Kf Stops the Bleeding!
Plus: No time for Dems to unpanic.
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.]
**--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.
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.
Tuesday, August 19, 2008
Sometimes it takes a while: Dick Morris says Obama should be "nominated by acclimation." So true. ... 7:18 P.M.
Photograph of John McCain on the Slate home page by Alex Wong/Getty Images.