The reason there are so few Islamic democracies is that the majority of Muslims vote for war, rape, murder, and terror, with the result that democracies with substantial Muslim populations tend to be short lived. Muslim democracy is dangerous because Muslim voters are dangerous, and should not be permitted. Egypt looks like it will produce …
Month: January 2011
The financial crisis inquiry report
“Best practices†required that the lender accept “non traditional†evidence of ability to pay – and the reason such evidence was non traditional is that it is not evidence. If a mortgage business followed HUD “best practicesâ€, as in practice it had to do, it meant they were allowing borrowers or their loan officers to make $#!% up.
Ambac argues fraud committed for profit caused the crisis
I of course, argue that government pressure to make mortgage loans caused the crisis. After all, the specific examples bad loans that Ambac lists in its lawsuit against Bear Stearns, are all loans that were made to poor people, though Ambac provides no information that would identify the race of these poor people. Ambac, however, …
Who called the financial crisis before it happened?
Among others, Ron Paul, in his speech to the house, proposing amendments to the laws that caused the crisis … the government’s policy of diverting capital into housing creates a short-term boom in housing. Like all artificially created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty …
Brad De Long explains he was wrong
Wrong, that is in that he failed to appreciate his own his immense genius, and wrong in that he failed to appreciate that the progressive left wing account of economics was ever more staggeringly true than he thought it was: According to him, he was wrong to think that: highly leveraged banks had control over …
Europe crosses the Rubicon
Ireland has started to issue its own Euros, or rather counterfeit its own Euros, since it has no legal authority to issue Euros – not that anyone worries about legal authority these days. If any one country of Europe can get away with issuing Euros, then the political benefit is captured by the one country …
The New Civility
“There would be torture and then an ear necklace, with [Minnesota US Rep.] Michelle Bachmann and Sarah Palin’s ears toward the end, because they’re small, female ears, and then Limbaugh, Hannity and the biggest ears of all, Cheney’s, in the center,” Fuller said.
Creeping progressivism
Mc Cain is horrified when a bunch of progressive lawyers demand that banks have their paperwork in order before foreclosing. He does not realize that he has implicitly conceded everything that matters to those progressive lawyers. He complains that this will have a detrimental effect on the availability of credit: this action could have a …
No enemies to the left, no friends to the right
A leftist has no enemies to the left, and no friends to the right. Thus everyone that he is a friend to, is an enemy to him, and everyone who is a friend to him, he is an enemy to. Back in the day of the Soviet Union, we regularly saw this dynamic with the …
The blood libel against Sarah Palin
So, as Sarah Palin said, keep your powder dry.