Showing posts with label attacks. Show all posts
Showing posts with label attacks. Show all posts

Tuesday, June 9, 2009

Date set for Supreme Court nominee Sonia Sotomayor's confirmation hearings

Updated Tuesday, June 9th 2009, 2:31 PM

Ceneta/AP

Supreme Court nominee Sonia Sotomayor, wearing a cast on her right foot, Monday, June 8, 2009. On Tuesday, the date was set for her confirmation hearings.

WASHINGTON - Senate Democrats announced Tuesday that Judge Sonia Sotomayor's Supreme Court confirmation hearings will begin July 13.

In setting the mid-summer hearing, Judiciary Committee Chairman Patrick Leahy (D-Vt.) is bargaining the Senate can approve the first Hispanic high court justice by early August, when Congress takes its summer recess.

"This is a schedule that I think is both fair and adequate - fair to the nominee and adequate for us to prepare for the hearing and Senate consideration," Leahy said. "There is no reason to indulge in needless and unreasonable delay. This is an historic nomination."

Leahy had engaged in long discussions with the top GOP foil on the panel, Sen. Jeff Sessions of Alabama, about the start date.

Some Republicans, however, do not want to "rush" Sotomayor's hearings - even if it means there won't be a vote on her nomination until after the high court convenes in October, following its own summer break.

"Given the attacks on her character, there are compelling reasons to proceed even ahead of this schedule.
She deserves the earliest opportunity to respond to those attacks," Leahy said.

Having broken her ankle on Monday at LaGuardia Airport, the New York federal appeals court judge met with eight more senators Tuesday on Capitol Hill.

Sotomayor is expected to be easily confirmed by the Senate to replace retiring Associate Justice David Souter. Democrats hold 59 of the 100 seats in the chamber, an advantage that may grow if Al Franken of Minnesota is seated following a lengthy recount and court tousle.

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Saturday, June 6, 2009

PLEASE TAKE ACTION!!! SUPPORT Judge SOTOMAYOR NOW!!!


Sent by Cynthia I.

The Regressive may seem comical at times, and their attacks on Superior Court Nomineee, Judge Sonia Sotomayor, are so outrageous that to some they may appear funny, but what they are doing IT IS NOT!!!

Included below, Media Matters for America entries on Twitter: Posts about attacks of Judge Sonia Sotomayor, other related Posts and video player with playlist of clips on Judge Sotomayor.

SUPPORT Judge SOTOMAYOR NOW!!!

Here is the statement we will send on your behalf.


P.R. MOVE "SUPREME COURT DEMOGRAPHICS"

The Daily Show With Jon Stewart
M - Th 11p / 10c
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The attacks against U.S. Supreme Court Justice nominee Judge Sonia Sotomayor continue. Despite the outrage about these attacks expressed by the Latino community and others, there is no evidence that this nonsense will stop anytime soon. Earlier this week Jon Stewart from The Daily Show ridiculed the shenanigans, making clear how absurd this stereotyping and defamation is not only for Hispanics and other communities of color, but for all Americans.

Please join us in asking Republican National Committee (RNC) Chairman Michael Steele, House Minority Leader John Boehner, and Senate Minority Leader Mitch McConnell to denounce this smear campaign and keep the nomination process civil, respectful, and constructive.

The deafening silence of the Republican party's leadership is leaving many Latinos with a disturbing view of the party. There is much at stake here, including the Latino community's votes. Nearly 3,000 of you have signed the letter asking Chairman Steele to gather his fellow RNC leaders and condemn the statements against Sotomayor. If you haven't yet signed the letter, please do so. If you already have signed the letter, please forward this email to your family and friends and encourage them to take a stand.

We are better than this. It is time to stand against the politics of division and fear and work together for a stronger America.

Thank you,
NCLR
National Council of La Raza

Media Matters for America on Twitter, attacks on Sotomayor.

  • ==> RT @LimbaughWire Limbaugh: Michelle #Obama And Sonia #Sotomayor Should "Get Over It," Drop Their "Attitude": http://bit.ly/sHRNm
  • June 03, 2009 12:17 pm ET by Jamison Foser

  • BREAKING NEWS: Michael Savage tells the truth! Well, for about a third of a sentence: http://bit.ly/49CXSO



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    Monday, October 13, 2008

    Fox News has Acorn on the brain

    FROM: MEDIA MATTERS FOR AMERICA | COUNTY FAIR

    FNC has gone all in on the Acorn voter registration story in recent days. Since Friday, Fox News has mentioned the community organizing group 342 times, according to TVeyes.com. (That's compared to the 61 mentions on CNN.)

    Here's a glimpse of what Fox News' Acorn-mania looked like on Monday.




    Published Mon, Oct 13, 2008 9:51pm ET by Eric Boehlert

    Monday, October 13, 2008

    SPECIAL COVERAGE: The GOP's ACORN 'Voter Fraud' Lie

    The BRAD BLOG
    Here are the most notable stories from that recently reignited scam...
    10/7/08:
    'Stunt' Raid at NV ACORN Office & the GOP ACORN Lie Revealed
    10/8/08: RNC Issues Fox 'News' Transcript on ACORN 'Voter Fraud' as Press Release
    10/9/08: GOP Election Official Claims ACORN 'Voter Fraud' in MO
    10/9/08: GOP Sheriff Claims 'Voter Fraud' in Dem County in OH
    10/12/08: FL's 'Voting-Rigging' Congressman Cries 'Voter Fraud' on Fox
    10/12/08: 1.3 Million Reasons for the GOP 'Dixie-Chicking' of ACORN...

