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"The number of failed banks this year has already surpassed the total from 2004 through 2007, but it is nowhere near the pace set during the savings and loan crisis in the 1980s and early 1990s, when several thousand banks failed." WSJ July 26.
" ...And the truth is that we've got a bunch of smart people, I think, who know 10 times more than we do about the specifics of the topics. And so if what you're trying to do is micromanage and solve everything then you end up being a dilettante, but you have to have enough knowledge to make good judgments about the choices that are presented to you..." Barack Obama to David Cameron, the junior tyros of the U.S. and the U.K., July 26.
"...if I had been told by the Pentagon that I couldn't visit those troops, and I was there and wanted to be there, I guarantee you, there would have been a seismic event....He certainly found time to do other things." John McCain slaps at Barack Obama for not visiting the wounded at Ramstein, Germany, July 27.
FHA is the new subprime. WSJ Comment by - July 26, 2008 at 2:20 pm
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705P ET: Jodi Schneider, CQ, re the Fan/Fred bailout deal between the Congress and the White House, re the negotiations between Chris Dodd, Barney Frank and and re the energy bill in the Senate.
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720P: Mona Charen, NRO and Townhall, re Obama Europe, McCain Dalai Lama, re the dysfunctional Republican Party 2008, re George W. Bush and Africa, AIDS, and the strange disregard for the president by the African-American voters.
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735P: Professional roundtable with John Fund, WSJ, Vaughn Ververs, CBS.com and Jim McTague, Barron's, re Obama before Berlin, re McCain behind the Eightball. Re Fed bail out of crony capitalism.
750P: Continued re the Unsinkable "President of the World to be Barack Obama."
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805P: Larry Kudlow, CNBC, re Fed bailout of Fan/Fred: crony capitalism to the rescue, re drilling vs the Pelosi position of no drilling. The correction for oil prices has lasted two weeks with Brent down 16.3 per cent since hitting a record $147.50 on July 11 while WTI has sunk 16.8 per cent since reaching an all-time high of $147.27 on the same day. Financial Times July 26.
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820P: Malcolm Hoenlein, Conference of Presidents, re Mr. Obama's remarks in Jerusalem and Ramallah. Re Iran breaks off from IAEA again.
835P: Thomas Schweich, New York Times, counternarcotics officer, former ambassador, State Department, re is Hamid Karzai government protecting poppy farming? Re the last two years fail effort to organize an eradication policy or win cooperation from allies or U.S. military mission.
850P: Robert Zimmerman, author, Universe in A Mirror, re Mars Phenix Lander, re Mercury Messenger flyby.
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905P: Aaron Klein, WND, re Obama in Israel, the Western Wall Obama campaign, re Obama with Abbas at Ramallah.
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920P: Susan Schmidt, WSJ, re oil-soaked Kazakhstan corruption, the boss Nazarbayev (left) and the rattled U.S. Congress.
935: Doyle Glass, author, "Lions of Medina." Seering, meticulously researched, the chronology of a Marine rifle company inserted into a triple-canopy national forest in I Corps, at the border region of South Vietnam, near Hue and Quang Tri City, in October 1967. Non-stop courage, violence, fighting, and a night combat against overwhelming odds that is gripping.
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955P: Exeunt re Lou Ann Hammond of Carlist.com re Nissan-GM-Peugeot? Chery-Ford-Volvo? "The American resources on the Atlantic and Pacific coasts contain 14 billion barrels at a minimum ... more than we have imported from the Persian Gulf in the last 15 years," said Sen. Pete Domenici (R., N.M.), July 26.
July 29: re the narcostate government of Hamid Karzai's Afghanistan: "KABUL (AFP) - Afghanistan's intelligence agency has detained a journalist after President Hamid Karzai's cabinet ordered him to be "legally pursued" for alleged criticism of top officials, his employer said Tuesday." See show conversationswith Ann Marlowe and Thomas Schweich, Sunday 27.
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