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Dewey Wins: Both Fox and CNN reported, incorrectly, that the Affordable Care Act had been declared unconstitutional. Trust, but verify.
Sleep On It: Over 200,000 public school students are homeless, sleeping in shelters.
Another Brick In The Wall: Joining
the hottest spring on record and the current central US heat wave and
the growing drought in the middle of the country, scientists point out
that more frequent and larger wildfires are also predicted by the
climate change theorists. It is, they say, “what global warming really
Things That Are Not Crime: This week we learned that taking customer money to pay your taxes is
not a crime. Manipulating the prices of stocks and bonds is not a
crime, and that manipulating LIBOR, the world's key interest rate, is
not a crime. But then, not a single bank that enabled Madoff's Ponzi
scheme (and should have known he was bent) has given a single client a
single cent, nor have Madoff's “consolidators” been jailed. Nor have any
Wall Streeters taken a perp walk for mortgage-related securities fraud.
And certainly several gentlemen involved in various parts of the
MFGlobal affair should be on extended vacations... We are a nation of
laws, unenforced laws.
Unclear On The Concept:
Rand Paul (Clueless-KY) says that just because the Supreme Court rules a
law to be constitutional does not mean that the law is constitutional.
Friday: Ugly GDP, Chicago PMI, Consumer Sentiment - From Matthew Graham at Mortgage News Daily: Mortgage Rates Microscopically Lower Mortgage rates barely budged today. Those that budged moved almost imperc...
13 hours ago