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    SPECIAL COVERAGE: The GOP's ACORN 'Voter Fraud' Lie

    The BRAD BLOG
    October 13th, 2008


    The GOP's ACORN
    'Voter Fraud' Lie

    The seeds for this scam had been planted long ago. But by the GOP, not by ACORN. See our Special Coverage page of the GOP's "American Center for Voting Rights" front group, formed in early 2005 (just three days before they were called to testify to Congress on the '04 election) to begin the propaganda front for the 2008 election.

    Also, see the Rosetta Stone for the modern day GOP "voter fraud" scam --- meant only to keep legal voters from being able to cast a vote at all --- in "Conservative Founding Father" Paul Weyrich's 1980 speech to 15,000 Baptist preachers in Dallas. The :40 second video is here, featuring Weyrich instructing his fellow rightwingers (including Ronald Reagan and Jerry Falwell, who were also there):

    "I don't want everybody to vote. Elections are not won by a majority of people, they never have been from the beginning of our country and they are not now. As a matter of fact, our leverage in the elections quite candidly goes up as the voting populace goes down."

    And then, right on schedule, in the days prior to the 2008 election, the GOP again hauled out their bogus ACORN "voter fraud" scam, as the latest battle in the ongoing "Republican War on Democracy".

    Here are the most notable stories from that recently reignited scam...

    10/7/08: 'Stunt' Raid at NV ACORN Office & the GOP ACORN Lie Revealed
    10/8/08: RNC Issues Fox 'News' Transcript on ACORN 'Voter Fraud' as Press Release
    10/9/08: GOP Election Official Claims ACORN 'Voter Fraud' in MO
    10/9/08: GOP Sheriff Claims 'Voter Fraud' in Dem County in OH
    10/12/08: FL's 'Voting-Rigging' Congressman Cries 'Voter Fraud' on Fox
    10/12/08: 1.3 Million Reasons for the GOP 'Dixie-Chicking' of ACORN...


    ...And the FACTS to Counter It...
    10/13/08: McCain Was ACORN's Keynote Speaker in 2006!

    Getting the picture? Please click the links above to learn what you aren't being told about this story by the clueless corporate media.

    The BRAD BLOG covers your electoral system, fiercely and independently, like no other media outlet in the nation. Please support our work with a donation to help us keep going. If you like, we'll send you some great election integrity documentary films in return. Details on that right here...


    McCain Hearts ACORN! Was Keynote Speaker at Group's 2006 Rally!

    The BRAD BLOG
    October 13th, 2008

    (Were There Any Preconditions?)

    Golly, for a group that's committed so much "voter fraud" for so long (if you're gullible enough to believe the lies that RNC/FNC has been telling you) it's mighty strange that, as News One notes, "McCain attended an ACORN convention just two years ago."

    The once-honorable Republican's campaign has even seen fit to produce a video smear ad, attempting to tar Obama with "associations" to ACORN, and alleging the group has committed "massive voter fraud" to boot! (They've yet to produce any actual evidence for that, unfortunately.)

    But more than just attending the ACORN-sponsored February 2006 rally, ACORN confirms in a statement today that McCain was actually the keynote speaker!

    So now, they wonder, why it is that McCain seems to have "lost that loving feeling?"

    "It has deeply saddened us to see Senator McCain abandon his historic support for ACORN and our efforts to support the goals of low-income Americans. Maybe it is out of desperation that Senator McCain has forgotten that he was for ACORN before he was against ACORN," noted Bertha Lewis, Chief Organizer of ACORN.

    "We expected Senator McCain to support our efforts to give voice to millions of Americans who have never participated in an election before," she continued. "We are surprised at his efforts to vilify an organization that, until recently, he saw as an ally."

    Hmmm...So, why was John McCain "palling around with" an organization that "has violated more Americans' civil rights to have their votes counted than any group since the KKK," as described by noted Florida 'vote-rigger' and McCain surrogate Rep. Tom Feeney (R-Abramoff)? Or was Feeney speaking out of school? If so, we've yet to hear McCain condemning the outrageous remarks, or distancing himself from Feeney, the three time winner of CREW's "Most Corrupt Members of Congress" Award.

    Also, we can't help but wonder, in regard to McCain's meeting with ACORN...were there were any preconditions before he agreed to meet with them?



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    ACORN Rallies Its Troops

    The Atlantic
    Mark Ambinder

    09 Oct 2008 07:04 pm

    Republicans v ACORN has become a perennial early October antagonism, and tensions this year are particularly acute, with Republicans from the McCain campaign all the way down to House Republicans accusing the left-leaning community organizing group of a national conspiracy to flood secretaries of state with fraudulent voter registrations.

