TARP, baby!

A mostly political Weblog.
Sept. 30 2008 8:21 PM

TARP, Baby!

Explaining Paulson's plan better than Paulson.

(Continued from Page 41)

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]

**--Krugman might claim that 2006 and 2007, the years examined by WaPo, weren't "a few years ago." But most readers of his column would have missed that vague lawyerly qualifier. And Calculated Risk makes clear Fannie had quite a bit to do with fostering the subprime market before then, presumably also in pursuit of its "low-income borrower" goals. ...  3:21 A.M.

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BLOCKBUSTER! Rielle Hunter Holding Angelina Jolie's Baby? New Enquirer photo of Rielle Hunter and her child: 1) Distinctive-looking little girl; 2) Love lips! 3) But not the only baby who's got 'em! 4) More than arguably similar to the blurry baby Edwards is holding in the Enquirer's earlier "spy" photo.  ... 2:54 A.M.

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Tuesday, August 19, 2008

Sometimes it takes a while: Dick Morris says Obama should be "nominated by acclimation." So true. ...  7:18 P.M.

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Mary Ann Akers reports that "as recently as last week" John Edwards was expressing interest in attending a Denver event.

 [W]e were told by well-placed sources who asked to remain anonymous that Edwards did, indeed, express interest to One Campaign officials just last week in playing a role in Denver, where the former North Carolina senator is most certainly not welcome by party officials. (His wife, Elizabeth Edwards, is no longer scheduled to speak at the convention.)

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