Fact of the day

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The street vendor glove market in Philly (aka guy with a duffle bag full of gloves) peeked yesterday at $2 a pair. This morning an apparent glut in supply has sent…

Ron Williams Comes Out of The Closet

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Not that he was very far in the closet when it came to Tom Gordon, but this is sickening…

Gordon bashers on the prowl

The roving bands of Tom Gordon bashers have once again resurfaced, as uninformed and bigoted as ever.

The occasion that spurred the ignoramuses was the announcement by Insurance Commissioner-elect Karen Weldin Stewart that Gordon is on three of her transition team committees, including one that will review and make recommendations about the department’s fraud unit.

Are you thinking…”get a room” at this point?

It Has Come To This

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If you want an inside scoop as to what is happening at Dellib, well let me be the first to peel back the curtain enough to see the cat licking itself in the corner.

Delaware Liberal cares about you the reader. We care about what you think. In fact we care A LOT ABOUT WHAT YOU THINK IF YOU ARE A CAT LOVER! It has gotten to the point that there are internal discussions at Dellib regarding particular posts (mostly of mine) that might make the fur stand up of a few of our readers. Those readers might be you, a cat-love. If you (said reader) are a CAT-LOVER, you should be pretty happy right now.

Why?

I’m so sick of him

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God forbid Bush would focus on something as mundane as the economy in his final days. The outgoing Bush administration is planning to announce a broad new "right of conscience"…

Bush Ignored the Warnings

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From the AP yesterday, reporting in detail on how BushCo would not implement a crackdown on the worst of the mortgage practices and just plain ignored people who were warning of the long-term consequences. This is going to make you mad:

The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.

“Expect fallout, expect foreclosures, expect horror stories,” California mortgage lender Paris Welch wrote to U.S. regulators in January 2006, about one year before the housing implosion cost her a job.

Bowing to aggressive lobbying — along with assurances from banks that the troubled mortgages were OK — regulators delayed action for nearly one year. By the time new rules were released late in 2006, the toughest of the proposed provisions were gone and the meltdown was under way.

“These mortgages have been considered more safe and sound for portfolio lenders than many fixed rate mortgages,” David Schneider, home loan president of Washington Mutual, told federal regulators in early 2006. Two years later, WaMu became the largest bank failure in U.S. history.

As for the rules that were deep sixed?