    It's true, as Ben Smith notes, that Bugs Bunny and other imaginary voters can't imaginably show up at polling precincts and vote, but Republican complaints, to the extent that they are legitimate, are different. It's the rush of voter registrations at the end of the cycle, a rush which leaves election supervisors in the untenable position of having to very quickly decide whether applications are valid or not. Often, bad applications get through. Critics of ACORN wonder: why are fraudulent applications submitted in the first place? It's the system; you pay people to turn in as many voter registration cards as possible, you invite people who want more money to submit false forms. Critics also wonder: why aren't more people -- read the media -- covering this? After all, incidences of fraud are rampant, with official investigations launched in 12 states. Now -- "rampant" might not be the best adjective. Voter registration cards aren't the property of ACORN or any other group, and ACORN is required by law to turn in every completed form -- even if they're obviously fraudulent. ACORN insists it has procedures in place to flag these forms, but you can't blame supervisors of elections from throwing up their hands when they come in.

    Even some Democratic groups are wary, not because they think ACORN's doing bad work, but because the sheer size of ACORN's operation lends itself to individuals who can easily game the system, and because the focus on ACORN increases the scrutiny of their own work. It's clear that there's extraordinary interest in this election, and huge amounts of new voters are entering the system, and, sorry Republicans, they're not...Republicans. These October protests seem like a logical place for conservative activists to hold and nurture their grievances about the political environment. Call it galling, for example, that ACORN's voter reg. projects are nominally non-partisan, when, in point of fact, the places they go and the things they do seem to help Democrats disproportionately. Galling, but conservative groups can set up voter reg. organizations like this if they want.

    After the jump, read an internal memo from ACORN's directors, Bertha Lewis and Steve Kest, to its political allies, where the claim that ACORN has become a right-wing bogeyman is advanced.

    Re: The Truth About ACORN's Voter Registration Drive

    To: Interested Parties
    From: Bertha Lewis and Steve Kest
    Date: October 9, 2008
    Re: The Truth About ACORN's Voter Registration Drive

    Election Day is less than a month away, and our efforts to make sure that low-income and minority voters have a voice and vote on November 4th are in full swing. Unfortunately, just as we've seen in previous election cycles, the more success we have in empowering these voters, the more attacks we have to fend off from partisan forces making unfounded accusations to disparage our work and help maintain the status quo of an unbalanced electorate. We want to take this opportunity to separate the facts of our successes from the falsehoods of our attackers.

    On Monday, October 6, as voter registration deadlines passed in most states, ACORN completed the largest, most successful nonpartisan voter registration drive in history. In partnership with the nonpartisan organization Project Vote, we helped register over 1.3 million low-income, minority, and young voters in a total of 21 states. Highlights of this success include:

    We collected over 151,000 registrations in Florida, 153,000 in Pennsylvania, 215,000 in Michigan, and nearly 250,000 in Ohio.

    An estimated 60-70 percent of our applicants are people of color.

    At least HALF of all are registrations are from young people between 18-29.

    We are proud of this unprecedented success, and grateful to everyone who supported us in this massive effort, from our funders and partners to the literally thousands of hardworking individuals across the country who dedicated themselves to the cause and conducted the difficult work of registering 1.3 million Americans, one voter at a time.

    And this work is far from over: now begins our effort mobilize these new voters around local and national issues, getting them to the polls and helping to channel their commitment and conviction into an ongoing movement for change in our communities.

    As The Nation pointed out recently, ACORN's success in registering millions of low-income and minority voters has made it "something of a right-wing bogeyman." Though ACORN believes that the right to vote is not, and should never be, a partisan issue, attacks from groups threatened by our historic success continue to come, motivated by partisan politics and often perpetuated by the media without full investigation of the facts. As a result, there have been a few recent stories about investigations of former ACORN workers for turning in incomplete, erroneous, or fraudulent voter registration applications. Predictably, partisan forces have tried to use these isolated incidents to incite fear of the "bogeyman" of "widespread voter fraud." But we want to take this opportunity to set the record straight and tell you a few facts to show how these incidents really exemplify everything that ACORN is doing right:

    Fact: ACORN has implemented the most sophisticated quality-control system in the voter engagement field, but in almost every state we are required to turn in ALL completed applications, even the ones we know to be problematic.

    Fact: ACORN flags incomplete, problem, or suspicious cards when we turn them in, but these warnings are often ignored by election officials. Often these same officials then come back weeks or months later and accuse us of deliberately turning in phony cards.

    Fact: Our canvassers are paid by the hour, not by the card, so there is NO incentive for them to falsify cards. ACORN has a zero-tolerance policy for deliberately falsifying registrations, and in the relatively rare cases where our internal quality controls have identified this happening we have fired the workers involved and turned them in to election officials and law-enforcement.

    Fact: No charges have ever been brought against ACORN itself. Convictions against individual former ACORN workers have been accomplished with our full cooperation, using the evidence obtained through our quality control and verification processes.

    Fact: Voter fraud by individuals is extremely rare, and incredibly difficult. There has never been a single proven case of anyone, anywhere, casting an illegal vote as a result of a phony voter registration. Even if someone wanted to influence the election this way, it would not work.

    Fact: Most election officials have recognized ACORN's good work and praised our quality control systems. Even in the cities where election officials have complained about ACORN, the applications in question represent less than 1% of the thousands and thousands of registrations ACORN has collected.

