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Saturday, January 23, 2010

PRESS RELEASE: Congressional Candidate, Rick Torres, Blasts Banking Reform as Diversionary Tactic

A press release from Rick Torres, a U.S. congressional candidate in Connecticut’s 4th district, found it's way into my email box. The release is impressive:

Rick Torres, candidate in Connecticut’s 4th congressional district, today urged the president to resist further regulation of the banking industry. In a statement issued today, Torres said, “Lack of regulation was not the cause of our present financial crisis. The exact opposite is true.”

Torres pointed to the creation of the now bankrupt Fannie Mae and Fannie Mae, to President Carter's Community Reinvestment Act of 1977, to President Clinton's 1999 forcing of banks to lower their lending standards to increase the number of loans to 'distressed inner city areas', and to the Federal Reserve's policy of keeping interest rates artificially low for the few years leading to the crisis.

“Banks never gave out risky loans prior to these government initiatives,” Torres continued. “But when the government started to use the free market for social engineering, banks no longer acted prudently. This caused our financial crisis.”

According to Torres, President Obama’s push for banking regulation is nothing more than a populist move to distract voters from the public rejection of his other policies in the face of the voter backlash in Massachusetts’ election on January 19th.

“Not only is his push for more banking reform dangerous, but the timing is suspicious. I suspect this is merely a ploy to distract voters from Tuesday’s election in Massachusetts, where the public soundly defeated his other attempts to regulate our economy,” Torres noted.

“Allow banks to act in their own self interest, without government manipulation, they won’t give risky loans. It’s that simple.”

Of course, the social engineering that Torres speaks of resulted in much of the money, that the Federal Reserve printed, ending up where Torres identifies, but the crisis, itself, was ultimately a monetary/Fedeal Reserve event, and would have occurred in some fashion even without the disastrous housing legislation. That said, Torres appears to be a very strong liberty oriented candidate. Check out his very creative web site, here.

Please send your comments, news tips and press releases to DarienRoundup@gmail.com

Friday, January 15, 2010

01/15/09 Press Release From Ned Lamont 2010

Dear Greenwich Roundup --

"The early favorite" to win a potential primary.

"A very real possibility" to become the next Governor of Connecticut.

That's how some in the national press have
described our efforts in just the last few days. They're calling us the "early favorite" because they see that Connecticut wants new leadership that won't be tied to entrenched interests and that will be able to shake up state government and get us back on track.

Town support and small contributions have already made a huge difference. But we are going to need you on the team in a committed way if we're going to make this "possibility" a reality -- whether that means taking a leadership role in your town, hosting an event, or signing up to volunteer.

Please take one minute right now to sign up to get involved with Lamont 2010.

Back in November, I announced I was exploring this race because I believed Connecticut needed an outsider with the willingness and ability to bring entrepreneurial leadership to state government, not another politician focused more on the past than on the incredible challenges our state will face over the next four years.

While the last few weeks have seen some potential candidates enter and others leave the stage, my conviction that Connecticut needs a fresh start with this type of leadership has not changed -- it has only grown stronger.

But I know that in order to succeed, I'll need you by my side.
That's why I'm asking you to show your support by signing up to get involved today.

Please sign up here to get involved with Lamont 2010.

All my best,


P.S. -- We have all been shocked and heartbroken by the effects of the earthquake in Haiti. My thoughts continue to be with the people of Haiti and with so many in Connecticut who have loved ones affected by this tragedy. Right now, the best way to help is to give to one of many organizations who are involved in relief efforts on the ground. Please give if you can:

Partners In Health:

Red Cross:

Or donate $10 to the Red Cross (charged to your cell phone bill) by texting "HAITI" to "90999."

Lamont 2010 Exploratory Committee, Marc Bradley, Treasurer


Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com

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