Fooling around on a chilly Monday, a few thought have occurred to me:
First, The New York Times reports that our Congressman, Randy Neugebauer, has blown the whistle on a large scam taking place at Fannie Mae and Freddie Mac. It seems that the taxpayers have paid the legal bills for some of the worst of the perps in the greatest banking fraud ever....to defend them from charges of civil fraud!
The scandal of the banking collapse, the government bailouts of the perpetrators, and the government coverup of all the fraud needs to be fully exposed. Go Randy!
Secondly, it appears that one of the big perps, Jeffery Immelt of General Electric (General Electric Credit Corp.), has been appointed to a high economic post at the White House. He will know how to bail out the perps even more at the expense of Main Street Americans.
One wonders if there is no shame in Washington, D.C. But not for long. Clearly there is none.
Third, I note that Texas Tech has won in the Court of Appeals in the Mike Leach case. I have not read the opinion, and have no thoughts about the ruling.
From the news stories, it appears that Tech is not bound by the contract it signed, and is immune from any damages it might be assessed if Tech doesn't pay under its terms.
Bad news for Leach, but I wonder how everyone else that has signed contracts with Tech feel?
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