    Fact: Our accusers not only fail to provide any evidence, they fail to suggest a motive: there is virtually no chance anyone would be able to vote fraudulently, so there is no reason to deliberately submit phony registrations. ACORN is committed to ensuring that the greatest possible numbers of people are registered and allowed to vote, so there is also NO incentive to "disrupt the system" with phony cards.

    Fact: Similar accusations were made, and attacks launched, against ACORN and other voter registration organizations in 2004 and 2006. These attacks were not only groundless, they have since been exposed as part of the U.S. Attorneygate scandal and revealed to be part of a systematic partisan agenda of voter suppression.

    These are the facts, and the truth is that a relatively small group of political operatives are trying to orchestrate hysteria about "voter fraud" and manufacture public outrage that they can use to further suppress the votes of millions of low-income and minority Americans.

    These tactics are nothing new, and history has shown that they will come to nothing. We'll continue to weather the storm, as we've done for years, and we'll continue to share the truth about our work and express pride about our accomplishments.
    Most importantly, we want to assure you that this good work continues, unabated and undeterred. ACORN will not be intimidated, we will not be provoked, and in this important moment in history we will not allow anyone to distract us from these vital efforts to empower our constituencies and our communities to speak for themselves. If the partisan political machines are afraid of low-income and minority voters, they're going to have to do a lot better than coming after ACORN.

    After all, there are now at least 1.3 million more of them, and they will not be silenced. They're taking an interest, and taking a stand, and they'll be taking their concerns to the voting booth in November.

    And ACORN will be here, to make sure that the voices of these Americans are heard, on Election Day and for every day to come.

    RELATED ARTICLES:
    Re: TPM Muckracker | A Dose of Reality on the ACORN Hysteria


    It's worth taking a moment to step back from the slew of charges leveled over the last week at ACORN, the community-organizing group that Republicans and the McCain campaign have been trying to turn into a bogeyman for fears about vote fraud (and, of course, tie to Barack Obama).

    The GOP has accused ACORN of submitting fraudulent voter registration forms numbering in the hundreds or thousands, in battleground states including Ohio, Indiana, Nevada, and Missouri.

    But the most important point that's getting lost in the Fox-generated hysteria is that, according to voting experts, even when fraudulent voter registration forms are submitted, they virtually never lead to fraudulent votes being cast. Richard Hasen, a law professor at Loyola and an authority on voting law, wrote in a 2007 op-ed published last year in the Dallas Morning News and noted recently by TPM, that "the idea of massive polling-place fraud (through the use of inflated voter rolls) is inherently incredible," because of the sheer logistical challenges it would require to carry out on a large scale.

    In many states, ACORN is required by law to turn in all the forms it collects, though the law differs from state to law, according to experts.

    ACORN has consistently said that it flags suspicious forms for election officials. Indeed, in Nevada where last week an ACORN office was raided in an investigation headed by the Secretary of State, ACORN was already cooperating with authorities.

    According to a statement from the group which has not been disputed by state officials, in July, ACORN set up a meeting with county elections officials and the Secretary of State's office to urge them to take action on information ACORN had provided. Since then, "ACORN has provided officials with copies and--in some cases--second copies of many of the personnel records and the 'problem card packages' and cover sheets with which we originally identified the problem cards."

    It's also worth noting that similar allegations were made against ACORN in the last few election cycles, and several investigations were conducted, none of which found evidence of widespread voter fraud. Many of these were conducted by US attorneys, who were pressured by GOP political figures to investigate the issue, then fired after they failed to come up with sufficient evidence.

    So as the GOP campaign to make an issue out of ACORN continues -- and we'll be keeping you posted as it does -- remember that the number of fraudulent votes that will be cast in November as a result of the group's voter-registration activities is close to zero. But the number of valid voters who could potentially have obstacles placed in their way of voting, as a result of the Republican campaign, is far larger.

    Re: TPM Muckracker | Indiana and Ohio Spar Locally with ACORN


    By Kate Klonick - October 13, 2008, 4:02PM

    As the Republican furor over ACORN and voter fraud continues to heat up nationally, there are two local developments in Democratic counties in swing states that are worth noting.

    In Indiana, where there have already been squabbles in heavily Democratic Lake County over early voting, the secretary of state has now asked the state attorney general and federal prosecutors to investigate ACORN for voter fraud.

    Secretary of State Todd Rokita wrote a letter to fellow Republican, AG Steve Carter on Friday, stating that he had received "secured credible evidence" of voter fraud perpetuated by ACORN, the AP reports.

    "There looks to be some felonious actions taken here," Rokita said to reporters. "I think the message to the voters and taxpayers of this state is that we're watching, and we're not going to tolerate the kind of behavior in the state."

    ACORN responded on Friday saying that they themselves had "identified approximately 2,100 cards in Lake County that we believe were problematic."

    "We are the victim here because we have identified the problem, and now certain interests are turning that information against us," Brian Kettenring, a spokesman for ACORN said.

