(via JWF, H/T Hotair.com)
Countdown to Democrats crying raaaaacist in 5…..4….3….2…….
Tag: Crime
Fallout: More on the NYT bomber
One thing I will say about the media. They really can get the story. Yeah, I know, they’re liberally biased. But so is Fox News.
The Latest via CBS NEWS:
Sources tell CBS News that would-be Times Square bomber Faisal Shahzad appeared on a Department of Homeland Security travel lookout list – Traveler Enforcement Compliance System (TECS) – between 1999 and 2008 because he brought approximately $80,000 cash or cash instruments into the United States.
TECS is a major law enforcement computer system that allows its approximately 120,000 users from 20 federal agencies to share information. The database is designed to identify individuals suspected of or involved in violation of federal law.
Another feather in Obama’s cap. 😉 Seriously, it does predate him. So, I will not blame him.
More this guy and his background Here, and Here. The Liberals are saying, “But a Muslim stopped the attack“!
Gabriel Malor over at Ace of Spades HQ lays the smack down on that idiotic nonsense:
Let me translate: the Left really want the legacy media to congratulate a member of the Muslim community because despite his faith he didn’t simply stand around and let a carbomb kill people. Really, that’s the story these Lefty bloggers are pushing. Otherwise there’s no point in bringing up his religion. And they say that we’re the ones with a repugnant view of Islam…
Third, this idea relies on the logical impossibility that Niasse knew he was helping stop Muslim terrorism. There’s no way he could have known that. I suppose he could have assumed that a carbombing was likely to be perpetrated by Muslims, but I doubt very much the Lefty blogs will appreciate that line of reasoning.
Finally, you don’t get bonus points for doing the right thing. Niasse was in danger himself. Of course, he went to the NYPD. He’s a t-shirt vendor in Times Square and Times Square was under attack. The Left seems to believe that this fellow did something heroic, but in fact he simply noticed smoke coming from a running vehicle and flagged down a nearby police officer. I’m glad he did, but it was hardly out of the ordinary. I would expect the same from anyone, regardless of their race, religion, nationality, or political ideology. Indeed, that’s one of the many reasons I am not a Leftist: my expectations don’t change depending on the skin color, politics, or religion of whoever I’m talking about.
So very well put. Bill O’Reilly was talking about it last night. That the left is now saying that because this man defaulted on his mortgage is why he did this. Which is, of course, B.S. as usual. The dude did it, because he was pissed at America because of our trying to stop Al-Qeada in Pakistan. Hmmm, Sounds like Ron Paul’s people. They have so much in common.
Suspected Drug Dealer's House gets raided, Liberals Angry
I was over looking at Reason Magazine and I happen to see this video. Now I will forewarn you, it is tough to watch, and yes, two dogs are killed in the video. (Graphic Content Warning: Violence and Language)
Well, it seems that Liberals are losing their ever-loving minds about this use of force.
While I think that it is tragic that an animal would have to lose its life during something like that; those swat agents were well within their rights. First off, the one dog was a PIT BULL; Pit Bills are known for attacking people and hurting or even killing them. There was another dog that was killed too. It happens in law enforcement, animals get killed.
Point blank, this guy, who looks to be Latino, was breaking the law. Last time I checked, possession of drugs is a criminal offense and the Swat team did have a knock warrant. I just wonder what his immigration status is. I’d be willing to bet that he’s not even legal.
The moral of this story is folks, if you are not breaking the law; the swat team will not come to your house and break down the door. As a Conservative-minded person, I believe in rule of law, and it is obvious to me, that the feds had enough evidence on this guy to conduct a raid….and the little doggies got killed… Big deal. If the owner gave two flips about these dogs, he would not be dealing drugs and the dogs would still be alive.
Like I told the crowd over at reason Magazine. I got no pity for anyone stupid enough to deal drugs and let their house get raided and the dogs shot. He got what was coming to him.
Bottom Line: Don’t do the dirty and you will not have those problems.
Update: To the moron from that fag boy liberal John Cole’s Blog, who keeps coming here and paying the race card. Two Words Douche nozzle: Get Bent Don’t waste your time. I ain’t approving your Nonsense. I made a valid point. If you’d looked at the About the Blog and About Me; you’d see why I feel the way that I do. I tell it like it is; the man was breaking the law and he got busted, and his little dog died. It happens. I am right, you are wrong. Enough Said. Like it, Learn it, Live with it!
