Aug 25, 2008 | 7:44 AM
Category:
News
The Greatest Bailout of All Time
We are now witnessing a rapid-fire 1-2-3 chain reaction of events that's leading to the greatest government bailout of all time ...
Event #1. In the mortgage market, where this crisis first erupted, nearly half of all subprime loans issued in 2006 are now delinquent ... late payments on mid-quality "Alt-A" mortgages have soared 41.5% ... and delinquencies on prime jumbo mortgages are up a staggering 55.2% in the past 6 months.
Event #2. At Fannie Mae and Freddie Mac, responsible for over half of the nation's massive mortgage market, losses are mounting so quickly — and so obviously — that even their supposedly "safer" preferred shares are crashing in value.
Event #3. At financial institutions across the country, these devastating losses in Fannie and Freddie paper are ripping through balance sheets like an F-5 tornado. That includes:
Sovereign Bank, the third largest savings and loan in the United States.
Hundreds of other banks and thrifts.
Countless U.S. brokerage firms, life and health insurers, property and casualty insurers.
Major financial institutions overseas.
All assumed these shares were safe. All believed they were getting something akin to a government-guaranteed investment. All could be severely disappointed when they discover the truth.
Why a Federal Bailout Is Both Inevitable and Imminent ...
Last week, we heard a feverish crescendo of denials: At Fannie and Freddie, high-ranking company officials vehemently denied they were asking for a government bailout. At the Treasury Department, officials vehemently denied they were providing one. And everywhere, the more they denied, the more it was obvious that a bailout was both inevitable and imminent.
The big dilemma: In any federal bailout of this nature, if the government uses taxpayer dollars to support the value of high-ranking securities (like bonds), it simultaneously destroys the remaining value of the lowest-ranking securities (like common and preferred shares).
Right now, banks stuck with Fannie and Freddie preferred shares are hoping for a miracle. Since government regulators encouraged them to buy the Fannie and Freddie preferred shares in the first place, they're praying they will get some consideration.
The Catch-22 Question: Where Does The Federal Government Draw The Line?
What about Ford, GM and Chrysler?
Think a government bailout for Detroit is far-fetched? The auto executives certainly don't. In fact, just this past Friday, the Wall Street Journal reported that lobbyists for Detroit's Big Three were crowding into the offices of White House officials, U.S. Rep. John Dingell and other Michigan Democrats, giving them a heads up on a bailout proposal to be unveiled after Labor Day.
They want $25 billion in loans. They want to get the money for a cut-rate interest of just 4.5%, one-third what they're now paying. They even want the option to defer any and all payments for up to five years.
With their fortunes sinking fast, and with the nation's major brokers and mortgage lenders already needing handouts, Ford, GM and Chrysler have apparently decided to stake out their place on Uncle Sam's bread line before it gets too much longer.
What about the nation's airlines seeking to make an emergency crash landing?
What about the thousands of local governments that could soon be forced to cut essential services like waste collection or even homeland security?
What about brokers like Lehman Brothers, now scrambling for a foreign white knight to come to its rescue?
What about the big banks we told you about in The "X" List?
Like Fannie and Freddie, each and every one will make the argument that they're critical to the health of the economy and even national defense. All will want cash, loan guarantees, or direct capital injections.
Where will the government draw the line? How will it justify bailouts for some "absolutely essential" private companies but not others?
The answer, my friend, will surprise you.Even with a Government Rescue, Fannie and Freddie Bond Investors Are STILL in Grave Jeopardy Because ...
1. The quantities of Fannie and Freddie bonds outstanding and needing government support are so massive.
2. These agency- and GSE-backed debts are held so widely around the world, no one in government can control who dumps what, how much, or when.
All it takes is for these investors to liquidate 10% of their holdings and the avalanche of supplies on the market would sink their value regardless of the government's efforts to shore up confidence in Fannie and Freddie.
U.S. Commercial banks hold $1 trillion.Insurance companies own another $518 billion. Broker and dealers own $268 billion. Foreign investors hold a whopping $1.5 trillion!
3. Federal bailouts will sink the wobbly market for U.S. Treasury bonds.When private companies are failing, investors rush to the safety of the U.S. Treasury securities. But when the Treasury throws their money into failing companies, investors rush the other way.
Result: To the degree that the government bails out Fannie, Freddie, Detroit, Wall Street, or anyone else, investors in Treasury securities will rebel, dump their own holdings and drive the value of Treasury bonds into a tailspin like none other in history.
