The American Spectator
Do you remember that thing about how the banks wouldn’t lend to blacks and Hispanics because they were racists? And do you remember how they passed the Community Reinvestment Act so that banks were forced to reduce down payments practically to zero and lend to a lot of people they knew were bad credit risks? And do you remember how Wall Street bundled all these risky subprime mortgages and sold them to investors around the world so that when it became clear that those people weren’t going to be able to pay their mortgages banks everywhere were left holding the bag and all five of the Wall Street investment houses either went under or had to be bailed out by the federal government?
And do you remember how, when it was all over, liberals said it was actually the banks’ fault for “deceiving” all those people into thinking they could afford to buy homes and that the banks should be punished for it and some of those people be allowed to keep their homes anyway? And do you remember how all this cost the government close to a trillion dollars and put the whole economy in a hole that we really haven’t begun to dig ourselves out of yet?
Well, get ready because the whole thing is about to happen again.
Family Security Matters
Senator John McCain’s claim that concerns about Huma Abedin are a smear based on “a few unspecified and unsubstantiated associations” proves more embarrassing by the day. In fact, to the extent it addressed Ms. Abedin, the letter sent to the State Department’s inspector general by five House conservatives actually understated the case.
The letter averred that Abedin “has three family members – her late father, her mother and her brother – connected to Muslim Brotherhood operatives and/or organizations.” It turns out, however, that Abedin herself is directly connected to Abdullah Omar Naseef, a major Muslim Brotherhood figure involved in the financing of al-Qaeda. Abedin worked for a number of years at the Institute for Muslim Minority Affairs as assistant editor of its journal. The IMMA was founded by Naseef, who remained active in it for decades, overlapping for several years with Abedin. Naseef was also secretary general of the Muslim World League in Saudi Arabia, perhaps the most significant Muslim Brotherhood organization in the world. In that connection, he founded the Rabita Trust, which is formally designated as a foreign terrorist organization under American law due to its support of al-Qaeda.
Guns are not to be limited by the UN.
From the Foreign Policy Blog
The United States upended a major international treaty negotiation, telling foreign delegates at the final session today that they needed more time to consider the pact. Some diplomats said that Washington is seeking another six months, pushing off any decision on the politically sensitive treaty until after the U.S. election. Russia, Indonesia, and India also asked for more time.
Today the U.S. did not grab the golden ring: an international arms treaty that would have bolstered our country’s reputation as a elader on human rights,” said Scott Stedjman, senior policy advisor for Oxfam. “Moving forward, President Obama must show the political courage required to make a strong treaty that contains strong rules on human rights a reality.”