Moral of that story is…..
Don’t take stuff that does not belong to you and your house won’t get overrun by police and your stuff seized.
The real kicker is; this douche nozzle will now play the victim card and most likely will win in a lawsuit. 🙄
What stupidity.
Video: We Will Remember
Stupid: General Motors plays a shell game
Here’s one for the “Stuck on Stupid” file that seems to be getting bigger and bigger by the day.
AP Headline: Gas in the tank: GM repays $8.1B in gov’t loans
Quote:
WASHINGTON – Fallen giant General Motors Co. accelerated toward recovery Wednesday, announcing the repayment of $8.1 billion in U.S. and Canadian government loans five years ahead of schedule.
The Obama administration crowed about the “turnaround” at GM and fellow bailout recipient Chrysler LLC, saying the government’s unpopular rescue of Detroit’s automakers is paying off.
Much of the improvement comes from GM slashing its debt load and workforce as part of its bankruptcy reorganization last year. But the automaker is a long way from regaining its old blue-chip status: It remains more than 70 percent government-owned and is still losing money — $3.4 billion in last year’s fourth quarter alone. And while its car and truck sales are up so far this year, that’s primarily due to lower-profit sales to car rental companies and other fleet buyers.
Chrysler, now run by Italy’s Fiat Group SpA, said Wednesday it lost almost $200 million in the first quarter. But it said it boosted its cash reserves by $1.5 billion, reducing the likelihood that it will need more government aid.
“This turnaround wasn’t an accident of history,” said White House economic adviser Larry Summers. “It was the result of considered and politically difficult decisions made by President Obama to provide GM and Chrysler — and indeed the auto industry — a lifeline, if they could demonstrate the will to reshape their businesses.”
Vice President Joe Biden said President Barack Obama “took a lot of heat” to keep GM alive. “And this has even exceeded our expectations.”
Everything is happy yappy and yippie skippy right?
Wrong.
Jamie Dupree dishes the straight dope on this little shell game: (H/T Q & O)
General Motors will make a big splash in the news today by announcing that the automaker will repay several billion dollars loans from the federal government earlier than expected. But it’s not really coming out of the GM wallet.
The issue came up yesterday at a hearing with the special watchdog on the Wall Street Bailout, Neil Barofsky, who was asked several times about the GM repayment by Sen. Tom Carper (D-DE), who was looking for answers on how much money the feds might make from the controversial Wall Street Bailout.
“It’s good news in that they’re reducing their debt,” Barofsky said of the accelerated GM payments, “but they’re doing it by taking other available TARP money.”In other words, GM is taking money from the Wall Street Bailout – the TARP money – and using that to pay off their loans ahead of schedule.
“It sounds like it’s kind of like taking money out of one pocket and putting in the other,” said Carper, who got a nod of agreement from Barofsky.
[….]
Most of Uncle Sam’s bailout money that was given to GM has now been turned into stock in the U.S. automaker.“The assumption is that, over time, hopefully the value of the stock will appreciate,” said Carper.
Long term that could prove to be a money-making investment for the feds – or if things go the wrong way for General Motors – a big, fat loss for Uncle Sam.
As most of you know, my Father is a 31 year veteran of the General Motors company. I find this little idiotic shell game right here to be just plain immoral. I mean, how in the hell are you going to use money from the Government to pay off the Government? That is basically taking money out of one pocket and putting into another. That is not paying off your debt; that is nothing more than a shell game. The reason why this is so upsetting to me is; that it is just going to hurt my Father. Because sooner or later, this company is not going to be able to pay my Dad’s pension.
As the son of a General Motors worker, I want to see G.M. succeed; but I want to see them succeed the right way and honestly. Not by playing a dirty, underhanded shell game, and that my friends is what this is, a dirty shell game to fool the American people and the workers at G.M. into believing that they are on to the road to recovery, when in all honesty, they are not.
The American Taxpayers, The workers and retirees for General Motors; deserve better than this.
Shame on General Motors for their deceptive tactics and shame on the White House and Yes, the President for aiding and abetting in this little scam.
