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Hits of the Day
UK takes Blair to task; U.S. to do same – to College Football
Our cousins across the pond took former Prime Minister Tony Blair to task yesterday during an Iraq War Inquiry. Not to be out done, the Obama Administration has announced it is ready to do its own investigation – of the Bowl Championship Series.
From ESPN:
WASHINGTON — The Obama administration is considering several steps that would review the legality of the controversial Bowl Championship Series, the Justice Department said in a letter Friday to a senator who had asked for an antitrust review.
In the letter to Sen. Orrin Hatch, obtained by The Associated Press, Assistant Attorney General Ronald Weich wrote that the Justice Department is reviewing Hatch’s request and other materials to determine whether to open an investigation into whether the BCS violates antitrust laws.
“Importantly, and in addition, the administration also is exploring other options that might be available to address concerns with the college football postseason,” Weich wrote, including asking the Federal Trade Commission to review the legality of the BCS under consumer protection laws.
Several lawmakers and many critics want the BCS to switch to a playoff system, rather than the ratings system it uses to determine the teams that play in the championship game.
All can breathe a sigh of relief should this investigation take place. We must learn from history. America cannot allow the University of Utah get screwed by the BCS again. The nation just can’t afford it.
–WKW
Crossposted at William K. Wolfrum Chronicles
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In the News
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Obama Campaign To Court Super PAC Cash They Loathe
TPM 2012 - Within body of text:
The decision was handed out after new FEC filings revealed conservative groups outraised their Democratic counterparts by a four to one ratio. In recent weeks one Republican donor alone, Sheldon Adelson, has given over $10 million to a Super PAC supporting Newt Gingrich. Mitt Romney’s Super PAC raised $30 million in 2011. By contrast, a Democratic Super PAC founded by former Obama aide Bill Burton, Priorities USA, raised only $19 million.
Politico also has interesting piece on this too.
Read the article at http://2012.talkingpointsmemo.com/2012/02/obama-campaign-to-court-super-pac-cash-they-loathe.php?ref=fpa- Add new comment
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Jim Bakker’s Christian amusement park is now a post-...

In 1986, Jim and Tammy Faye Bakker's Heritage USA was the third most-visited amusement park in the US, behind only Disney World and Disneyland. Now the park that once entertained millions of guests is falling to pieces, and looks more like the scene from a post-apocalyptic movie than a place for family fun.
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Truth, lies and AfghanistanBy LT. COL. DANIEL L. DAVIS
I spent last year in Afghanistan, visiting and talking with U.S. troops and their Afghan partners. My duties with the Army’s Rapid Equipping Force took me into every significant area where our soldiers engage the enemy. Over the course of 12 months, I covered more than 9,000 miles and talked, traveled and patrolled with troops in Kandahar, Kunar, Ghazni, Khost, Paktika, Kunduz, Balkh, Nangarhar and other provinces.
What I saw bore no resemblance to rosy official statements by U.S. military leaders about conditions on the ground.
Read the article at http://armedforcesjournal.com/2012/02/8904030 -
Goldman Sachs CEO Lloyd Blankfein speaks out in support of...
Just when you thought it was safe to hate Goldman Sachs…
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A Mortgage Tornado Warning, UnheededYEARS before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game.His name is Nye Lavalle, and he first came to attention not in finance but in sports and advertising. He turned heads in marketing circles by correctly predicting that Nascar and figure skating would draw huge followings in the 1990s.But after losing a family home to foreclosure, under what he thought were fishy circumstances, Mr. Lavalle, founder of a consulting firm called the Sports Marketing Group, began a new life as a mortgage sleuth. In 2003, when home prices were flying high, he compiled a dossier of improprieties on one of the giants of the business, Fannie Mae.In hindsight, what he found looks like a blueprint of today’s foreclosure crisis. Even then, Mr. Lavalle discovered, some loan-servicing companies that worked for Fannie Mae routinely filed false foreclosure documents, not unlike the fraudulent paperwork that has since made “robo-signing” a household term. Even then, he found, the nation’s electronic mortgage registry was playing fast and loose with the law — something that courts have belatedly recognized, too.
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