David Brooks on Fannie Mae
I thought his latest column was shockingly good.
by Will · June 17, 2011
I thought his latest column was shockingly good.
Tags: David Brooks
Will
Will writes from Washington, D.C. (well, Arlington, Virginia). You can reach him at willblogcorrespondence at gmail dot com.
May 18, 2011
November 11, 2009
From CNN Business:
New York (CNN Business)Sheldon Adelson, the chairman and CEO of Las Vegas Sands and a major donor to Republican politicians, died late Monday following complications related to his cancer treatment, his company said. He was 87.
Adelson took a leave of absence from Sands last week to resume treatment for non-Hodgkin's lymphoma, which his aides first disclosed in late February 2019.
(Featured image is "Some birds hanging out at the Sands Casino in Atlantic City" by iirraa is licensed under CC BY-NC-ND 2.0)
Comment →In the wake of the violent insurrection at the U.S. Capitol by scores of President Trump’s supporters, a lone researcher began an effort to catalogue the posts of social media users across Parler, a platform founded to provide conservative users a safe haven for uninhibited “free speech” — but which ultimately devolved into a hotbed of far-right conspiracy theories, unchecked racism, and death threats aimed at prominent politicians.
The researcher, who asked to be referred to by their Twitter handle, @donk_enby, began with the goal of archiving every post from January 6, the day of the Capitol riot; what she called a bevy of “very incriminating” evidence. According to the Atlantic Council’s Digital Forensic Research Lab, among others, Parler is one of a number of apps used by the insurrections to coordinate their breach of the Capitol, in a plan to overturn the 2020 election results and keep Donald Trump in power.
(Featured image is "A radio tracking device on a Saker Falcon (Falco cherrug) at the Cotswold Falconry Centre" by Anguskirk and is licensed under CC BY-NC-ND 2.0)
Comment →From Twitter Safety:
After close review of recent Tweets from the @realDonaldTrump account and the context around them we have permanently suspended the account due to the risk of further incitement of violence.https://t.co/CBpE1I6j8Y
— Twitter Safety (@TwitterSafety) January 8, 2021
(Featured image is "Free Bird" by Ennev and is licensed under CC BY-NC-SA 2.0)
Comment →From DFW's CBS:
DALLAS, Texas (CBSDFW.COM) – Chief Judge Barbara Lynn of the Northern District of Texas has reversed a previous ruling of the Court that had dismissed all claims against the City of Dallas in the murder of Botham Jean.
The federal civil rights lawsuit against the City of Dallas is now allowed to proceed once an amended lawsuit is filed.
We discussed Amber Guyger getting indicted here.
We discussed her trial here.
(Featured image is Botham Jean from The Botham Jean Foundation/Facebook)
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http://www.cepr.net/index.php/blogs/beat-the-press/david-brooks-discovers-that-it-was-all-fannie-maes-fault?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+beat_the_press+%28Beat+the+Press%29&utm_content=TwitterReport
Kevin Drum pretty thoroughly took this Op-Ed apart, too:
http://motherjones.com/kevin-drum/2011/06/fannie-freddie-and-wall-streetReport
The fact that there was lots of money to be made packaging and selling bad mortgages is too simple for most conservatives; they need to find a government villain. the polite sort like David Brooks point at Fannie and Freddie; the read-meaters like Pat Buchanan blame the Community Reinvestment Act, because they knew it was trouble to lend money to those people.Report
I don’t think that’s the point of Brooks’ column. This seems to be his thesis:
“It has sent the message that we have hit the moment of demosclerosis. Washington is home to a vertiginous tangle of industry associations, activist groups, think tanks and communications shops. These forces have overwhelmed the government that was originally conceived by the founders.
“The final message is that members of the leadership class have done nothing to police themselves. The Wall Street-Industry-Regulator-Lobbyist tangle is even more deeply enmeshed.”Report
You very well may be right; I cop to being less than capable of full objectivity in all things Bobo.Report
read the new york times book review, just like Brooks probably did. He just took it as another opportunity to hack at the dems, as he usually does, never mind the real damage was done under the republican run “watch dogs”. He doesn’t say a word about that. I found this web site following the Hitchens review which was fun. Please don’t email me I’m just a poor high school educated union working bond servant to a class one railroad.Report