No this is not from The Onion. Its from Fox News.

You can read the December 9th paean to the rich in print on Bernard Goldberg's website at this link, "Thank God for The Rich", or watch it on video it at link.

Is Goldberg's contract coming up with Rupert Murdoch or does he emit worshipful blather about how heroic and wonderful rich people like Rupert Murdoch are all the time?

McClatchy is reporting that the Fed has proposed changing a key rule having to do with the the TILA (Truth in Lending Act of 1968). This rule currently allows a homeowner who can prove that they were not given proper disclosure on their loan up to 3 years to cancel the loan. Current law says in such a case, the lien on the home must be removed so the homeowner can use the home to get a new mortgage to pay off the first.

The recent takeover reported this month, of a formerly US run Iraqi prison, by Moqtada al Sadr supporters, who have just been brought into the Maliki government, combined with the reading of a dispatch from Ambassador Hill from December, 2009, leads one to surmise that Iran is moving to consolidate its influence in Iraq, including the widespread use of death squads:

President Obama’s hopes of ratifying a new arms control treaty (Start II) with Russia this year appeared to unravel on Tuesday as a Senate Republican leader (Senator Kyl-Republican-Arizona) moved to block a vote in what could be a devastating blow to the president’s most tangible foreign policy achievement..