    And Lake County isn't the only Democratic stronghold in a swing state to be dogged by voter fraud accusations. The bipartisan Cuyahoga County Board of Elections, a county which contains Cleveland, held hearings today and voted unanimously to ask the county prosecutor to investigate multiple registrations of individuals registered by ACORN, the Columbus Dispatch reports.

    Four people were subpoenaed in front of the board this morning, testifying that they had been asked to register multiple times by ACORN solicitors.

    Katy Gall, the ACORN director for Ohio, said that they had cooperated with the investigation and would terminate the employment of anyone found soliciting multiple registrations.

    No charges have been filed against ACORN in either state and in Indiana, the attorney general has yet to respond to Rokita's request Friday for an investigation.

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    Saturday, October 11, 2008

    Myths and falsehoods about the purported link between affordable housing initiatives and the financial crisis

    MEDIA MATTERS FOR AMERICA

    Fri, Oct 10, 2008 9:24pm ET

    Summary: Conservative and other media figures -- echoing a reported strategy on the part of Republicans -- have attempted to lay blame for the financial crisis on proponents of the expansion of affordable housing. Those attacks are premised on several myths and falsehoods.



    Trouble viewing clip? Download: QuickTime

    Conservative and other media figures, echoing a reported strategy on the part of Republicans, have attempted to deflect blame for the financial crisis onto proponents of the expansion of affordable housing and legislation and institutions created to effect that expansion.

    Newsweek senior editor Daniel Gross wrote in an October 7 Slate commentary:

    On the Republican side of Congress, in the right-wing financial media (which is to say the financial media), and in certain parts of the op-ed-o-sphere, there's a consensus emerging that the whole mess should be laid at the feet of Fannie Mae and Freddie Mac, the failed mortgage giants, and the Community Reinvestment Act, a law passed during the Carter administration. The CRA, which was amended in the 1990s and this decade, requires banks -- which had a long, distinguished history of not making loans to minorities -- to make more efforts to do so.

    Recent attacks have turned personal, with conservative media -- along with congressional Republicans and Sen. John McCain -- targeting Rep. Barney Frank (D-MA) directly as a purported culprit in the financial crisis, falsely representing his decades-long advocacy of increased affordable housing as advocacy of lax oversight over Fannie and Freddie.

    The attacks are premised on several myths and falsehoods and, in the case of CRA and attacks on minority lending, have taken on a racial tinge.


    In a September 28 Boston Globe column, Jeff Jacoby asserted:

    The roots of this crisis go back to the Carter administration. That was when government officials, egged on by left-wing activists, began accusing mortgage lenders of racism and "redlining" because urban blacks were being denied mortgages at a higher rate than suburban whites.

    The pressure to make more loans to minorities (read: to borrowers with weak credit histories) became relentless. Congress passed the Community Reinvestment Act, empowering regulators to punish banks that failed to 'meet the credit needs' of 'low-income, minority, and distressed neighborhoods.' Lenders responded by loosening their underwriting standards and making increasingly shoddy loans."

    Jacoby is not alone in his reference to "minority" lending. On the September 18 edition of Fox News' Your World, host Neil Cavuto asked Rep. Xavier Becerra (D-CA), "[W]hen you and many of your colleagues were pushing for more minority lending and more expanded lending to folks who heretofore couldn't get mortgages, when you were pushing homeownership ... Are you totally without culpability here?" Cavuto later said, "I'm just saying, I don't remember a clarion call that said, 'Fannie and Freddie are a disaster. Loaning to minorities and risky folks is a disaster.' "

    But the suggestion that the financial crisis was caused by banks lending irresponsibly to comply with the CRA is widely discredited. According to housing experts, a large number of subprime loans were not made under the CRA, which applies only to depository institutions. A study released earlier this year by a law firm specializing in CRA compliance estimated that in the 15 most populous metropolitan areas, 84.3 percent of subprime loans in 2006 were made by financial institutions not governed by the CRA. Moreover, Janet Yellen, president and CEO of the Federal Reserve Bank of San Francisco, stated in a March 2008 speech that "studies have shown that the CRA has increased the volume of responsible lending to low- and moderate-income households" [emphasis added].

    In testimony before the House Financial Services Committee, University of Michigan law professor Michael Barr stated:

    Despite the fact that CRA appears to have increased bank and thrift lending in low- and moderate-income communities, such institutions are not the only ones operating in these areas. In fact, with new and lower-cost sources of funding available from the secondary market through securitization, and with advances in financial technology, subprime lending exploded in the late 1990s, reaching over $600 billion and 20% of all originations by 2005. More than half of subprime loans were made by independent mortgage companies not subject to comprehensive federal supervision; another 30 percent of such originations were made by affiliates of banks or thrifts, which are not subject to routine examination or supervision, and the remaining 20 percent were made by banks and thrifts. Although reasonable people can disagree about how to interpret the evidence, my own judgment is that the worst and most widespread abuses occurred in the institutions with the least federal oversight.

    The housing crisis we face today, driven by serious problems in the subprime lending, suggests that our system of home mortgage regulation, including CRA, is seriously deficient. We need to fill what my friend, the late Federal Reserve Board Governor Ned Gramlich aptly termed, "the giant hole in the supervisory safety net." Banks and thrifts are subject to comprehensive federal regulation and supervision; their affiliates far less so; and independent mortgage companies, not at all. Moreover, many market-based systems designed to ensure sound practices in this sector-broker reputational risk, lender oversight of brokers, investor oversight of lenders, rating agency oversight of securitizations, and so on -- simply did not work. Conflicts of interest, lax regulation, and "boom times" covered up the extent of the abuses -- at least for a while, at least for those not directly affected by abusive practices. But no more.

