I bet the Dems really regret opening this can of worms to attack Trump.

quote:

Originally posted by TSE:
I bet the Dems really regret opening this can of worms to attack Trump.

It's fun at the "what goes around" phase start and sucks when "comes around" phase arrives.

quote:

Originally posted by architect:
Think about it, if you had his kind of FU money, wouldn't you be inclined to splurge a little?

Besides, I think Musk figured out a long time ago just what Govt. policies and perspectives favor his interests.

Sure, but for big money donors like him, it's important to hedge one's bet. At this early stage, it's best to quietly support your favorite. Once a few viable contenders emerge, you also quietly give those support to cover the bases. That way, you have an "in" no matter who becomes the nominee.

What if Rubio becomes the eventual nominee? He's going to remember Elon making a big show about backing Vance. Some people can be petty, especially those running for office.

quote:

Originally posted by TSE:
I bet the Dems really regret opening this can of worms to attack Trump.

Maybe, if a cell door slams after they walk in.

Typical of a CNN leftist hack, didn't bothered proofreading her post.

It's Shake Shack!

Boooo!

Fed Reserve "lady" with multiple houses, meanwhile her cabals fiscal policy is crippling younger generations ability to purchase just one house...

quote:

Originally posted by stoic-one:
Fed Reserve "lady" with multiple houses, meanwhile her cabals fiscal policy is crippling younger generations ability to purchase just one house...

The entire premise of keeping interest rates high because tariffs might cause inflation is missing the point. Inflation is caused by too much money and too few goods. Demand outstripping supply. Raising prices due to tariffs is a different thing - the higher prices could reduce aggregate demand and result in less business activity which would tend to drive prices back down. It's complicated yes, but it's NOT due to demand outstripping supply. We may very well end up with excess supply, which will then require "stimulus" to increase demand.

This is a 100% anti-Trump action, causing the country to suffer so they can make him look bad and maybe retake the house in 2026. That democrats think nothing of making Americans suffer so they can get power is the sickening thing.

quote:

Originally posted by Sig2340:

quote:

Originally posted by TSE:
I bet the Dems really regret opening this can of worms to attack Trump.

Maybe, if a cell door slams after they walk in.

That's still not enough, they're irredeemable in every way possible. Rabid dogs cannot be tamed.

Amid Mortgage Fraud Allegations, Fed Governor Cook Says Won't Be "Bullied" To Step Down

https://www.zerohedge.com/poli...mortgage-fraud-probe

It took all day but Fed Governor Lisa Cook finally offered a response to allegations that she committed mortgage fraud (in order to get better rates, ironically!). Of course, she played the victim card immediately and offered up future 'facts'...

“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” Cook said in a statement.

“I do intend to take any questions about my financial history seriously as a member of the Federal Reserve and so I am gathering the accurate information to answer any legitimate questions and provide the facts.”

One quick question... did you break the law or not?

Bill Pulte was quick to respond to the governor's statement:



The director of the Federal Housing Finance Agency is urging Attorney General Pam Bondi to investigate Federal Reserve Governor Lisa Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees.

FHFA Director Bill Pulte wrote a letter to Bondi and DOJ official Ed Martin on Aug. 15 suggesting that Cook may have committed a criminal offense. The letter alleges that Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute.”

Cook was nominated to the Fed by President Joe Biden and took office in 2022, becoming the first Black woman to serve on the Fed’s board of governors.

She was later nominated by Biden for a full term, which expires in 2038.

Bloomberg reports that no charges have been filed and it’s not clear whether Bondi will investigate. The Justice Department declined comment. The Federal Reserve declined comment. Cook did not respond to requests for comment late Tuesday.

More at link

quote:

Originally posted by wcb6092:
The letter alleges that Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute.”

Mortgage Fraud was one of the things my old agency investigated (no, not FHFA, although FHFA did a stellar job of cherry-picking virtually all of our rock-star agents when they stood their OIG up.)

