Bailout failure aftermath

Rep. Marcy Kaptur (D OH 9th) and I actually agree on something - the first time since NAFTA was passed. She and agree that once the dust settles on this bailout fiasco, Congress should create and fund the Emergency Financial Crimes Unit. I believe that Jamie Gorelick should be made chairman of this agency. Yes, this is the same Jamie Gorelick that drafted the "don't ask don't tell" policy while in the Clinton DOD. Also, the same Gorelick that was one of the architects of the wall of separation that enabled the 9/11 terrorist to roam free in the U.S., even though the CIA knew they were here. You read the memo and decide for yourself. Ms. Gorelick was an Asst. Attorney General at that point. And the reason the wall was put up had nothing to do with counter-terrorism efforts. It had everything to do with protecting her boss, President William Clinton, from charges of illegal foreign campaign contributions from the likes of John Huang and Charlie Trie.

The 9/11 Commission was never told of Gorelick's memo, so they could never ascertain what role that may have played on the terrorist attacks. That didn't stop the commission from placing loads of blame elsewhere. Gorelick is Teflon.

From 1997 to 2003, Gorelick was Vice Chairman of Fannie Mae. During her tenure there, Fannie Mae was charged with a $10 billion dollar accounting scandal that resulted in a $9 billion loss. Gorelick made $26,466,834 while at FNMA. Gorelick is Teflon.

This is exactly why I want Gorelick to lead the Emergency Financial Crimes Unit. To remain Teflon, she will give up Raines, Johnson, Frank, Dodd and the others that are guilty of defrauding the U.S. taxpayers out of billions. As far as justice for Gorelick, I will let God decide her fate.

Bailout failure

I am glad the bailout failed. I don't believe that we should let the people that our responsible for this mess to be in control of the bailout. I know that John McCain said that we should be more concerned with fixing the problem rather than fixing the blame. No one is in any hurry to get to the root of the problem. Why? It is because of the racial component that no one wants to discuss.

Review this video that was taped in 2004. The racial component of this issue was clear as early as 2004. The gaul of Nancy Pelosi to blame President Bush and the Republicans for this mess! Barney Frank, Chairman of the House Financial Services Committee, should be removed from his leadership post(at the very least). He is in this mess way past his eyeballs. One of his ex-boyfriends was an executive at Fannie Mae. Another was running an gay escort service out of Franks apartment. That earned Frank a reprimand in 1990. Frank has a lot of nerve being out in front on this issue. A decent man would have faded to the background by now.

** Breaking News **

Barak Obama has just been hired as a campaign strategist for McCain/Palin '08.