Good Morning Kossacks and Welcome to Morning Open Thread (MOT)
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In The News:
U.S. Government Sues Wells Fargo In Mortgage Case
The U.S. government filed a lawsuit against Wells Fargo & Co., today, saying the bank was reckless when it issued federally guaranteed mortgages.
Bloomberg reports:
"The government seeks damages and civil penalties under the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989 for alleged misconduct spanning more than a decade related to the San Francisco-based bank's participation in a Federal Housing Administration program, U.S. Attorney Preet Bharara in Manhattan said in a statement
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GOP Rep. Promises To ‘Reverse This Trend Of Public Ownership Of Lands’
A key western congressman declared late last week that Mitt Romney supports his push to “reverse this trend of public ownership of lands.”
In a speech to the Colorado Conservative Political Action Conference, Rep. Steve Pearce (R-NM) criticized Teddy Roosevelt’s “big ideas of big forests and big national parks,” which primarily exist in the West. Pearce told the audience that, if elected, Mitt Romney will help turn back public lands to the states or private entities.
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Schumer Tells Dems To Grow A Spine In Tax Negotiations With GOP
Sen. Chuck Schumer (D-NY) wants to stop some of his own colleagues from making a big mistake — one that he and many tax experts believe will result in either larger deficits or higher taxes on the middle class.
Specifically, he’s publicly urging Democrats to abandon a tax reform model that calls for ending tax expenditures, many of which benefit middle income earners, in order to finance a large tax rate cut for wealthier people. It’s a framework that’s popular among economists, particularly conservative ones, but that a group of Democrats negotiating with Republicans to avert large tax increases and sharp spending cuts next year have also embraced.
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Quick Links:
Deadly Meningitis Outbreak Highlights The Need For Strengthened FDA Regulations
Arkansas Rep: ‘If Slavery Were So God-Awful, Why Didn’t Jesus Or Paul Condemn It?’
Tim Tebow Spends All Night Refreshing Jets Depth Chart On ESPN.com
Commence jibbering and jabbering!
Oh, and Happy Hump Day from Daisy and Lilly!