Content by Steve Foley

Posted at 7:05pm on Jul. 11, 2008 Breaking News: IndyMac Bank Seized by Federal Regulators

By Steve Foley

The Pasadena-based thrift's failure is second in size only to the 1984 failure of Continental Illinois Bank.

quote]The federal government said it took control of troubled IndyMac Bank today, in what regulators called the second-largest bank failure in U.S. history.

The Office of Thrift Supervision in Washington, the chief regulator of Pasadena-based IndyMac, said it transferred control of the $32-billion bank to the Federal Deposit Insurance Corp.

With all the talk about Fannie and Freddie and more possible bailouts this is devastating news! FDIC will make people whole on $100,000.00 or more and my guess is that everyone will be made whole after all is said and done!

The Dow is down 230 points and most people paying attention this morning saw the writing on the wall and a wholesale bail on IndyMac caused the seizure of the bank this afternoon!

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Posted at 12:41pm on Jul. 11, 2008 The RNC is Looking for Platform Suggestions

By Steve Foley

As the body politic continues its evolution, some things change and some stay the same. One thing that has been more or less relegated to the ash heap of history is the Party Platform. it's a relic of a bygone age when principles and policy stances had meaning and one could glean a fairly accurate sense of the parties motives and direction.

That day, I'm sorry to report, is gone! Not that I think there isn't a place for the party platform, on the contrary, I think over simplified talking points look great on the party's website! I just don't think members, especially elected ones, are paying them much attention anymore!

Well, imagine my surprise as I opened my email this morning to find a letter from the the RNC encouraging me to visit a new website and participate in crafting the platform for the next four years! Did you catch that? The next four years? I wonder if that was intentional? more on that down article.

The site is gopplatform2008.com and is put together by what the RNC is calling the Republican Platform Committee:

Welcome to the most grassroots-driven platform development effort in the history of American politics!

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Posted at 3:53pm on Jul. 10, 2008 I humbly accept the peoples nomination for POTUS

By Steve Foley

After a long hard talk with my wife and 3 kids I'm happy to announce that I will accept the peoples nomination for President of the United States and promise to work, to the best of my abilities, in serving the people of this great nation.

The Steve Foley Phenomenon


I want to thank David Hinz for working so hard for my campaign!


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Posted at 3:46pm on Jun. 27, 2008 Even The Japanese Can't Make Fun of Obama

By Steve Foley

A TV commercial running in Japan for a Mobile phone company was forced (by the blogosphere) to remove their creative effort over accusations that it was a racist reference to Barack Obama.


A Japanese mobile phone firm said today it had pulled a TV advert depicting a monkey as a political candidate amid accusations that it was a racist reference to Barack Obama, who is seeking to become the first black US president.

The ad, for eMobile, shows a monkey in a suit addressing an election rally, surrounded by supporters carrying placards with the word "Change".

The apparent intention is to persuade subscribers to other mobile phone carriers to transfer to eMobile.

But the combination of the monkey, and the resemblance of his message to the theme of Obama's campaign - "Change we can believe in" - prompted bloggers to accuse the company of making a racist slur against the Democratic hopeful.

The company, which stressed it had used the macaque mascot in several other adverts, said it had never intended to insult Obama but had decided to pull the "Change" ad in response to criticism in the blogosphere.

Two points here:

1) It's been perfectly OK to do the same thing to George W Bush for the last 8 years see Here and Here

2) Isn't it the liberals who keep insisting we evolved from monkeys? How is comparing Bush to a monkey and different from comparing Obama to a monkey. Now I'm not naive I know the old stereotype but where does ones mind have to be in order to jump immediately to that conclusion???

H/T to JammieWearingFool

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Posted at 2:02pm on Jun. 25, 2008 Introducing Mike Klonsky: Another Communist / Terrorist Friend of Obama

By Steve Foley

H/T to Gateway Pundit for informing us about Mike Klonsky blog posting on Obama's site.

Mike Klonsky is one of the founders of Communist Party (Marxist-Leninist) (USA) and the Students for a Democratic Society a fervent Obama supporter, friend and former member of the terrorist group the Weatherman.

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Posted at 3:30pm on Jun. 19, 2008 Change We Can Believe In? A Clinton Third Term Sans Bill and Hill

By Steve Foley

Can I ask you a question? CAN'T YOU JUST FEEL THE CHANGE!!! CAN'T YOU JUST FEEL THE HOPE!!!

With all of his soaring rhetoric about change and a new politic the far left leaning Democrat nominee for President of the United States seems more like the same ol' same ol' to me.

In fact, if one were to look at his newly named advisers, and this one did, one would find a litany of former Carter and Clinton administration leftovers now tapped to come aboard the Empty-Talk Express!

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Posted at 6:43pm on Jun. 17, 2008 Liveblog Q & A with Author Jane Hampton Cook (Tonight 8pm Eastern 5pm Pacific)

By Steve Foley

Please join The Minority Report Tonight at 8pm eastern as we hold a liveblog Q & A with author and White House webmaster Jane Hampton Cook.

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