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“Pressured to Take More Risk, Fannie Reached a Tipping Point”

Dan discovers a journalistic anomaly — from no less than the NYT.

Next up? A deluge of frogs falling from the sky. Or maybe a decent Vin Diesel movie. Both of which, I believe, are signs of the apocalypse.

34 Replies to ““Pressured to Take More Risk, Fannie Reached a Tipping Point””

  1. Pellegri says:

    Hey, I liked Pitch Black and Chronicles of Riddick.

    Don’t be hatin’.

    :(

    (Now I actually read the link.)

  2. ccoffer says:

    And all the goddam fudge stays stuck to the bottom of the bag….as it were.

  3. Bob Reed says:

    Dan’s right to observe that they did this dump on a Saturday, simply for CYA value later when the scheiss hits the fan…

    But, either way, I’ll see you fine folks later…I’m goin’ to confession and then down in the bunker, because the end must be immanent!

  4. Pellegri says:

    @4:

    I’m beginning to think you and thor talk in pure nonsense so you can’t ever be called on being idiots. You do realize this only works when the audience is impressed with your fake profundity, right?

  5. Pellegri says:

    I mean, because I’ve played that game myself. The only people who find it funny or worthwhile are the ones who aren’t thinking about the issue.

    Or, like, agree with you completely.

  6. Pellegri says:

    I’m not implying I’m your audience, merely commenting on your commentary style.

    Sorry, your first mistake is to infer that I believe myself to be your audience. You addressed Dan, after all.

    Wait, damn, communiques? Do I need a fancy header for this?

  7. Pellegri says:

    “Sorry” there meaning I apologize for not formatting my response correctly.

  8. Kevin B says:

    Yeah, Vin Diesel is bad, but for pure apocalyptic signage, Steven Segal’s name in the envelope on Oscar night would be the one.

  9. ThomasD says:

    No, no, not Segal. If Chuck Norris wins an Oscar, then we’re all toast.

  10. ThomasD says:

    Obama in a crisis? Cool as menthol…

    I hereby denounce myself for being a tobbacconist.

    Oh, wait…

    NEVERMIND.

  11. Pellegri says:

    Ãœwe Boll Oscar, IMO.

    Damn, missed my chance to fish Semanticleo out of trollworld. :(

  12. Topsecretk9 says:

    this 2002 article describes the Democrats Fannie Mae criminal enterprise too

    http://www.washingtonian.com/print/articles/6/171/8593.html

  13. ThomasD says:

    I want to see all those Fanny/Freddy lobbyist under subpeona.

    Perp walks for Raines and Johnson.

  14. Jeffersonian says:

    Vin Diesel might have gotten an Oscar if he’d been in Magnolia…as one of the frogs.

    I’m stunned this was in the NYT, but not in the least that it was in Saturday’s edition.

  15. mcgruder says:

    you get a lot more room for enterprise reporting on a saturday; still, if they had any goods, they could have moved this any other day. lotta eyeballs on a sunday or a monday too.

    now, the question is did they bust their ass to find it. i think ayers isn’t all that; i think telling AQI “we’re puling out 6 months from my inauguration is.”

    btw, duhigg did a great job on the fnma piece. really shows what a sewer that place was. i must have written 10k words about fannie and freddie in my career.

  16. JBean says:

    Clearly, it’s all about those computer programs and mathematical formulas of Fannie/Freddie. And Mudd, and whoever, but not Dodd, Franks, Raines, Obama, ACORN, Clinton, CRA, DC corruption and race-based capitulation.

  17. B Moe says:

    I have to admit, I think Obama is much more in touch with this crisis than McCain. He is about totally wrapped up in it, it appears to me.

  18. urthshu says:

    JBean –
    hf was saying we just need a guy who’s really really good at ms excel, then we’ll be fine

  19. JBean says:

    urthshu —

    Well, yes, spreadsheets are our future. Excel!

  20. SarahW says:

    I guess NYT never heard of Cloward Piven, or they never would have written that.

  21. rt says:

    but… i like ‘chronicles of riddick!”

  22. JHoward says:

    What else ya got?

    Congress defies a 93% unfavorable and adds 20% to the debt in six months. Your household owes some $15k more than it did at the start of the year, and the mortgage industry was just dictated the most absurd set of arbitrary and anti-capitalistic rules probably in the history of ostensibly free markets and experiences this amazing burden, as do we all, as the result of the left-leaning dogma of anti-capitalism married to the reality of DC sleeping with its many donors.

    Willful blind ignorance and proud apathy should usually not pass for feigned cool-headed indifference, clio. So why do they for you?

  23. Andrew the Noisy says:

    Coolness is easy as long as you don’t, you know, DO anything.

  24. Slartibartfast says:

    Boiler Room? The Iron Giant?

