How we got into the housing mess

On May 15, 2010, in a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fannie Mae and Freddie Mac, Senator Bob Corker (R-Tenn.) proposed that borrowers be required to make a 5% down payment in order to qualify.

His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained, "passage of such a requirement would restrict home ownership to only those who can afford it."

Exactly how did we get into the housing mess Senator Chris Dodd?

How we got into the housing mess

A Sternly Worded Letter Might be Next!

The U.N. imposed new "sanctions" on Iran today.  Read here:

A Sternly Worded Letter Might be Next!

Bernanke Warns Congress

When Ben Bernanke talks the markets listen.  Congress rarely listens because members are usually thinking about what they are going to SAY.  The fed chairman spoke extensively on Capitol Hill today.  Read the recap here:

Bernanke Warns Congress

Stephen Strasburg Dazzles in Debut

Heralded rookie pitcher Stephen Strasburg did not disappoint in his major league debut in Washington D.C. Read all about the game here:

Stephen Strasburg Dazzles in Debut

Ben Bernanke Heads to Capitol Hill

Federal Reserve Chairman Ben Bernanke heads for Capitol Hill today to testify. He is widely expected to warn Congress that if federal spending is not reigned in, America will simply head farther down the same path of self destruction that is now plaguing many countries in Europe. Humorists have joked that there are unconfirmed rumors that several domestic public sector unions are considering a strike as a protest to Bernanke's warnings.

Ben Bernanke Heads to Capitol Hill

Heath Haussamen: Lujan's Power is Fading

NMPolitics.net offers well informed observations on the slowly fading power base of New Mexico House Speaker Ben Lujan.  Read Haussamen's intriguing comments here:

Heath Haussamen: Lujan's Power is Fading

Walter Williams: A Review of Obama

Columnist Walter Williams reviews the ideas of President Obama.  Read here:

Walter Williams: A Review of Obama

Denish Attacks Martinez in New TV Ad

It is a basic fact of the lawyer-dominated system we live under that DUI defendants that hire lawyers, are much likely, through threats of expensive court battles, to extract plea bargain agreements. District Attorneys in every jurisdiction in the state are responsible for managing budgets and fighting the DUI problem intelligently.  Accordingly we find it quite ironic that the Diane Denish campaign, which is funded in great part by 453 different lawyers and lobbyists, some who undoubtedly negotiate on behalf of DUI defendants, is running television ads talking about the scourge of plea bargain agreements on DUI cases by Martinez.  Read more here:

Denish Attacks Martinez in New TV Ad

Armstrong Williams: Wages & Border Security

Columnist Armstrong Williams weighs in on the issues of the day.  Read his ideas here:

Armstrong Williams: Wages & Border Security

Blanche Lincoln Bashes "D.C." Unions

Senator Blanche Lincoln beat back the challenge of SEIU and Moveon.org financed challenger Bill Halter yesterday to win the Democratic runoff in Arkansas. In her victory speech, Lincoln took some hard shots at some of the Washington D.C. based labor unions that tried to unseat her.  News New Mexico will be taking a look to see if any of those same groups are operating in our state.  Read the recap of Lincoln's victory and other election results around the country here:

Blanche Lincoln Bashes "D.C." Unions

New Faces to Choose From in November

The GOP seems to be getting in touch with its feminine side.  Survey the results of yesterday's primary results here:

New Faces to Choose From in November

Castro: Arizona Brutally Violates Human Rights

Cuban born columnist Humberto Fontova explains why serial tyrant and mass executioner Fidel Castro is bashing Arizona's new border security law. Learn what Castro has in common with domestic opponents of Arizona Senate Bill 1070 here:

Castro: Arizona Brutally Violates Human Rights

Harry Jackson Jr. - "Race-based Poltics"

Columnist Harry Jackson Jr discusses "race-based politics." He explains how Jesse Jackson tries to define "ALL" real black men. Read his latest column here:

Harry Jackson Jr. - "Race-based Poltics"

Marvin Menzies is Pleased

Plenty of very good news for the NMSU basketball program this week. Read here:

Marvin Menzies is Pleased

Martinez Visits Cities All Over New Mexico

Despite becoming the target of negative television advertising within hours of her primary victory earier this month, Las Crucen Susana Martinez plans to stick to the issues. She is travelling all over the state on her "Take Back New Mexico Tour."  Read more here:

Martinez Visits Cities All Over New Mexico