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Patrick McHenry Smears Responsible Lending With Right Wing Front Group

I've realized that Patrick McHenry has been a water carrier for banking interests. What I hadn't realized was how low McHenry, along with Dick Armey's army, would go in serving his corporate paymasters.

According to Credit Union Times:

Representative Patrick McHenry (R-NC) has written Rep. Barney Frank (D-Mass), Chairman of the House Financial Services, seeking a hearing on the issue of individuals and organizations allegedly using non-profits to manipulate real estate and other markets.

As an example of this possible manipulation, McHenry used the Center for Responsible Lending, an affiliate of the Durham, North Carolina based Self Help Credit Union.

The basis of McHenry's complaint is a bogus report February 21st by the Consumer Rights League a front group for the predatory lending industry operating out of FreedomWorks national HQ whose sole purpose appears to be attacking the Self Help Credit Union and, in particular, the affiliated Center for Responsible Lending (with, no mere coincidence, the same acronym, CRL) calling it a "predatory charity".

Treasurer's Report

For the past couple of years I have been drawn to examine the undue influence of money in State politics, including the ability of corporations to direct unlimited sums of money to 527 committees and to non-profit foundations that are associated with politicians or engage in activities that support their positions. In 2005 the News & Observer called out Richard Moore for direct solicitation of financial companies for his North Carolina Fiscal Literacy Foundation:

The treasurer ought to know better than to solicit contributions for a nonprofit foundation of his creation from money managers who do business with the state, or who want a piece of that business.
It's just a bad practice. Moore should stop it.

He may have stopped it, it's not clear. The Foundation has never listed its donors.

Go Figure

rich inlet mapFigure Eight Island wants to have your cake and eat it too. While pursuing a terminal groin injury on the North Carolina coast, full steam ahead, the Islanders have been slow paddling a beach renourishment project that might scuttle the groin proposal if implemented too fast according to coastal observers.

Last year a Figure Eight Island/ Rich Inlet project was described in the Federal Register 07-848. A public hearing was held March 1st 2007 in Wilmington and written comments were received until March 29th, 2007. According to the Army Corps of Engineers not much has occurred since. The sense of urgency that propelled an end run by the NC Senate around coastal regulations prohibiting groins would evaporate if legislators knew that Figure Eight Island was actively engaged in beach renourishment.

Got Drought?

North Carolina is the only state in the country where every part of the state is in a designated Drought condition. Even if you’ve been living under a rock and have missed the media attention you can’t have failed to notice the drying earth beneath you.


If there ever was an example of the insanity that passes for commentary at the John Locke Foundation it is this entry by "Dr" Michael Sanera at the Lockerroom: The taxpayers pay for this nonsense about an article at Townhall by UNCW Professor Mike Adams on a "new scholarly journal", The Journal of Genetic Rationalization

What Sanera fails to acknowledge is that this is a satirical article, as can be realized from the opening sentence:

The University of North Carolina - Wishful Thinking (UNCW) has announced the establishment of a new journal called The Journal of Genetic Rationalization.

Orange Crush or Orange Zinger?

Orange County residents have been on the receiving end of dubious push poll telephone calls recently, described by one recipient as:

...what may very well be the most egregious violation of research ethics I have ever experienced.

Why all the fuss? Tuesday evening, February 5th, at 7.30pm, the Orange County Board of Commissioners, at its regular meeting, will a public hearing regarding a Local Revenue Options Referendum. The purpose of the hearing is "to solicit opinion from voters regarding which, or both, of two local revenue options should be placed on a May 2008 referendum for voter consideration." In other words, they are trying to decide between a 1/4% sales tax or a 0.4% transfer tax increase, to pay for growth.


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