The real cute part is that not a word of this, has been said in the media, as to just HOW this loans are being paid back. That my friends is a damned human tragedy.
Others: Questions and Observations, Mish’s Global Economic …, TigerHawk, Sweetness & Light, JammieWearingFool and The TrogloPundit
Update: Not surprisingly, Ed Morrissey Agrees with me.
From the Dept of 'Now why I am not surprised?'
Shocking? Not Hardly.
In Port-Au-Prince, Haiti, there is a police impound lot where dozens of brand-new vehicles sit gleaming in the sun, sporting the logos of aid groups that poured into the city to help in the wake of a devastating earthquake that killed more than 200,000 people and left 1 million homeless.
Haitian police are holding the vehicles for ransom, American aid workers say, demanding exorbitant sums for registration technicalities. The relief workers call it a brazen display — even for a country known to be rife with corruption.
When many of the vehicles were brought into Haiti, as cries rang out from beneath the rubble, there was no Haitian government to register the vehicles. The factory that made license plates, for instance, was destroyed.
But in mid-March, less than two months after the earthquake that registered 7.0 on the Richter scale, Haitian police began to impound vehicles without tags.
Relief groups are given a choice, American aid workers say: Pay a fine of 50 percent of the vehicles’ value, which quickly adds up to tens or hundreds of thousands of dollars for most groups, or wait two to three months for paperwork to be processed.
This is what happens when a Constitutional Republic decides to be the “White Knight” of a Socialist Country. You would think that America, its people and Government would have wised up about this already. But, as long as there is a bleeding heart liberal in this Country, we will keep sinking money into that godless pit.
When will America get a clue? When?
Justice: Goldman Sachs sued by the SEC for the Meltdown of 2008
Finally, some justice to these bastards:
Via the NYT:
Goldman Sachs, which emerged relatively unscathed from the financial crisis, was accused of securities fraud in a civil suit filed Friday by the Securities and Exchange Commission, which claims the bank created and sold a mortgage investment that was secretly devised to fail.
The move marks the first time that regulators have taken action against a Wall Street deal that helped investors capitalize on the collapse of the housing market. Goldman itself profited by betting against the very mortgage investments that it sold to its customers.
The suit also named Fabrice Tourre, a vice president at Goldman who helped create and sell the investment.
In a statement, Goldman called the S.E.C. accusations “completely unfounded in law and fact” and said the firm would “vigorously contest them and defend the firm and its reputation.”
The instrument in the S.E.C. case, called Abacus 2007-AC1, was one of 25 deals that Goldman created so the bank and select clients could bet against the housing market. Those deals, which were the subject of an article in The New York Times in December, initially protected Goldman from losses when the mortgage market disintegrated and later yielded profits for the bank.
As the Abacus deal plunged in value, Goldman and a prominent hedge fund made money on their negative bets, while European investors like IKB and ABN Amro lost more than $1 billion, the S.E.C. said.
According to the complaint, Goldman created Abacus 2007-AC1 in February 2007, at the request of John A. Paulson, a prominent hedge fund manager who earned an estimated $3.7 billion in 2007 by correctly wagering that the housing bubble would burst.
Goldman let Mr. Paulson select mortgage bonds that he wanted to bet against — the ones he believed were most likely to lose value — and packaged those bonds into Abacus 2007-AC1, according to the S.E.C. complaint. Goldman then sold the Abacus deal to investors like foreign banks, pension funds, insurance companies and other hedge funds.
But the deck was stacked against the Abacus investors, the complaint contends, because the investment was filled with bonds chosen by Mr. Paulson, who is not named in the suit, as likely to default. Goldman told investors in Abacus marketing materials reviewed by The Times that the bonds would be chosen by an independent manager.
“The product was new and complex, but the deception and conflicts are old and simple,” Robert Khuzami, the director of the S.E.C.’s division of enforcement, said in a statement. “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party.”
In response Goldman Sachs says:
The SEC’s charges are completely unfounded in law and fact and we will vigorously contest them and defend the firm and its reputation.
Yeah, sure the accusations are unfounded. If I were a Goldman employee; I would be looking for a new job pronto.
