Showing posts with label fannie mae. Show all posts
Showing posts with label fannie mae. Show all posts

Wednesday, October 22, 2008

Orson Scott Card Says It Like It Is!

Orson Scott Card is one of my favorite authors, despite the fact that he's a die-hard, card carrying Democrat . Seriously, he is one of my favorite authors and I have lots of friends who are Democrats. We have quite a bit of fun sparring on the issues.

One thing that is rather cool (for me) is that he never has his photo in his books (or at least not the ones I've purchased). I finally got to see what he looks like when I read the article on the Meridian Magazine site... I know I could have done a search at any time and found a photo probably, but I really didn't care that much and once I put the book down any curiosity got closed inside the pages of the book. If you haven't read Ender's Game and his many other books, go grab one. He really makes you think about things without realizing what you're doing! Fun read.

The article below is a great read, and definitely doesn't fall into the fiction category. It is a fabulous article that amazes me. I bet we don't hear much about it given the topic! - Janet

Would the Last Honest Reporter Please Turn On the Lights?
By Orson Scott Card

Editor's note: Orson Scott Card is a Democrat and a newspaper columnist, and in this opinion piece he takes on both while lamenting the current state of journalism.

An open letter to the local daily paper — almost every local daily paper in America:

I remember reading All the President's Men and thinking: That's journalism. You do what it takes to get the truth and you lay it before the public, because the public has a right to know.

This housing crisis didn't come out of nowhere. It was not a vague emanation of the evil Bush administration.

It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending so that home loans would be more accessible to poor people. Fannie Mae and Freddie Mac were authorized to approve risky loans...
http://www.meridianmagazine.com/ideas/081017light.html

Saturday, October 04, 2008

Monday, September 22, 2008

Another point of view on the financial crisis

How the Democrats Created the Financial Crisis: Kevin Hassett

http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_hassett&sid=aSKSoiNbnQY0

Sept. 22 (Bloomberg) — The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.

Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.

But really, it isn’t. Enough cards on this table have been turned over that the story is now clear.

The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.

http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_hassett&sid=aSKSoiNbnQY0

(Thanks to http://mccainpalin2008.blogspot.com/ for finding this and posting this!)