What I quickly learned from dabbling in it as a non-rock-star investigator was that a) An incredibly high percentage of loans involve some element of fraud, and b) An incredibly high percentage of lenders don't care, because it's almost impossible for them to sustain a loss from the fraud. Borrower lied about income and the house went into foreclosure two years later? Cool... the property appreciated 20% since the loan was written. UNTIL whatever periodic real estate "bubble" we happen to be in bursts. THEN the banks care a great deal, because when the house is truly upside down (mortgaged for way more than it's worth) it's impossible for them to foreclose their way out of their losses.

For insured loans (FHA, Fannie & Freddie, VA, USDA) this is when the government also starts to care... but the banks still don't with respect to those loans, because the .gov insurance on the mortgage will make them whole.

Don't get me started about the Community Reinvestment Act. This not only incentivizes but pretty much requires banks to write abjectly shitty high-risk loans in crappy neighborhoods in the name of "equity" and "fairness."

In short, Mortgage Fraud is one of my few exceptions to the rule "Don't blame the victim." Banks know they're figuratively hooking up with the financial equivalent of STD-ridden prostitutes, but they do it anyway because those borrowers will do things that their more stable clients won't (like pay exorbitant origination fees, rates, and PMI premiums).

None of this makes me any less happy to see DOJ bringing charges against the wide array of Dem stooges that seem to think it's not an actual crime. I giggle like a schoolgirl every time I see one of these articles.

https://x.com/iAnonPatriot/status/1957575540505752062



The difference, idiot, is that President Trump pays for his own soda.

quote:

Originally posted by egregore:
https://x.com/iAnonPatriot/status/1957575540505752062…

The difference, idiot, is that President Trump pays for his own soda.

That person needs to be stopped from killing herself with sugary foods and chemical-laced carbonated beverages.

quote:

Originally posted by Sig2340:

quote:

Originally posted by egregore:
https://x.com/iAnonPatriot/status/1957575540505752062…

The difference, idiot, is that President Trump pays for his own soda.

That person needs to be stopped from killing herself with sugary foods and chemical-laced carbonated beverages.

No she doesn’t! She and her ilk should be encouraged to continue. Thinning the herd

quote:

Originally posted by Tn226:
No she doesn’t! She and her ilk should be encouraged to continue. Thinning the herd

If they simply keeled over from a heart attack, many would be inclined to agree with you. Unfortunately, that rarely happens. Rather, the rest of us not only get to pay for the garbage they shovel down their gullets every day, we also get to pay for decades of medical care related to their morbid obesity. Diabetes treatment, Ozempic, heart disease treatment, hip and knee replacements from carrying around all that weight, psychotropic drugs to deal with their depression, pain management, etc..., etc..., etc....

Ooooh, bad news for AG "Leticia" ()

NY appeals court throws out $500M penalty against Trump in "Letitia" civil case

^^^ Ha! I was just going to post that! Great news!

Flood watch for the U.S.

Lefty rears flowing like rain today.

quote:

Originally posted by wcb6092:
Flood watch for the U.S.

Lefty rears flowing like rain today.

Great typo....I think.

White House announces framework trade-tariff agreement with European Union

https://justthenews.com/govern..._campaign=newsletter

The White House on Thursday announced a framework trade-tariff agreement with the European Union, including the elimination of all tariffs on industrial goods imported from the U.S.

The framework deal, announced as a joint White House-EU statement, also includes providing the United States with "preferential" market access for a wide range of its seafood and agricultural products.

The agreement also states that most EU exports – notably pharmaceuticals, semiconductors and lumber – will be taxed at 15%. The EU also agreed to ensure an investment of $600 billion from its companies in the U.S. and to purchase at least $750 billion worth of U.S. energy, according to the White House.

"This Framework Agreement will put our trade and investment relationship – one of the largest in the world – on a solid footing and will reinvigorate our economies’ reindustrialization," the statement reads. "It reflects acknowledgement by the European Union of the concerns of the United States and our joint determination to resolve our trade imbalances."

The statement follows President Trump and European Commission President Ursula von der Leyen having met in July and announcing a trade deal in which the U.S. would impose 15% tariffs on most European goods, warding off Trump’s threat of a 30% rate if no deal could be reached by Aug. 1.