    Others who have advanced this or similar claims include guest Jonathan Hoenig during the September 25 edition of The Radio Factor with Bill O'Reilly, radio host Laura Ingraham during the September 25 edition of Fox News' The O'Reilly Factor, and a September 25 Investor's Business Daily editorial claiming that the CRA "forced banks to make many more subprime loans."

    On the October 9 edition of CNN's Lou Dobbs Tonight, San Diego radio host Roger Hedgecock claimed that "[w]e have a situation where today HUD [the Department of Housing and Urban Development] was talking about 5 million illegal alien home mortgage loans that have gone bad." Radio host Joe Madison responded, "You see, this really angers me, because I'm sitting here ... and wondering, how is it that people who are illegal get loans when people in my community who are legal have a difficulty getting loans, and if they do get them, they're often from predators?" Neither Hedgecock nor Madison cited a source for the purported HUD statistic. On October 9, the Drudge Report linked to an article on the Phoenix radio station KFYI website under the headline, "HUD: Five Million Fraudulent Mortgages Held by Illegals..." However, according to an October 9 Phoenix Business Journal article posted at 3:15 pm MT (more than an hour before Lou Dobbs Tonight aired), HUD "says there is no basis to news reports that more than 5 million bad mortgages are held by illegal immigrants" and "a HUD spokesman said ... his agency has no data showing the number of illegal immigrants holding foreclosed or bad mortgages."

    Other media figures advancing the claim that lending to undocumented immigrants is responsible for the mortgage crisis include syndicated columnist Michelle Malkin, who wrote in her September 24 column that "there's one giant paternal elephant in the room that has slipped notice: How illegal immigration, crime-enabling banks, and open-borders Bush policies fueled the mortgage crisis.

    In a September 18 column, Fox News host Bill O'Reilly falsely claimed that Frank "sat by as mortgage brokers Fannie Mae and Freddie Mac made bad loans" and asserted that "[i]nstead of demanding responsible business practices from Fannie and Freddie, Frank continued to pound the table to extend even more credit to 'low income' families." In fact, Frank did not "s[i]t by." Frank's efforts to enhance regulatory oversight on Fannie Mae and Freddie Mac include:

    • In 2005, Frank, then the ranking Democrat on the House Financial Services Committee, worked with committee chairman Rep. Michael Oxley (R-OH) on the Federal Housing Finance Reform Act of 2005, which would have established the Federal Housing Finance Agency (FHFA) to replace the Office of Federal Housing Enterprise Oversight (OFHEO) as overseer of the activities of Fannie Mae and Freddie Mac. After voting for the bill in committee, Frank voted against final passage of the bill on the House floor, stating that he was doing so because an amendment to the bill on the House floor imposed restrictions on the kinds of nonprofit organizations that could receive funding under the bill.
    • In early 2007, as chairman of the House Financial Services Committee, Frank sponsored H.R. 1427, a bill to create the FHFA, granting that agency "general supervisory and regulatory authority over" Fannie Mae and Freddie Mac, and directing it to reform the companies' business practices and regulate their exposure to credit and market risk. Among other things, Frank's legislation, titled the "Federal Housing Finance Reform Act of 2007," directed the FHFA director to "ensure" that Fannie Mae and Freddie Mac "operate[] in a safe and sound manner, including maintenance of adequate capital and internal controls" and to establish standards for "management of credit and counterparty risk" and "management of market risk." The FHFA was eventually created after Congress incorporated provisions that House Speaker Nancy Pelosi (D-CA) said were "similar" to those of H.R. 1427 into the Housing and Economic Recovery Act of 2008, which the president signed into law on July 30.

    Some in the conservative media have taken the charge further, suggesting that in the 1990s, Frank allowed his relationship with Fannie Mae executive Herb Moses to affect his responsibility as a senior member of the House Financial Services Committee to conduct oversight over Fannie Mae. For example, in an October 3 article, Fox News deputy Washington Managing editor Bill Sammon asserted, in a charge he later echoed on Fox News' The O'Reilly Factor, "Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank's efforts to deregulate Fannie Mae throughout the 1990s. So did Frank's partner, a Fannie Mae executive at the forefront of the agency's push to relax lending restrictions."

