And You Thought the Housing Crisis Was Over!

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.

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Huma Abedin’s Brotherhood Ties Are Not Just a Family Affair

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.

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UN backs away from small arms treaty

Weasel Zippers

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.”