Free Markets, Free People

Scandals

Barney Frank And “Rules”

Barney Frank has gotten very full of himself. So full, in fact, that his memory isn’t working as well as it probably should:

House Financial Services Chairman Barney Frank (D-Mass.) is pressing state and federal authorities to seek criminal and civil penalties on financial actors that helped cause the current crisis.

“Rules don’t work if people have no fear of them,” Frank said at a press conference Thursday.

He announced a hearing March 20 with Attorney General Eric Holder, bank regulators and the Securities and Exchange Commission as witnesses to discover what their plans are to prosecute irresponsible and in some cases criminal behaviors.

I wonder if he’d include this guy:

A September report from the Business & Media Institute suggests one possible target for investigation: a senior member of the House Banking Committee. This congressman is “a recipient of more than $40,000 in campaign donations from Fannie since 1989″ and “was once romantically involved with a Fannie Mae executive.” The same congressman “was and remains a stalwart defender of Fannie Mae.”

In case you’re not up to speed, that “senior member”  mentioned is House Financial Services Chairman Barney Frank (D-Mass.).

~McQ

“This is our house now”

Remember the organization that refused to pay its own workers a “living wage” even while it agitated for higher minimums for other businesses? The same organization that has been the subject of several voting fraud investigations? And the same one to receive $2 Billion from the stimulus bill? Well, its now in the process of “peacefully” occupying homes that are in the process of foreclosure. That organization, of course, is ACORN:

A community organization breaks into a foreclosed home in what they are calling an act of civil disobedience.

The group wants to train homeowners facing eviction on peaceful ways they can remain in their homes.

[…]

“The mortgage went up $300 in one month,” said Hanks, former homeowner.

ACORN fights foreclosures by breaking the law

ACORN fights foreclosures by breaking the law


She says the bank refused to modify her loan and foreclosed, kicking her out of the house in September.

The community group ACORN calls Hanks a victim of predatory lending.

“This is our house now,” said Louis Beverly, ACORN.

And on Thursday afternoon, they literally broke the foreclosure padlock right off the front door and then broke into the house, letting Hanks back in for the first time in months.

“We are actually trespassing, and so this is a way of civil disobedience to try to stay into our house,” said Beverly. “Legally it’s wrong, but homesteading is the only means that she has left to stay into her house. And we feel as though this is the right thing to do at this particular time to save this family.”

So even though they know it’s “legally wrong” ACORN is going to go ahead and do it anyway? Maybe they could take some of the $2 Billion they received and help Ms. Hanks pay her mortgage or even renegotiate it. Presumably ACORN received the stimulus money to do something other than commit criminal acts. Didn’t it?

[HT: Rick Moore]

The Culture Of Corruption On Steriods

The latest to be caught up in it is Rahm Emanuel:

News broke last week that Rahm Emanuel, now White House chief of staff, lived rent- free for years in the home of Rep. Rosa De Lauro (D-Conn.) – and failed to disclose the gift, as congressional ethics rules mandate. But this is only the tip of Emanuel’s previously undislosed ethics problems.

One issue is the work Emanuel tossed the way of De Lauro’s husband. But the bigger one goes back to Emanuel’s days on the board of now-bankrupt mortgage giant Freddie Mac.

So, lived free for 5 years and didn’t pay taxes on the gift (which, frankly doesn’t particularly bother me, but since Democrats would crucify a Republican official who did the same thing, I think hoisting a Dems on the same petard is perfectly acceptable), allegedly threw business into the lap of the person who was providing the gift, and fiddled while Freddie Mac burned.

To me the most serious of the three is the last. I see it as gross dereliction of duty. FM was fined 50 million bucks while Emanuel was paid $262,000 (speaking of fat cats) for obviously doing nothing as a FM board member during the time for which the fines were assessed. It isn’t a ‘golden parachute’ or a bonus for failure, but it is darn close.

I’d say a tax audit is called for, but then since Timothy Geithner would have to call for it, so nevermind.

Then there’s the ongoing probe into supporters of John Murtha which has now widened to include him.  Allegations have surfaced that he may have broken campaign-finance laws during a fundraiser held by the same people now under FBI investigation.  I’m just shocked, shocked I tell you!  Then there’s Charlie Rangel.

And Roland Burris? Heh … “Oh, yeah, um by the way, I did offer to raise money for the ex-gov.  Somehow that just slipped my mind during the hearings.”

Tell me again how it is now so much more ethical and honest in Washington DC since the Democrats took over?  Oh, and transparant.  That too.

