McCain's Small Victory

A mostly political Weblog.
Sept. 29 2008 4:52 AM

McCain's Small Victory

We want game-changing! We didn't get it.

(Continued from Page 39)

Don't tell Thomas Frank: MoveOn.org, AT&T and PG&E, together again. (But it looks like quite a bill.) [Tks to reader J.]12:12 P.M.

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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.

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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? ...

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Screw that. Mary Battiata, an accidental fan of the Bernie Mac Show, explains its peculiar genius on Huffington Post.  ... 12:44 A.M.

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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.]

[via NewsAlert]

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