And here again, the quantities outstanding are massive ($5.3 trillion) ... the ownership worldwide is far-flung (including nearly half overseas) ... and the ability of the government to control the market, virtually nil.
So, yes, right now, the U.S. Treasury may come to the rescue of Fannie Mae and Freddie Mac debt holders, and these investors will rejoice.
But ultimately, in order to avoid a collapse in U.S. Treasury bonds themselves, the U.S. government will have to
Draw a line in the sand beyond which no more government rescues will be possible.
Let some of America's largest banks, brokers and other companies fail, liquidate their assets, and fade into history ...
Even abandon prior rescue efforts for the sake of saving the one institution it must keep solvent and liquid at all costs: The United States Government itself.
http://www.moneyandmarkets.com/Issues.aspx?Newslett
erEntryId=2125
Aug 25, 2008 | 7:36 AM
Category:
News
The Greatest Bailout of All Time
We are now witnessing a rapid-fire 1-2-3 chain reaction of events that's leading to the greatest government bailout of all time ...
Event #1. In the mortgage market, where this crisis first erupted, nearly half of all subprime loans issued in 2006 are now delinquent ... late payments on mid-quality "Alt-A" mortgages have soared 41.5% ... and delinquencies on prime jumbo mortgages are up a staggering 55.2% in the past 6 months.
Event #2. At Fannie Mae and Freddie Mac, responsible for over half of the nation's massive mortgage market, losses are mounting so quickly — and so obviously — that even their supposedly "safer" preferred shares are crashing in value.
Event #3. At financial institutions across the country, these devastating losses in Fannie and Freddie paper are ripping through balance sheets like an F-5 tornado. That includes:
Sovereign Bank, the third largest savings and loan in the United States.
Hundreds of other banks and thrifts.
Countless U.S. brokerage firms, life and health insurers, property and casualty insurers.
Major financial institutions overseas.
All assumed these shares were safe. All believed they were getting something akin to a government-guaranteed investment. All could be severely disappointed when they discover the truth.
Why a Federal Bailout Is Both Inevitable and Imminent ...
Last week, we heard a feverish crescendo of denials: At Fannie and Freddie, high-ranking company officials vehemently denied they were asking for a government bailout. At the Treasury Department, officials vehemently denied they were providing one. And everywhere, the more they denied, the more it was obvious that a bailout was both inevitable and imminent.
The big dilemma: In any federal bailout of this nature, if the government uses taxpayer dollars to support the value of high-ranking securities (like bonds), it simultaneously destroys the remaining value of the lowest-ranking securities (like common and preferred shares).
Right now, banks stuck with Fannie and Freddie preferred shares are hoping for a miracle. Since government regulators encouraged them to buy the Fannie and Freddie preferred shares in the first place, they're praying they will get some consideration.
The Catch-22 Question: Where Does The Federal Government Draw The Line?
What about Ford, GM and Chrysler?
Think a government bailout for Detroit is far-fetched? The auto executives certainly don't. In fact, just this past Friday, the Wall Street Journal reported that lobbyists for Detroit's Big Three were crowding into the offices of White House officials, U.S. Rep. John Dingell and other Michigan Democrats, giving them a heads up on a bailout proposal to be unveiled after Labor Day.
They want $25 billion in loans. They want to get the money for a cut-rate interest of just 4.5%, one-third what they're now paying. They even want the option to defer any and all payments for up to five years.
With their fortunes sinking fast, and with the nation's major brokers and mortgage lenders already needing handouts, Ford, GM and Chrysler have apparently decided to stake out their place on Uncle Sam's bread line before it gets too much longer.
What about the nation's airlines seeking to make an emergency crash landing?
What about the thousands of local governments that could soon be forced to cut essential services like waste collection or even homeland security?
What about brokers like Lehman Brothers, now scrambling for a foreign white knight to come to its rescue?
What about the big banks we told you about in The "X" List?
Like Fannie and Freddie, each and every one will make the argument that they're critical to the health of the economy and even national defense. All will want cash, loan guarantees, or direct capital injections.
Where will the government draw the line? How will it justify bailouts for some "absolutely essential" private companies but not others?
The answer, my friend, will surprise you.Even with a Government Rescue, Fannie and Freddie Bond Investors Are STILL in Grave Jeopardy Because ...
