The Unbearable Lightness of Being Christopher Dodd

With the practical collapse of mortgage giants Fannie Mae and Freddie Mac upon us, a good measure of the political bias of the media is who they're claiming is responsible. After all, those two government supported enterprises (GSEs) are the biggest mortgage holders in the country, by a huge margin. And the drive-by media has proclaimed that we're in a nationwide "mortgage meltdown". An unbiased media would go after the political party who has used these GSEs as cash cows to support their political activities and to provide employment for their apparatchiks, in return for providing political cover and federal funding for their private business activities. That would, of course, mean close scrutiny of the Democratic Party and its relationship with the GSEs during the election year of the anointed one, Barack Obama, which should give you an idea why the media isn't covering this mess to the extent warranted, if at all. (A related aside - Did you know that the top four...(Read Full Post)