In A Nutshell

(1) The causus causata of the snowballed meltdown has been identified: The subprime lending corruption at Fannie & Freddie.

(2) A look at the timeline makes clear that the practice of sub-prime lending began in the Clinton era and was called to the carpet in 2004 when it started getting out of hand and raised red flags to number crunchers. The Republican-backed snooping was beaten back by Democrats like Barney Frank, Reid, and others.

(3) The "community organizing" that Barack has on the top of his resume' for "experience" refers to his activities with ACORN--which worked hand-in-hand with Franklin Raines at Fannie.

(4) Raines is now "economic advisor" to Obama.

In A Nutshell

(1) *The causus causata* of the snowballed meltdown has been identified: The subprime lending corruption at Fannie & Freddie.

(2) A look at the timeline makes clear that the practice of sub-prime lending began in the Clinton era and was called to the carpet in 2004 when it started getting out of hand and raised red flags to number crunchers. The Republican-backed snooping was beaten back by Democrats like Barney Frank, Reid, and others.

(3) The "community organizing" that Barack has on the top of his resume' for "experience" refers to his activities with ACORN--which worked hand-in-hand with Franklin Raines at Fannie.

(4) Raines is now "economic advisor" to Obama.

Do the math.

YAAAARGH!!!

Somali Pirates Demand $20 Million Ransom for Weapons-Laden Ship
Sunday, September 28, 2008

MOGADISHU, Somalia — As a heavily armed U.S. destroyer patrolled nearby and planes flew overhead Sunday, a Somali pirate spokesman told The Associated Press his group was demanding a $20 million ransom to release a cargo ship loaded with Russian tanks.

The spokesman also warned that the pirates would fight to the death if any country tried military action to regain the ship, and a man who said he was the ship's captain reported that one crew member had died.