PreviewThe people shape their own destiny
-- either as free people or as slaves.

If they remain self-reliant, they stay free.
Ever expanding state power destroys lives.

Government panacea is a defective idea.
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Tuesday, January 31, 2012

Perils of big government corruption

Tell me again how the financial meltdown was all Bush's fault.... There are so many Democrats in it.

We all know about how Barney Frank used his Congressional influence to squelch the Bush administration's attempts to investigate Fannie Mae and Freddie Mac.

More Democratic roaches are scurrying out of the dirty money pile.

According to CNNMoney reports that as William Dudley helped orchestrate the Wall Street bailouts, he owned more than $100,000 stock in AIG and General Electric, two firms that received most government assistance. Despite the apparent conflict of interest, Dudley is presently president of the New York Federal Reserve. The Democrats know how to reward their own -- when they violate public trust.

According to the Washington Post, Dudley also worked for Jon Corzine (D) (the still un-indicted CEO of MF Global, in the disappearance of $1.2 billion of customer funds), while he and Corzine were at Goldman, Sachs & Company.

Also according to the Post article, Dudley contributed to several “Democratic” candidates, “including the presidential campaigns of Al Gore, John Edwards and John Kerry, the Democratic Senatorial Campaign Committee (while Corzine was DSCC Chairman), and Senate Finance Committee Chairman Max Baucus (D-MT).

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