Christy Romero, the acting Special Inspector General for the TARP bank bailout program, told the House Financial Services Committee on Tuesday that the Dodd-Frank financial regulatory law may not end the “too big to fail” policy and the moral hazard surrounding it.

Testifying before the House Financial Services Committee’s Financial Institutions and Consumer Credit Subcommittee, Romero said that as far as the market is concerned, too big to fail is not dead.



For some reason, some liberals in Hollywood like to give dictators the benefit of the doubt. Their five-decade support for Fidel Castro’s iron rule over 11 million voiceless Cubans is inexplicable. Their “Blame America First” philosophy has brought them into relationships with some of the worlds most nefarious people – like Yasser Arafat and Saddam Hussein.

This shouldn’t surprise us, Hollywood is a fantasy factory – so it seems that the foreign policy experience of these folks reflects more their career than it does any true understanding of the reality of the governments they so enthusiastically defend. Recently, Hollywood liberals have found a new group of dictators to support. They now heedlessly defend the nouveau authoritarians of South America, like Hugo Chavez, Rafael Correa, and Evo Morales.



Sen. Al Franken, a liberal Democrat from Minnesota, suggested on Wednesday that Barack Obama may be a one-term president.

He made the comment as the Senate Judiciary Committee considered President Obama’s request to extend FBI Director Robert Mueller’s ten-year term for two more years.



Joseph E. diGenova, former U.S. attorney for the District of Columbia, said today it would be a crime for Rep. Anthony Weiner (D.-N.Y.) to file a complaint with the police claiming his Twitter account had been hacked if he knew it had not been hacked.

Last Friday, a Tweet that included a lewd photograph was sent from Weiner’s Twitter account to a 21-year-old woman in Seattle, whom the 46-year-old congressman followed on Twitter. Weiner issued a statement saying that his Twitter account had been hacked and that someone had sent the lewd photograph to the woman as a prank. Thus far, Weiner has not indicated that he has filed a complaint about the alleged hacking incident with any law enforcement agency.

“If he in fact filed a complaint claiming he had been hacked, when in fact he had not been, that would be making a false statement to either local police authorities or federal officials. That would be a crime,” diGenova told CNSNews.com, pointing to 18 U.S.C. 1001 as the relevant statute.



John Bryson, President Obama’s nominee to head the Commerce Department, told a University of California Berkeley audience in 2010 that a cap and trade system was a good way to hide a carbon tax from the public.

Bryson, formerly the CEO of Edison International, said that a carbon tax was the new “third rail” of politics because politicians wouldn’t want to tax energy directly.



So, the cat’s out of the bag: “Primetime Propaganda” has hit the market, accompanied by exclusive tape of Hollywood insiders admitting to anti-conservative bias in the industry, openly talking about using their shows to propagandize for political purposes, and bashing right-leaning Americans. 

The media has jumped all over the story.  Or rather, they’ve jumped all over the wrong story.  When in doubt, attack the messenger.



House Republicans are pushing back against Obama administration efforts to promote healthier lunches, saying the Agriculture Department should rewrite rules it issued in January meant to make school meals healthier. They say the new rules are too costly.

The bill, approved by the House Appropriations Committee late Tuesday, also questions a government proposal to curb marketing of unhealthy foods to children and urges the Food and Drug Administration to limit rules requiring calorie counts be posted on menus.



Republican Congressman and retired Army veteran Allen West (R-Fla.) said he "cannot understand" America’s involvement in Libya and that U.S. military is being used as a "rent-a-force" in the region.

"For every decision there are consequences and we have to sometimes analyze what could be those consequences. Just the same with operations in Libya – I cannot understand it. I don’t know what the goal and objective are," West said in an address at the Heritage Foundation on Tuesday.



The Environmental Protection Agency informed Rep. Vicky Hartzler (R-Mo.) in a recent letter that it considers itself “prohibited” by law from considering costs when setting National Ambient Air Quality Standards (NAAQS).

“I received this week a letter from the EPA regarding a letter I’ve written them about some of their rules and they wrote here, quote, ‘Thus, the agency is prohibited from considering costs in setting these standards,'" Hartzler said last week. "Now in business we do a cost benefit analysis before we make policy changes. Washington should as well.”



Democratic National Committee Chairwoman Debbie Wasserman Schultz denounced Republicans last week for believing illegal immigration “should in fact be a crime.” “I think the president was clearly articulating that his position – the Democratic position – is that we need comprehensive immigration reform,” said Wasserman Schultz, a U.S. House member from Florida at a Christian Science Monitor Breakfast on May 26.

“We have 12 million undocumented immigrants in this country that are part of the backbone of our economy and this is not only a reality but a necessity. And that it would be harmful – the Republican solution that I’ve seen in the last three years is that we should just pack them all up and ship them back to their own countries and that in fact it should be a crime and we should arrested them all.”

The comment has drawn attention among conservative commentators and bloggers. During the comments, the chairwoman referred to legislation in 2006 by then Rep. James Sensenbrenner (R-Mich.) that would increase border enforcement and make illegal immigration a criminal offense instead of a civil matter.



Former Alaska Gov. Sarah Palin (R.) announced today that she will be taking a bus tour that tellingly will begin with a visit to the U.S. Constitution at the National Archives in Washington, D.C. and then head north through historical sites associated with the nation’s founding, heading in the general direction of … New Hampshire.

“Our nation is at a critical turning point,” Palin said in a posting on the website of her political action committee. “As we look to the future, we are propelled by America's past. It's imperative that we connect with our founders, our patriots, our challenges and victories to clearly see our way forward.”

The tour will begin Sunday in Washington, D.C. during the 24th “Rolling Thunder” gathering, an annual Memorial Day weekend event that brings thousands of motorcyclists, veterans and other patriots to the National Mall to draw attention to prisoners of war and those missing in action from U.S. military engagements.



Health and Human Services Secretary Kathleen Sebelius told CNSNews.com on Wednesday that the administration's new $500 million early learning initiative is designed to deal with children from birth onward to prevent such problems as 5-year olds who "can't sit still" in a kindergarten classroom.

“You really need to look at the range of issues, because if a 5-year-old can’t sit still, it is unlikely that they can do well in a kindergarten class, and it has to be the whole range of issues that go into healthy child development,” Sebelius said during a telephone news conference on Wednesday to announce the Race to the Top Early Learning Challenge.