    In his article, however, Sammon cited only two sources: an anonymous Republican congressional staffer and Dan Gainor, who, Sammon did not note, is an employee of the conservative Media Research Center. Moreover, Sammon misrepresented Frank's record by reporting in his article that Frank "spent years blocking GOP lawmakers from imposing tougher regulations" on Fannie Mae and Freddie Mac. Sammon did not note in his article or during an October 6 appearance on The O'Reilly Factor that in the early 1990s, while Frank's Democratic Party still held the majority in Congress, and while Moses was at Fannie Mae, Frank supported bills to increase regulation of Fannie Mae and create a government regulatory agency that would supervise and have authority over some aspects of the company:

    • On September 30, 1991, Frank voted for a bill to create a new regulatory agency to oversee Fannie and Freddie that would have "[r]equire[d] the [agency's] Director to establish by regulation a risk-based capital test for the enterprises," "[r]equire[d] the Director to establish risk-based capital levels for each enterprise according to statutory guidelines," "[e]stablishe[d] minimum capital levels, critical capital levels, and enforcement levels," and "[s]et[] forth mandatory supervisory actions for the enterprises at various capital levels, including mandatory conservatorship."
    • In October 1992, Frank voted for the Housing and Community Development Act of 1992, creating OFHEO, which was tasked with "ensur[ing] that Fannie Mae and Freddie Mac (the enterprises) and their affiliates are adequately capitalized and operating safely." As with the bill Frank voted for in September 1991, the new law gave OFHEO authority to set, monitor, and enforce risk-based capital requirements for Fannie and Freddie.

    Neal Boortz also advanced this claim about Frank and his former partner during the October 8 edition of his nationally syndicated radio show. On October 8, The Wall Street Journal reported that "[a] conservative political organization will begin airing nationwide TV advertisements Wednesday that criticize congressional Democrats for their ties to mortgage giants Freddie Mac and Fannie Mae."

    In a September 19 Huffington Post blog post, Center for American Progress senior fellow David Abramowitz wrote:

    "There must be a Republican playbook circulating widely with a chapter entitled, 'What to say if asked who's to blame for the foreclosure mess.' Because an awful lot of Republican candidates are all suddenly yelling 'Fannie Mae, Fannie Mae, Fannie Mae' whenever plunging home prices and the housing crisis comes up. [...] So their plan seems to be to chant Fannie Mae often and loudly enough, and hope the public will get confused about who really caused this huge national calamity. It is always a good political story to just blame a bad guy who has something to do with the same topic.

    Indeed, during the September 24 edition of Fox News' Special Report, host Brit Hume said, "Many financial analysts are saying that if mortgage giants Fannie Mae and Freddie Mac had been effectively regulated years ago, the supercharged subprime mortgage meltdown that led to the current financial mess would either never have happened or would have been nowhere near as severe." But rebutting the suggestion that the subprime mortgage purchasing activities of Fannie Mae and Freddie Mac caused the "current financial mess," economist Dean Baker recently stated:

    Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector. They lost market share in the years 2002-2007, as the volume of private issue mortgage backed securities exploded. In short, while Fannie and Freddie were completely irresponsible in their lending practices, the claim that they were responsible for the financial disaster is absurd on its face -- kind of like the claim that the earth is flat.

    Indeed, in a 2006 Securities and Exchange Commission filing (available here) covering its activities in 2004, Fannie Mae stated: "We did not participate in large amounts of these non-traditional mortgages in 2004 and 2005." In the report, Fannie Mae also noted the growth of subprime lending and reported, "These trends and our decision not to participate in large amounts of these non-traditional mortgages contributed to a significant loss in our share of new single-family mortgage-related securities issuances to private-label issuers during this period."

    Gross wrote in Slate that Fannie Mae and Freddie Mac were an "integral part" of a "culture of stupid, reckless lending." But, he wrote, they are not the primary culprits in the current financial crisis. He wrote:

    Investment banks created a demand for subprime loans because they saw it as a new asset class that they could dominate. They made subprime loans for the same reason they made other loans: They could get paid for making the loans, for turning them into securities, and for trading them-frequently using borrowed capital.

    As an example, he noted that the following happened during testimony by Lehman Brothers CEO Richard Fuld before the House Committee on Oversight and Government Reform:

    At Monday's hearing, Rep. John Mica, R-Fla., gamely tried to pin Lehman's demise on Fannie and Freddie. After comparing Lehman's small political contributions with Fannie and Freddie's much larger ones, Mica asked Fuld what role Fannie and Freddie's failure played in Lehman's demise. Fuld's response: "De minimis."

    From Fuld's testimony:

    MICA: And one of your big com -- well, one of the big packagers, or the competitor, so to speak, was Fannie Mae, which was deep into this. And you were -- you were dealing in some of the paper, I think, for secondary markets and other securitized mortgage paper, to basically package it and make money off it. Is that right?

    FULD: Yes, sir.

    MICA: What was Lehman Brothers' exposure to the debt of Fannie Mae and Freddie Mac, and what role did their collapse play in precipitating some of your financial troubles?

    FULD: Our --

    MICA: It didn't matter or you --

    FULD: Our exposure to both Fannie Mae and Freddie Mac was de minimis, sir.

