Oct 17, 2008

They gotta be kidding me...

AIG is lobbying states to relax recently enacted rules regarding stricter oversight of the mortgage industry.

I shit you not. What do you want to bet they are spending our money to do this. From Reuters:
Insurance giant American International Group Inc is spending money to lobby states to soften new controls on the mortgage industry, the Wall Street Journal said.

When the U.S. government took control of failing mortgage titans Fannie Mae and Freddie Mac, it prohibited them from lobbying. But it hasn't banned the practice at AIG, a huge insurer that is still 20 percent-owned by public shareholders, the Journal said.

State regulators said AIG is working to ease some provisions in a new federal law, passed in July as part of a sweeping housing-industry rescue package, which establishes strict oversight of mortgage originators, the paper said.

Simply fucking amazing m'dear reader...

Today's Photo..er..Graphic..ok, Picture.

It's moving day!!!!!!!!!!!!

I have purchased a domain name. I have been meticulously working on a new site,Leftwing Nutjob. Please change your bookmarks people..this puppy will no longer be updated as of July 1st 2011.