea in Yanggu. MSNBC/AP: Secretary of State Hillary Rodham Clinton — in Beijing to win support from China, North Korea’s top ally, for diplomatic action — said Monday the Obama administration is striving to avoid a conflict on the Korean peninsula…. Read more »