“Just words …”

~McQ

Rules For Thee, Not Me – Paterson’s Secret Raises

While not amazed when I see blatant hypocrisy like this, the audacity is still a little stunning. You have to wonder how in the world Gov. David Paterson of NY thought he could keep this quiet:

Gov. Paterson has secretly granted raises of as much as 46 percent to more than a dozen staffers at a time when he has asked 130,000 state workers to give up 3 percent pay hikes because of the state’s fiscal crisis, The Post has learned.

The startling pay hikes, costing about $250,000 annually, were granted after the governor’s “emergency” declaration in August of a looming fiscal crisis that required the state to cut spending and impose a “hard” hiring freeze.

One raise was approved as recently as last month – when Paterson claimed the budget deficit had reached an unprecedented $15.5 billion.

The story is that the individuals in question all were promoted so the pay raises are those that go with the promotion. But a little digging revealed that 14 of the 16 raises went to people who remained in the same position they held prior to the granting of the raise.

This is the sort of thing that people find most offensive when it comes to government – the arbitrariness, the lack of principle, the belief that it can create exceptions for the favored among its constituency. This is the sort of favoritism that gets politicians fired. Some smart pol contemplating a run should be marking this sordid little episode down in his or her opposition research book for the next election.

~McQ

Redefining “Fascist”

So public speaking classes aren’t so much about how you argue a point but what point you argue?

A college student has filed a lawsuit saying a public speaking professor berated him in class for making a speech opposing same-sex marriage.

In the federal court suit filed last week, student Jonathan Lopez said that midway through his speech, when he quoted a dictionary definition of marriage and recited a pair of Bible verses, professor John Matteson cut him off and would not allow him to finish. He said Matteson also called him a “fascist bastard.”

A student evaluation form included with the lawsuit lacks a score for Lopez’s speech, and reads “ask God what your grade is.”

Exceptional levels of tolerance in academia, these days, no? A tremendous diversity of opinion is apparently welcomed and encouraged. Good to know, eh?

“Basically, colleges and universities should give Christian students the same rights to free expression as other students,” David J. Hacker, an attorney for the Alliance Defense Fund, a Christian legal organization that is representing Lopez, told the Los Angeles Times.

Amazing such a thing even needs to be said in this day and time. You have to wonder if Professor Matteson even knows what “fascist” means, much less that it was he who was acting like one.

~McQ

Misremembering (Updated)

You’ve got to hand it to former IL Governor Rod Blagojevich.  He’s the anti-Midas.  Everything he touches turns to…not gold, anyway.  His magical touch has once again appeared, and this time the touchee is the senator he appointed to replace Barack Obama, Roland Burris.  Apparently, Blagos Magic Touch™ caused Sen. Burris to, uh, misremember things.

U.S. Senator Roland Burris was asked to help raise campaign funds for Rod Blagojevich before the ousted Illinois governor named him to the seat left vacant by Barack Obama.

The governor’s brother, Rob Blagojevich, asked Burris three times to help with fundraising, according to a Feb. 4 affidavit the senator filed with state Representative Barbara Flynn Currie, who chaired the Illinois House panel that impeached Blagojevich.

Burris told the House panel on Jan. 8 that the governor hadn’t asked for money or favors in exchange for the Senate seat. In a letter accompanying the affidavit, Burris’s lawyer said the senator hadn’t been able to “fully respond” to questions.

He didn’t mean to give contradictory testimony. But it was all so confusing and difficult.

“While Senator Burris testified truthfully and to the best of his recollection before the Impeachment Committee, given the fluid nature of the questions and answers between the Senator and the committee, and based upon our subsequent review of the hearing transcripts, the Senator was unable to fully respond to several matters that were included in questions during his testimony,” lawyer Timothy Wright wrote in the Feb. 5 letter.

You see, he meant to tell the committee that Robert Blagojevich, the governor’s brother had asked him to do some, uh, fund-raising to the tune of $10,000, on three separate occasions, but he just wasn’t given a chance to testify to all these things fully.  So, it’s really the committee’s fault, with their slipshod procedures and what not.  That’s why he told the committee that he had not been asked for any fund-raising at all.

You’d think that a former state Attorney General would be able to negotiate the shoals of testimony, but I guess not.

Still, he told the committee that he had no contact with anyone connected to the governor in association with the appointment.  And he specifically denied having been asked to raise any money.  That’s a difference that would seem difficult to explain, but Sen. Burris  is having a press conference today in which he will, presumably, clarify these matters to everyone’s satisfaction.

