Sarah Palin
Wouldn’t Know The Truth Or A Fact
Even It They Walked Up And Handed Them To Her
In D.C., few evade blame for financial crisis
Congress had a big hand in oversight failures and deregulation, in part through a philosophy of reducing government’s role. Rep. Waxman begins hearings today.
By Tom Hamburger, Los Angeles Times Staff Writer
October 6, 2008WASHINGTON — When Congress voted last week to bail out Wall Street banks and investment houses, members were also indirectly voting to repair damage lawmakers themselves had caused during a decades-long era of deregulation.
As the blame game moves into high gear in Washington, there seem to be few winners. Already under scrutiny are lawmakers from both political parties, Presidents George W. Bush, Bill Clinton and their predecessors, and record amounts of money funneled to Congress from Wall Street and the two government-backed mortgage giants, Fannie Mae and Freddie Mac.
Asian markets plunge on fears crisis is spreading
By ALEX KENNEDY, Associated Press Writer
SINGAPORE – Asian stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears of a global financial crisis that would depress world economic growth.
As the financial turmoil deepened in Europe, Germany on Sunday announced a bailout package totaling 50 billion euros ($69 billion) for Hypo Real Estate, the country’s second-biggest commercial property lender, after a rescue plan by private lenders fell apart. The move was part of a scramble by European governments to save failing banks.
USA
Registration Gains Favor Democrats
Voter Rolls Swelling in Key States
By Alec MacGillis and Alice Crites
Washington Post Staff Writers
Monday, October 6, 2008; Page A01
As the deadline for voter registration arrives today in many states, Sen. Barack Obama’s campaign is poised to benefit from a wave of newcomers to the rolls in key states in numbers that far outweigh any gains made by Republicans.
In the past year, the rolls have expanded by about 4 million voters in a dozen key states — 11 Obama targets that were carried by George W. Bush in 2004 (Ohio, Florida, Georgia, North Carolina, Virginia, Indiana, Missouri, Colorado, Iowa, Nevada and New Mexico) plus Pennsylvania, the largest state carried by Sen. John F. Kerry that Sen. John McCain is targeting.