    In articles about the presidential candidates' responses to the economic crisis, the Associated Press, the Milwaukee Journal Sentinel, the San Francisco Chronicle, and The Washington Post reported that the McCain campaign criticized Sen. Barack Obama for, in the words of McCain spokesman Tucker Bounds, "his ties to spiraling lenders like Fannie Mae, Freddie Mac and their jet-set CEOs." But those articles did not note that several senior McCain campaign aides have served as lobbyists for Fannie Mae, Freddie Mac, or both. According to a Media Matters for America search of the Senate Office of Public Records' Lobbying Disclosure Act Database, they include:

    • Political adviser Charlie Black, who lobbied for Freddie Mac from 1999 to 2004;
    • National finance co-chairman Wayne Berman, who lobbied for Fannie Mae from 2004 to 2008 and for Freddie Mac in 2004;
    • Congressional liaison John Green, who lobbied for Fannie Mae from 2004 to 2007 and for Freddie Mac in 2003;
    • Arthur Culvahouse, who reportedly headed McCain's vice-presidential search team, lobbied for Fannie Mae in 1999, 2003, and 2004; and
    • William E. Timmons Sr., who reportedly "has been tapped by the McCain campaign to conduct a study in preparation for the presidential transition," lobbied for Freddie Mac from 2000 to 2008.

    Additionally, several media outlets have reported that McCain campaign manager Rick Davis previously served as president of the Homeownership Alliance, a Washington-based advocacy group whose founding members included Fannie Mae and Freddie Mac, which Media Matters has noted.

    On the September 29 edition of CNN's Lou Dobbs Tonight, host Lou Dobbs claimed: "ACORN [Association of Community Organizations for Reform Now] stands to reap hundreds of millions of dollars from a government bailout of Wall Street." Dobbs added later: "This is a straightforward deal for ACORN and other groups, left-wing groups, set up by the Democratic leadership of Congress. They're not interested in the bailout per se. They want to spread this out, and many people believe that this bailout in part is dear to the Democratic leadership because they want to advance a social agenda here as much as much as an economic bailout of Wall Street." Numerous other media figures also reported the false claim that Democrats were trying to steer money to ACORN. In fact, neither the draft proposal nor the final version of the bill contained any language mentioning ACORN. Those making the false claim were misrepresenting a provision -- since removed -- that would have directed 20 percent of any profits realized on troubled assets purchased under the plan into two previously established funds: the Housing Trust Fund and the Capital Magnet Fund, which, under the law authorizing them, distribute funds through state block grants and through competitive application processes, respectively.

    On the October 9 edition of Fox News' Hannity & Colmes, Wall Street Journal columnist John Fund similarly made the false claim that ACORN "almost got a slush fund in the housing bailout bill a few weeks ago."

    In a September 30 post on Time.com's Swampland blog, Washington bureau chief Jay Carney claimed that comments former President Bill Clinton made during a September 25 interview on ABC's Good Morning America that were subsequently featured in a McCain campaign ad "could undercut Democratic arguments that Bush and the Republicans are primarily responsible" for the financial crisis. During that interview, Clinton said, "I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president to put some standards and tighten up a little on Fannie Mae and Freddie Mac." But in reporting on the ad, Carney failed to point out that in the very same interview, Clinton also said, "I think the biggest mistake, by the way, that contributed to the current circumstance that almost nobody talks about, is the repeal after decades of something called the uptick rule, which allowed the hedge funds, heavily leveraged, and others to just drive down the market without any kind of automatic stoppers." In a separate interview aired that day with Matt Lauer, co-host of NBC's Today, Clinton stated of the financial situation: "[T]his thing really took off when the SEC, under this administration, exercised less oversight and they got rid of something called the uptick rule, which enabled betting down on housing stocks to go crazy."

    The uptick rule, which was created in 1938, was a securities trading rule that regulated market short selling, the act of selling a stock that an investor does not own (but borrows from a broker or someone else) in anticipation that the stock's price will decrease. After a June 13, 2007, decision that became effective July 3, 2007, the SEC issued a final rule that repealed the uptick rule.

    From C-SPAN's October 6 coverage of the House Oversight Reform Committee:

    MICA: Again, you -- when you opened your statement, you said that Lehman Brothers -- and it was around for what, 150 years -- dealt in some pretty hard assets and some secure investments. You've been around a while. What turned the corner for you to get into some of the more speculative ventures, like subprime and some of the other, again, riskier investments?

    FULD: As I said in my verbal testimony, our participation in the mortgage-related businesses was clearly a natural for us, given our dominance in fixed income. That was something that went back a number of years.

    And even as I listened, as I say, to the panel before me, they correctly pointed out that this was a goal of the government to provide funding and mortgages to a number of people that typically would not or could not have received a mortgage.

    MICA: And one of your big com -- well, one of the big packagers, or the competitor, so to speak, was Fannie Mae, which was deep into this. And you were -- you were dealing in some of the paper, I think, for secondary markets and other securitized mortgage paper, to basically package it and make money off it. Is that right?

    FULD: Yes, sir.

    MICA: What was Lehman Brothers' exposure to the debt of Fannie Mae and Freddie Mac, and what role did their collapse play in precipitating some of your financial troubles?

    FULD: Our --

    MICA: It didn't matter or you --

    FULD: Our exposure to both Fannie Mae and Freddie Mac was de minimis, sir.

    MICA: OK, but their collapse -- did that help precipitate any problems with your firm?

    FULD: It certainly set the stage for an environment, as I talked about loss of confidence and credit-crisis mentality that permeated our market, clearly set the stage for investors losing confidence, counterparties asking for additional collateral, and clearly an environment that lost liquidity --

    MICA: I notice you --

    FULD : -- which is the lifeblood of the capital market system.

    —J.H.

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