Daily Archives: February 5, 2009

Feb 5 2009

Young but influential Chicago politician, the American president helped to create the housing bubble.

At the heart of it was a 1995 amendment to the Community Reinvestment Act which legally required banks to lend money to buy homes to millions of poor, mainly black Americans, guaranteed by the two biggest mortgage associations, Fannie Mae and Freddie Mac. And no one campaigned more actively for this change to the law than Mr Obama, as a young but already influential Chicago politician.

It was this Act which, more than anything, helped to create the US housing bubble. Read More

Barack Obama’s connection to the Housing melt down is a story for the movies and his election to The White House!

Feb 5 2009

Barack Obama Justice Nominee Used to Represent Playboy (Red Flags)

nomama

Senators might want to hold David Ogden’s confirmation hearing after the kids go to bed.

That’s because the man in line to become No. 2 at the nation’s top law enforcement agency was once a strident defender of Playboy and other purveyors of nudity.

And some critics are drawing attention to his risque legal work ahead of his Senate Judiciary Committee hearing Thursday. In one case, Ogden paved the way for the blind to enjoy Playboy at the Library of Congress.

“There’s essentially a question of propriety,” said Brian Burch, president of the religious conservative group, Fidelis — which released a critical report on Ogden’s past representation. Burch co-signed a letter this week to committee members raising flags about Ogden, up for deputy attorney general, and other nominees.
Read More

Setting good examples for the young kids in America I see! Which that don’t seem to matter to Obama and the democrats does it? These kind of picks will not help the democrats two years from now or Obama 4 years from now! Sarah Palin you’re looking great for 2012!