The World Turned Upside Down

From the Telegraph….

The CIA has already spent 18 months developing a network of agents in Britain to combat al-Qaeda, unprecedented in size within the borders of such a close ally, according to intelligence sources in both London and Washington.

And why are they doing this? From later on in the article….

Jonathan Evans, the director general of MI5, admitted in January that the Security Service alone does not have the resources to maintain surveillance on all its targets. “We don’t have anything approaching comprehensive coverage,” he said.

In other words, America is sending spooks to its historical ally because they can’t handle their own internal threats.

But America is getting crazy enough on its own. From the Common Room….

I just came back from my local thrift store with tears in my eyes! I watched as boxes and boxes of childrens books were thrown into the garbage! Today was the deadline and I just cant believe it! Every book they had on the shelves peior to 1985 was destroyed!

The reason the books are being destroyed is that they can no longer be sold without being tested for lead first because of a law called CPSIA. We already covered this insane law earlier so hopefully you all are familiar with it. If not just go over to the Common Room and you will learn more then you ever wanted to about the law.

And speaking of insane, there is also this from Bloomberg….

Fannie Mae and Freddie Mac, the mortgage-finance companies seized by regulators, may need more than the $200 billion in funding pledged by the U.S. government if the housing market continues to deteriorate, Federal Housing Finance Agency Director James Lockhart said.

The companies’ needs will depend largely on the direction of home prices, Lockhart said in an interview in Las Vegas yesterday. His comments followed statements from Fannie Mae in November and Freddie Mac Chairman John Koskinen last week that the government’s funding commitment through 2009 may fall short of what the companies need to make good on their obligations.

This is hardly surprising and that is what is so insane. Not to long ago, the idea that 200 billion dollars might not be enough would have been front page news. Now it is hardly news worthy.

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