Outrage at McCain's "lies" is a total loser strategy.
Why Biden Would Be Bad: There's a bit of C-SPAN tape that should surface quickly if he's named. ... Remember, it wasn't Biden's plagiarism that knocked him out of the 1988 race. It was "'I think I have a much higher I.Q. than you do''--a bizarre videotaped putdown that Biden immediately called into question with five (5) boasts about his academic record, four (4) of which turned out to be easily disproved B.S. ... [you got a better candidate?--ed Zinni! ] ... [via Brothers Judd ] 1:16 A.M.
The Cruelty of Feiler: Comedian Bernie Mac died on a Saturday a couple of weeks ago. The following Monday, someone at the regular Slate editorial meeting--maybe me-- proposed a piece on him. The immediate, unamimous response: "Too late." Brutal! Work all your life, become a beloved public figure, go into syndication, then die tragically young--and you get, what, a day? ...
Screw that. Mary Battiata, an accidental fan of the Bernie Mac Show, explains its peculiar genius on Huffington Post. ... 12:44 A.M.
Wednesday, August 20, 2008
WaPo story on Fannie Mae suggests 1) Paul Krugman was still at least deceptive when he glibly asserted the giant government-chartered company had "nothing to do with the explosion of high-risk lending a few years ago" ** and 2) government regulations, which Krugman and others say prevented Fannie & Freddie Mac from taking on too much risk may also have been at least partly to blame for the risky subprime-loan-backed securities they did purchase:
Internal documents show that even late in the housing bubble, Fannie Mae was drawn to risky loans by a variety of temptations, including the desire to increase its market share and fulfill government quotas for the support of low-income borrowers. [E.A.]
Photograph of John McCain on the Slate home page by Alex Wong/Getty Images.