1. The quantities of Fannie and Freddie bonds outstanding and needing government support are so massive.
2. These agency- and GSE-backed debts are held so widely around the world, no one in government can control who dumps what, how much, or when.
All it takes is for these investors to liquidate 10% of their holdings and the avalanche of supplies on the market would sink their value regardless of the government's efforts to shore up confidence in Fannie and Freddie.
U.S. Commercial banks hold $1 trillion.Insurance companies own another $518 billion. Broker and dealers own $268 billion. Foreign investors hold a whopping $1.5 trillion!
3. Federal bailouts will sink the wobbly market for U.S. Treasury bonds.When private companies are failing, investors rush to the safety of the U.S. Treasury securities. But when the Treasury throws their money into failing companies, investors rush the other way.
Result: To the degree that the government bails out Fannie, Freddie, Detroit, Wall Street, or anyone else, investors in Treasury securities will rebel, dump their own holdings and drive the value of Treasury bonds into a tailspin like none other in history.
And here again, the quantities outstanding are massive ($5.3 trillion) ... the ownership worldwide is far-flung (including nearly half overseas) ... and the ability of the government to control the market, virtually nil.
So, yes, right now, the U.S. Treasury may come to the rescue of Fannie Mae and Freddie Mac debt holders, and these investors will rejoice.
But ultimately, in order to avoid a collapse in U.S. Treasury bonds themselves, the U.S. government will have to
Draw a line in the sand beyond which no more government rescues will be possible.
Let some of America's largest banks, brokers and other companies fail, liquidate their assets, and fade into history ...
Even abandon prior rescue efforts for the sake of saving the one institution it must keep solvent and liquid at all costs: The United States Government itself.
http://www.moneyandmarkets.com/Issues.aspx?Newslett
erEntryId=2125
Aug 24, 2008 | 2:04 PM
Category:
News
“Sen. McCain will bring a time of experience to the campaign. I will bring a lifetime of experience and Senator Obama will bring a speech he gave in 2002. I think that is a significant difference,” Clinton .
“You were asked is he ready. You said ‘I think he can be ready, but right now I don’t believe he is. The presidency is not something that lends itself to on-the-job training,’” says Stephanopoulos, to which Biden responds: “I think that I stand by the statement.”
“Rhetoric is not enough. High flatulent language is not enough,” John Edwards
"His temper would place this country at risk in international affairs, and the world perhaps in danger. In my mind, that should disqualify him." - Former Senator Bob Smith, R-NH
"The thought of his being president sends a cold chill down my spine. He is erratic." - Senator Thad Cochran, R-MS
"I decided I didn't want this guy anywhere near a trigger." - Senator Pete Domenici, R-NM
"There's nothing redeeming about John McCain...he's a hypocrite." - Former House GOP Whip Tom DeLay
"What happens if he gets angry in crisis in the presidency? It's the president's job to negotiate and stay calm. I just don't see that he has that quality." - Former Arizona GOP Chairman John Hinz
"John McCain is Bob Dole minus the charm, conservatism, and youth. Unlike McCain, Dole didn't lie all the time while claiming to engage in 'straight talk.'" - Conservative blowhard Ann Coulter
"Hardheaded is one way to say it. Arrogant is another way to say it. Hubristic is another way to say it. Too proud for his own good is another way to say it. It's a quality about him that disturbs me." - Larry Wilkerson, former chief aide to Colin Powell
Aug 24, 2008 | 2:05 PM
Category:
News
“Sen. McCain will bring a time of experience to the campaign. I will bring a lifetime of experience and Senator Obama will bring a speech he gave in 2002. I think that is a significant difference,” Clinton .
“You were asked is he ready. You said ‘I think he can be ready, but right now I don’t believe he is. The presidency is not something that lends itself to on-the-job training,’” says Stephanopoulos, to which Biden responds: “I think that I stand by the statement.”