From the SEC Press Release:
The SEC’s complaint alleges that after participating in the portfolio selection, Paulson & Co. effectively shorted the RMBS portfolio it helped select by entering into credit default swaps (CDS) with Goldman Sachs to buy protection on specific layers of the ABACUS capital structure. Given that financial short interest, Paulson & Co. had an economic incentive to select RMBS that it expected to experience credit events in the near future. Goldman Sachs did not disclose Paulson & Co.’s short position or its role in the collateral selection process in the term sheet, flip book, offering memorandum, or other marketing materials provided to investors.
The SEC alleges that Goldman Sachs Vice President Fabrice Tourre was principally responsible for ABACUS 2007-AC1. Tourre structured the transaction, prepared the marketing materials, and communicated directly with investors. Tourre allegedly knew of Paulson & Co.’s undisclosed short interest and role in the collateral selection process. In addition, he misled ACA into believing that Paulson & Co. invested approximately $200 million in the equity of ABACUS, indicating that Paulson & Co.’s interests in the collateral selection process were closely aligned with ACA’s interests. In reality, however, their interests were sharply conflicting.
According to the SEC’s complaint, the deal closed on April 26, 2007, and Paulson & Co. paid Goldman Sachs approximately $15 million for structuring and marketing ABACUS. By Oct. 24, 2007, 83 percent of the RMBS in the ABACUS portfolio had been downgraded and 17 percent were on negative watch. By Jan. 29, 2008, 99 percent of the portfolio had been downgraded.
Investors in the liabilities of ABACUS are alleged to have lost more than $1 billion.
The SEC’s complaint charges Goldman Sachs and Tourre with violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Exchange Act Rule 10b-5. The Commission seeks injunctive relief, disgorgement of profits, prejudgment interest, and financial penalties.
Allow me to humbly submit that I hope that these bastards get exactly what is coming to them. I mean, these guy literally gambled as the stock market and by proxy; our economy went straight into the toilet. Many people that I know; like my parents, lost a good deal of money on this stuff. Not only that, after the credit crises hit; G.M. ended up having to shed a bunch of expenses; and as a result, my parents lost their optical and dental insurance. That came as a indirect result of this Wall Street mess. So, as far as I am concerned; throw the book at these bastards.
Capitalism is one thing, heartless greed is another; and these bastards crossed that line, big time. 😡
Justice: Maryland Cops who beat John McKenna will be FIRED!
First the Video:
The Story:
Police in Maryland are investigating three officers involved in a beating last month at the University of Maryland’s College Park campus. One officer has already been suspended.
The incident was caught on tape, and it apparently shows University of Maryland student John McKenna being attacked by Prince George's County police unprovoked during a celebration after a basketball game. The beating occurred on March 3 after Maryland’s basketball team beat Duke University.
Attorney Christopher Griffiths released video of the incident on Monday after charges against McKenna, 21, were dropped. A police officer involved in the incident had claimed McKenna assaulted them.
McKenna was among the 28 people arrested by Prince George’s County police during the civil unrest that followed the game.
County prosecutors are investigating the incident and police have launched an internal affairs investigation.
Police Chief Roberto Hylton says he saw the video and was outraged. He says one officer’s police powers have been suspended and two other officers will be suspended when they are identified
via Video of Student Beating Leads to Cop Suspension – The Early Show – CBS News.
One network says fired, the other says suspended; but I tend to think it is the latter. There is no defending those actions. Those PIGS, and that is what they are; attacked that kid unprovoked and then lied about it. They are getting just what should be coming to them. Well, I believe that criminal charges should be brought against them, and that might just happen.
As a Conservative, I believe in rule of law. What I do not believe in, is police brutality. 😡 This was a clear cut case of that; and for that these men will lose their jobs. As someone who’s cousin was shot dead by corrupt Detroit police officers in the 90’s, I feel that any sort of police brutality should be dealt with harshly and those responsible should be jailed themselves. Although, in this case, I highly doubt that will happen.
Do not misunderstand me here; there are times when the police have to use force of this sort. This was not one of those times.
Movie: Just in case anyone has forgotten
Just remember, Ron Paul believes in negotiating with these bastards. Therefore, he is a terrorist supporter. So are Democrats.
