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High Inside Fastball

That’s what the clowns in Congress need. First, Clemens is indicted for lying to a bunch of liars. And about what? About an “illegal” drug that harms no one when used except the user, and for which the use was not explicitly banned by his league at the time.

But the schmucks in Congress get away with slightly more egregious crimes:

The committee was asked to examine Mr. Dodd’s 2003 receipt of two “Friends of Angelo” loans, named for Countrywide CEO Angelo Mozilo, who coincidentally has an October trial date on civil fraud charges brought by the Securities and Exchange Commission. Despite testimony from a Countrywide loan officer that Mr. Dodd received, and knew he was receiving, preferential treatment, the committee found “no substantial credible evidence” that the Connecticut Democrat broke Senate rules.

When the ethics committee let Mr. Dodd walk with a mere admonishment to avoid the appearance of impropriety, the committee noted that it had examined his relationship with the company going back to 1999. But what the committee did not say at the time was that Mr. Dodd had received as many as six VIP loans, including refinancings, from Countrywide Financial, not just the two in 2003 that triggered the investigation.

Brush ’em all back in the dirt.

One Response to “High Inside Fastball”

  1. Harry says:


    Chris got a loan, and my first thought was how come someone at his age had not managed to own his house. Or houses. Even his house in Ireland. Why does someone of his age need a sweetheart mortgage for another forty acres and another three thousand feet of living space?

    The answer is that he is Tom Dodd’s son, a Conneticut Prince Charlie.
    You wisely classified this under Government Gone Wild.

    By the way, I happened to look today for some safe way to park some money for my church.

    Short-term yields are near zero.

    I also read an article that argued that inflation was subdued.

    The third article did make the point that Ben no longer has any arrows in his quiver. The writer said that no longer can the Fed control interest rates.

    But it never could, nor can it. It is a bank, a big bank, but we forget that like other banks, it has no magical power to create wealth out of air.

    I have seen a similar movie in 1977-1982. Bastiat would chuckle over that naive observation.

    From my perspective, everybody is holding cash or something more tangible, awaiting the aftermath of the great inflation to come.

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