“Rhetoric is not enough. High flatulent language is not enough,” John Edwards
"His temper would place this country at risk in international affairs, and the world perhaps in danger. In my mind, that should disqualify him." - Former Senator Bob Smith, R-NH
"The thought of his being president sends a cold chill down my spine. He is erratic." - Senator Thad Cochran, R-MS
"I decided I didn't want this guy anywhere near a trigger." - Senator Pete Domenici, R-NM
"There's nothing redeeming about John McCain...he's a hypocrite." - Former House GOP Whip Tom DeLay
"What happens if he gets angry in crisis in the presidency? It's the president's job to negotiate and stay calm. I just don't see that he has that quality." - Former Arizona GOP Chairman John Hinz
"John McCain is Bob Dole minus the charm, conservatism, and youth. Unlike McCain, Dole didn't lie all the time while claiming to engage in 'straight talk.'" - Conservative blowhard Ann Coulter
"Hardheaded is one way to say it. Arrogant is another way to say it. Hubristic is another way to say it. Too proud for his own good is another way to say it. It's a quality about him that disturbs me." - Larry Wilkerson, former chief aide to Colin Powell
Aug 23, 2008 | 12:21 PM
Category:
News
PLEASE NOTE: Even though the title is in large bold letters & the body begins with stating where the article originated, since at least one individual doesn’t have the capacity to comprehend the obvious, the following is from a news article.
Kansas Bank Is 9th Shut Down This Year
WASHINGTON (Aug. 22) - Federal regulators on Friday shut down Kansas bank Columbian Bank and Trust Company.
It was the ninth failure this year of an FDIC-insured bank.
That compares with three failures in all of 2007. More banks are in danger of failing this year, agency officials have said.
FDIC Chairman Sheila Bair said recently she expects turbulence in the banking industry to continue well into next year, and more banks to appear on the agency's internal list of troubled institutions.
Aug 23, 2008 | 12:23 PM
Category:
News
PLEASE NOTE: Even though the title is in large bold letters & the body begins with stating where the article originated, since at least one individual doesn’t have the capacity to comprehend the obvious, the following is from a news article.
Kansas Bank Is 9th Shut Down This Year
WASHINGTON (Aug. 22) - Federal regulators on Friday shut down Kansas bank Columbian Bank and Trust Company.
It was the ninth failure this year of an FDIC-insured bank.
That compares with three failures in all of 2007. More banks are in danger of failing this year, agency officials have said.
FDIC Chairman Sheila Bair said recently she expects turbulence in the banking industry to continue well into next year, and more banks to appear on the agency's internal list of troubled institutions.
Aug 22, 2008 | 11:53 AM
Category:
News
Korean Bank Eyes Struggling Lehman
Reuters
SEOUL (Aug. 22) - State-run Korea Development Bank said on Friday Lehman Brothers was one of its options for acquisitions, reviving expectations that the U.S. investment bank might still bring in a large investor.
The news comes after a newspaper reported on Thursday that Lehman sought to sell up to a 50 percent stake to China's biggest brokerage, CITIC Securities, or Korea Development Bank but the two Asian companies walked away after deciding the asking price was too high.
The Chosun Ilbo daily cited government and industry sources as saying that Lehman had first contacted Korea Investment Corp, a sovereign wealth fund, among South Korean investors as part of a fund-raising drive.
"Financially, KDB will not have a problem buying a majority stake in Lehman, as the U.S. bank's market cap has fallen sharply over the months," said Park Jung-hyun, an analyst at Hanwha Securities in Seoul.
"The problems, however, are legal and regulatory issues. I am not so sure if the U.S. government will easily allow a foreign bank to purchase a significant stake in one of its key financial institutions."
Aug 22, 2008 | 11:55 AM
Category:
News
Korean Bank Eyes Struggling Lehman
Reuters
SEOUL (Aug. 22) - State-run Korea Development Bank said on Friday Lehman Brothers was one of its options for acquisitions, reviving expectations that the U.S. investment bank might still bring in a large investor.
The news comes after a newspaper reported on Thursday that Lehman sought to sell up to a 50 percent stake to China's biggest brokerage, CITIC Securities, or Korea Development Bank but the two Asian companies walked away after deciding the asking price was too high.
The Chosun Ilbo daily cited government and industry sources as saying that Lehman had first contacted Korea Investment Corp, a sovereign wealth fund, among South Korean investors as part of a fund-raising drive.
"Financially, KDB will not have a problem buying a majority stake in Lehman, as the U.S. bank's market cap has fallen sharply over the months," said Park Jung-hyun, an analyst at Hanwha Securities in Seoul.
"The problems, however, are legal and regulatory issues. I am not so sure if the U.S. government will easily allow a foreign bank to purchase a significant stake in one of its key financial institutions."
