www.frontpagemag.com/fpm/2019/12/hellish-legacy-dingell-family-daniel-greenfield/

Daniel Greenfield’s article: The Hellish Dingell Legacy

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The Hellish Dingell Legacy Posted: 28 Dec 2019 11:46 PM PST A decade ago, Time Magazine unveiled an in-depth article on the death of Detroit. One of the politicians whom the article blamed for Detroit’s woes was Rep. John Dingell. The Dingell clan has held a congressional seat outside Detroit since 1932. Their 87-year tenure has not coincidentally coincided with the decline of a thriving industrial city into a post-apocalyptic wasteland. But it’s been good for the Dingells, three of whom have sat in their congressional seat since the days of Herbert Hoover, the rise of Hitler, and the radio age, and fattened their pockets on its sinecures. Dingell Sr. was the son of Polish immigrants who started out in politics as a union boss, jumped into a newly created seat, and kept it through eleven elections before passing it on to his son. Dingell Jr, outdid daddy by becoming the longest serving member of Congress in American history. Before he died, he passed on the seat to his second wife, whom he married when she was 28 and he was 55 years old. She was a GM lobbyist who married the Congressman from GM. What was good for GM was good for the Dingells. By 2014, Dingell Jr. was listed as the third richest member of Congress from Michigan with a net worth of $3.5 million. When Debbie took over for him next year, her net worth was up to $3.6 million. The salary for House members was $174,000. The median household income is $57,000 in the 12th. Not bad for a family whose business was and is the 12th district from western Detroit through Ann Arbor. Much of the Dingell money came through GM. And Rep. John Dingell had vocally fought for the GM bailout. The GM couple, which had millions in GM stock, had a lot riding on taxpayers bailing them out. Taxpayers spent billions and the Dingells got millions in an arrangement made in the depths of hell. (more…)

Maxine, the fox guarding the hen house.   Stephen Moore gives us a  sweet bit of history regarding the  financial crisis.   Don’t you just love those Dems and their pious self righteousness !  Nancy

www.washingtontimes.com/news/2018/nov/11/why-wall-street-must-get-ready-for-maxine-waters/

WASHINGTON TIMES

Why Wall Street Must Get Ready for Maxine Waters

By Stephen Moore • Stephen Moore, a columnist for The Washington Times, is a senior fellow at the Heritage Foundation. His new book with Arthur Laffer is “Trumponomics.”

November 11, 2018

Democratic Rep. Maxine Waters of California appears a lock to become the next chairman of the powerful Financial Services Committee. Ms. Waters is pledging to be a diligent watchdog for mom and pop investors, and recently told a crowd that when it comes to the big banks, investment houses and insurance companies, “we are going to do to them, what they did to us.” I’m not going to cry too many tears for Wall Street since they poured money behind the Democrats in these midterm elections. You get what you pay for.

But here we go again asking the fox to guard the hen house.

Back during he the financial crisis of 2008-09, which wiped out trillions of dollars of the wealth and retirement savings of middle-class families, we put the two major arsonists in charge of putting out the fire. Barney Frank of Massachusetts and Chris Dodd of Connecticut were the cosponsors of the infamous Dodd-Frank regulations. Readers will recall that good old Barney resisted every attempt to rein in Fannie Mae and Freddie Mac and said he wanted to “roll the dice” on the housing market. That worked out well.

Meanwhile, Mr. Dodd took graft payments in the form of low-interest loans from Countrywide, while greasing the skids for the housing lenders in these years. Instead of going to jail or at least being discharged dishonorably from Congress, he wrote the Dodd-Frank bill to regulate the banks.

(more…)