UPDATE:

The press conference has started.  “I was never inconsistent in my statements”.

He says he answered affirmative when asked if he’d had contact with Gov Blagojevich’s cronies, and provided Lon Monk’s name as an example, after which, the questioning moved on to another subject.

He says his testimonies are fully consistent.

The Chicago press corps is asking him some pretty tough questions.  They don’t seem to be buying his schtick.

This should be interesting to follow.

So When Is A Lie A Lie? (update)

Or is this just “cynical manipulation?”

President Obama in Elkhart, IN today (email transcript – Fed. News Svc) in answer to a question by Helen Castello, a person in the crowd attending the rally:

So — so we may — we may debate– we — we can debate, you know, whether you’d rather have this tax cut versus that tax cut or this project versus that project. Be clear, though, that there aren’t — there aren’t individual pork projects that members of Congress are putting into this bill. Regardless of what the critics say, there are no earmarks in this bill. That’s part of the change that we’re bringing to Washington, is making sure that this money is well-spent to actually create jobs right here in Elkhart.

No earmarks huh? Does President Obama really know that? Or even believe it?

Here he is addressing the House Democrats in Williamsburg last Friday night:

Then there’s the argument, well, this is full of pet projects. When was the last time that we saw a bill of this magnitude move out with no earmarks in it? Not one. (Applause.)

We report. You decide.

But you have to wonder how Ms. Castello, who gushed all over Mr. Obama, must now feel knowing he lied to her face about earmarks knowing full well, as indicated by his remarks to Democrats, that the bill indeed included earmarks?

Hope and change.

~McQ

UPDATE: Here’s a link from a local TV station in Indiana which validates the first quote (although they end up paraphrasing Obama).

Rangel to Be Cleared?

Given the vaunted status of tax cheats amongst the Democrats, you’re all shocked, I’m sure:

Charles Rangel in "Scold Finger II: The Speaker Who Loved Me"

Charles Rangel in Scold Finger II: The Speaker Who Loved Me

House Ways and Means Chairman Charles B. Rangel predicted, on C-SPAN’s Newsmakers program that aired Sunday, Feb. 1, 2009, that his multitude of ethics woes would soon disappear. “I think that next Tuesday you will see a break in this and as soon as the Ethics Committee organizes they ought to be able to dismiss this,” National Journal’s CongressDaily quoted the Rangel as saying.

If so, it’s hard to imagine that the Select Committee on Ethics will have devoted anything more than a cursory glance at the various issues raised. Consider just one aspect, for which documents are in the public record: Rangel’s financial disclosure forms. We took a look at his filings going all the way back to 1978, the first year members were required to disclose information on their personal finances, and found 28 instances in which he failed to report acquiring, owning or disposing of assets. Assets worth between $239,026 and $831,000 appear or disappear with no disclosure of when they were acquired, how long they were held, or when they were sold, as the operative House rules at the time required.

This is all according to Charlie, of course. Much like the Obama team clearing itself of any inappropriate behavior in the Blagojevich troubles, taking Charlie’s word here would not be advisable. However, he seems to know that something is coming, and considering that Speaker Pelosi made little to no effort to support the investigation, we shouldn’t be surprised if Rangel walks away from this with his Chairmanship still intact.

Most ethical Congress ever!

Old Habits? Or Business as Usual?

Please ignore the outrage you hear from Congress about Citi almost buying a new airplane. Apparently that’s an inappropriate expenditure, but this is appropriate:

New York’s Charles Rangel and five other Democratic members of the House enjoyed a trip to the Caribbean sponsored in part by Citigroup (see above) in November – after Congress had approved the $700 bailout for financial firms (including Citigroup).

The members no doubt will object to the terms “junket,” but that shoe fits. The National Legal and Policy Center, a watchdog group, has asked Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP) to investigate the Nov. 6-9 excursion to the island of St. Maarten.

It was called the Caribbean Multi-Cultural Business Conference, but “the primary purpose … for most participants appeared to be to take a vacation,” said the NLPC. And not only was the timing lousy, but “corporate sponsorship of such an event was banned by House rules adopted on March 1, 2007, in response to the (lobbyist Jack) Abramoff scandal,” the group pointed out.

Joining Rangel on that trip were Donald Payne of New Jersey, Sheila Jackson-Lee of Texas, Carolyn Cheeks Kilpatrick of Michigan, Bennie Thompson of Mississippi and Donna Christenson, delegate from the U.S. Virgin Islands.

Your “most ethical Congress ever” hard at work watching over those Wall Street fat cats.

Hope and change.

~McQ