Aug 21, 2008 | 10:22 AM
Category:
News
Leading economic indicators fell sharply in July
NEW YORK -A private business group's measure of the economy's health showed the largest drop in one year as stocks fell, new building permits declined and unemployment rose.
The New York-based Conference Board's said Thursday its monthly forecast of future economic activity fell 0.7 percent in July, far more than the consensus estimate of a 0.2 percent decline by Wall Street economists surveyed by Thomson/IFR.
The last time the index showed a drop this great was last August, when it fell by 1 percent.
Revised June data showed no change to the index, which has slipped 0.9 percent for the six months ending in July.
The decline was the steepest in the index this year. The largest drag on the index was the decline in building permits, followed in order by stock prices, rising unemployment claims, a tightened money supply and falling manufacturers' orders for consumer goods.
Interest rate spreads, consumer expectations and manufacturers' orders for capital goods all contributed to the index.
Aug 21, 2008 | 10:21 AM
Category:
News
Leading economic indicators fell sharply in July
NEW YORK -A private business group's measure of the economy's health showed the largest drop in one year as stocks fell, new building permits declined and unemployment rose.
The New York-based Conference Board's said Thursday its monthly forecast of future economic activity fell 0.7 percent in July, far more than the consensus estimate of a 0.2 percent decline by Wall Street economists surveyed by Thomson/IFR.
The last time the index showed a drop this great was last August, when it fell by 1 percent.
Revised June data showed no change to the index, which has slipped 0.9 percent for the six months ending in July.
The decline was the steepest in the index this year. The largest drag on the index was the decline in building permits, followed in order by stock prices, rising unemployment claims, a tightened money supply and falling manufacturers' orders for consumer goods.
Interest rate spreads, consumer expectations and manufacturers' orders for capital goods all contributed to the index.
Aug 19, 2008 | 11:15 AM
Category:
News
Stocks fall on inflation data, financial worries
08/19/08 11:16 EDT
By MADLEN READ
NEW YORK (AP) - Stocks fell sharply Tuesday after a hefty jump in wholesale inflation and a drop in new home construction gave investors more reasons to believe the economy won't rebound anytime soon.
The Labor Department said its Producer Price Index rose by 1.2 percent in July, more than double the expected rate. The increase means prices have risen in the past 12 months at the fastest pace in 27 years.
"Maybe investors were hoping to shrug off the challenges of high commodity prices and inflation," said Jack A. Ablin, chief investment officer at Harris Private Bank. "But now we find out that perhaps the inflation situation is worse than we thought."
A weak report on new home construction did little to quell investors' worries. The Commerce Department said July housing starts fell to an annual rate of 965,000 units - higher than analysts predicted, but the lowest level in more than 17 years nonetheless.
Tuesday's pair of economic reports indicated not only that the financial sector is struggling to right itself after billions of dollars in credit losses, but also that the rest of the economy is still showing significant signs of stress.
FULL ARTICLE @ http://money.aol.com/marketnews/article
Aug 19, 2008 | 11:13 AM
Category:
News
Stocks fall on inflation data, financial worries
08/19/08 11:16 EDT
By MADLEN READ
NEW YORK (AP) - Stocks fell sharply Tuesday after a hefty jump in wholesale inflation and a drop in new home construction gave investors more reasons to believe the economy won't rebound anytime soon.
The Labor Department said its Producer Price Index rose by 1.2 percent in July, more than double the expected rate. The increase means prices have risen in the past 12 months at the fastest pace in 27 years.
"Maybe investors were hoping to shrug off the challenges of high commodity prices and inflation," said Jack A. Ablin, chief investment officer at Harris Private Bank. "But now we find out that perhaps the inflation situation is worse than we thought."
A weak report on new home construction did little to quell investors' worries. The Commerce Department said July housing starts fell to an annual rate of 965,000 units - higher than analysts predicted, but the lowest level in more than 17 years nonetheless.
Tuesday's pair of economic reports indicated not only that the financial sector is struggling to right itself after billions of dollars in credit losses, but also that the rest of the economy is still showing significant signs of stress.
FULL ARTICLE @ http://money.aol.com/marketnews/article
Aug 17, 2008 | 11:56 AM
Category:
News
How amusing that some on here have minds weak enough to follow exactly what they have been told to follow. Facts are terrible things to the brainwashed.
