Does the GOP base "get the message" yet? ... Progress! Note pro-Dem blog Think Progress eschewing official bipartisan euphemisms and calling it "amnesty." ....[Tks. to J.S.] 10:27 A.M.
Department of Housing and Urban Development damaged several New York neighborhoods when it permitted scam artists to bilk the government out of federally secured mortgage and construction loans in the late 1990's.
Seems like just the right man to solve the toxic mortgage crisis. ... P.S.: This wasn't a tiny fraud. It was a quarter-billion dollar scandal that severely disrupted the redevelopment of Harlem, among other places, by gumming up the market. But hey, it was non-profit fraud! ... Apparently, McCain's not just going populist left. He's going irresponsible, opportunist populist left. ... More Cuomo embarrassments here and here ("Mr. Cuomo's complaints that [a primary opponent] was not aggressive in investing state pension money in concerns that would further social causes, like affordable housing.") ... See also Wayne Barrett (alleging that as HUD secretary Cuomo pushed Fannie Mae into the subprime market) ... Note to my conservative friends: Hope Palin's worth it! ... 12:30 A.M. link
Sunday, September 21, 2008
Now a Ford Maverick would be a cool car for McCain to own. (Rear drive. Famously robust. Old. Ironic.) Alas, it appears to be just a cheap graphic device by Huffington Post. ... Of the 13 vehicles McCain does own, only the 3 electric golf-cart-like things are at all interesting. Even HuffPo likes them. ... The others aren't even ostentatious or obnoxious. Where is a Porsche Cayenne Turbo when you need it? ... . 9:53 P.M.
Implementation of the Paulson plan is going to be a mess. It is going to be a great opportunity for lobbyists and lawyers to make a lot of money. Who are the financial magicians Paulson is going to hire? Are they from Wall Street? If they're from Wall Street, aren't they the very people we are saving? And doesn't that mean that we're using the taxpayers' money to hire people to save their friends with even more taxpayer money? Won't this inevitably lead to crony capitalism? Who is going to do oversight? How much transparency is there going to be? We still haven't seen the report which led to bailing out Fannie Mae and Freddie Mac. It is "secret". Is our $700 billion going to be spent in "secret" too? [E.A.}