When facts won't do, out come smears
By Philip Gailey, Editor of Editorials
Published Friday, August 15, 2008 7:46 PM
Character assassination has replaced dirty tricks in presidential politics. It's an ugly and repugnant business that poisons our political dialogue and harms our democracy.
First come the Internet blogs spreading lies and smears, followed by trash-and-destroy books by fringe ideologues repackaging the cyber garbage and adding some of their own.
Less than two weeks before Obama is set to accept the Democratic nomination for president, conservative author Jerome R. Corsi's attack book, The Obama Nation (abomination, get it?) will debut this week as No. 1 on the New York Times bestseller list, largely on the strength of bulk purchases by conservative book clubs. The real abomination is the book itself.
Corsi, by the way, co-authored Unfit for Command. Kerry waited too long to fight back, and by the time most of the allegations were discredited by news organizations, the damage already had been done.
If anything, Corsi's smear of Obama is more scurrilous than his attack on Kerry's honorable military record.
The low point of the book may be Corsi's ugly swipe at Obama's late mother, a white woman from Kansas who first married a man from Kenya and later an Indonesian. He writes that she chose "men of color'' from the "Third World'' to be her "mates,'' and he suggests that Obama identifies more with his "African blood'' than his American roots.
When there are no facts to support his wild allegations, Corsi falls back on accusatory questions. For example, Corsi asks when Obama really stopped using illegal drugs. In his autobiography, Obama admitted experimenting with drugs in his youth until around age 20.
Corsi asks: "Did Obama ever use drugs in his days as a community organizer in Chicago, or when he was a state senator from Illinois? How about in the U.S. Senate?'' He also writes that "Obama has yet to answer questions about whether he ever dealt drugs.''
Why am I even repeating this garbage? It's one way to alert voters. A vote for president should not be based on lies, inaccuracies and smears. Attack books come from both left and right, but few are as vile as Corsi's, one of several anti-Obama books published this summer.
Corsi told the New York Times his candidate for president is not John McCain but Chuck Baldwin, the Constitution Party nominee. At least he admits the obvious — that the purpose of his book is "to keep Obama from getting elected.''
Aug 14, 2008 | 4:24 PM
Category:
News
I’m sure by now most of you have heard the story of Timothy Dale Johnson . Johnson barged into the Arkansas Democratic headquarters Wednesday and fatally shot the state party chairman before speeding off in his pickup. Police later shot and killed the suspect after a 30-mile chase.
Here is a blog by RNC08 on the Orlando board regarding this murder:
Target cover up….
“What did the great American hero Timothy Dale Johnson write on a wall at his place of employment (a target store in Arkansas) that prompted them to fire him , call police but also destroy all evidence before they arrived ? What did this man who is now dead after killing some democrat in the state government that no one cares about and then being shot to death by police have to say that Target did not want anyone to see ?.…”
After I replied “The piece of garbage commited murder. Only a sick SOB piece of garbage would call him an American hero. Get help sicko”
His response (not including his ignorant ramblings about me simply because I’m not brainwashed by a political party like he is) included: “Any one who is willing to give their life to take out a dangerous LIBERAL deserves some respect ...LOL”
My question is this: how many others on this site are mentally deranged enough to think that the murderer of someone with different political views (Republican or Democrat) is an American hero?
Aug 14, 2008 | 4:20 PM
Category:
News
I’m sure by now most of you have heard the story of Timothy Dale Johnson . Johnson barged into the Arkansas Democratic headquarters Wednesday and fatally shot the state party chairman before speeding off in his pickup. Police later shot and killed the suspect after a 30-mile chase.
Here is a blog by RNC08 on the Orlando board regarding this murder:
Target cover up….
“What did the great American hero Timothy Dale Johnson write on a wall at his place of employment (a target store in Arkansas) that prompted them to fire him , call police but also destroy all evidence before they arrived ? What did this man who is now dead after killing some democrat in the state government that no one cares about and then being shot to death by police have to say that Target did not want anyone to see ?.…”
After I replied “The piece of garbage commited murder. Only a sick SOB piece of garbage would call him an American hero. Get help sicko”
His response (not including his ignorant ramblings about me simply because I’m not brainwashed by a political party like he is) included: “Any one who is willing to give their life to take out a dangerous LIBERAL deserves some respect ...LOL”
My question is this: how many others on this site are mentally deranged enough to think that the murderer of someone with different political views (Republican or Democrat) is an American hero?