  25. Education Guy says:

    Pitch Black

  26. PCachu says:

    I still say Iron Giant was his best role yet.

  27. takeshi kovacs says:

    I liked “Chronicles of Riddick” for the visuals, but the Necromonger/Crusader/US Army meme was going a little too strong for me to enjoy it.

  28. NukemHill says:

    Or maybe a decent Vin Diesel movie.

    Chronicles fucking rocked. Don’t be dissing Vin on that one. I recently saw the director’s cut of that movie and completely grooved on it. It was even better than the original release.

  29. Warren Bonesteel says:

    In related news, at the moment, Dow futures are down -150 points, meaning that the end of trading could see the Dow well below 10,000 for the first time in over four years. That puts us more than 30% down from last year’s highs.

  30. Pellegri says:

    @29: Is it really nerdy of me to know where your name comes from? Or is that series more widely read than I think it is?

    Also, I think I may have just ignored the subtext; it was probably there, but OMG UNDEAD ARMY and some of the other cultural features of the Necromongers were really fascinating. (“You keep what you kill.”)

  31. Wikistan says:

    The NYT saves its best news for the weekend…

    Congresssman, I have to ask- why are you against giving people affordable mortgages?
    (from Protein Wisdom)
    Next-
    Congresssman- why are you against giving people health insurance?
    Congressman- why are you against raising the minimum wage?
    Congressman- w…

  32. Mars vs Hollywood says:

    Vin Diesel was in Saving Private Ryan. Look it up.

    Then go price bomb shelters.

    I liked Boiler Room too.

  33. takeshi kovacs says:

    Since the matoko-san took the name of the radical nihilist group from Richard Morgan’s anarchist scifi far future noir; I took the name of his body swapping, bionengineering eugenic commando turned private eye from that series.

  34. ACCEPTING CAMPAIGN CONTRIBUTIONS FROM ASSOCIATES OF KNOWN TERRORISTS?

    The Ayers-Weber-McCain connection. Truth? Guilt by Association? We report. YOU Decide!

    Arnold R. “Arnie” Weber is a Chicago Annenberg Board Member and Chicago “insider”. He was a part of the Nixon White House. Arnie Weber has held other Washington “insider” jobs too. He is a LONGTIME REPUBLICAN DONOR. But get this: Arnie Weber was a BOARD MEMBER of the infamous **CHICAGO ANNNENBERG CHALLENGE** organization, which was founded by known “TERRORIST” Bill Ayers!

    Sarah Palin was using “guilt by association”. This, however, is a two way street but Gov. Palin may not understand this.

    NEW INFORMATION SHOWS THAT JOHN MCCAIN HAS ACCEPTED “TAINTED” CAMPAIGN MONEY FROM ARNIE WEBER, AN ASSOCIATE OF BILL AYERS.

    Arnie Weber has given the maximum legal amount of $1,500 to the McCain campaign in 2008. He probably would have given more if allowed by law. In 2008, Arnie Weber made two separate donations of $1,000 and $500 to McCain’s presidential campaign run by EX-LOBBYIST AND WASHINGTON INSIDER RICK DAVIS.

    I demand that Senator McCain denounce this man, Arnie Weber, and his associations to “terrorists” (as defined by his vice-president, Sarah Palin). I call on Senator McCain to reject these tainted donations. John McCain should then investigate how such a thing could possibly happen inside HIS OWN CAMPAIGN before seeking to cast stones at Senator Obama. McCain’s campaign CEO, RICK DAVIS, needs to explain to the AMERICAN VOTERS his reasons for accepting this dirty money. Are they really that desperate to win this election? Doesn’t John McCain still believe in the honor that he felt when defending this country against the enemy in Vietnam where he served as a prisoner of war for years?

    THE “LIBERAL MEDIA” SHOULD ASK JOHN MCCAIN WHY HE ACCEPTED THIS TAINTED CAMPAIGN CONTRIBUTIONS FROM THIS “TERRORIST” ASSOCIATE. Incredible as it may sound, Arnie Weber doesn’t even DENY that he ASSOCIATED FOR YEARS with a “KNOWN TERRORIST”.

    This is probably because he hasn’t been asked.

    Now for the reality check: It turns out that these types of “facts” are simply BASELESS SMEAR ATTACKS WITH NO MERIT! Yes. It is true. Attacks like this are meant to distract the uninformed voters near the end of an election. We don’t hear about them very often because most candidates have too much integrity to run them. They know that winning an election based on lies is unacceptable. Besides, people want to talk about REAL issues affecting REAL lives, not play a game of “6 degrees of Kevin Bacon”.

    Random associations are EASY to find. For instance, it turns out that you can trace Obama’s FAMILY TREE to both George W. Bush (10th cousins once removed) and Dick Cheney (eighth cousins). Yep! They are legally RELATIVES. This is yet another useless “fact” for Trivial Pursuit lovers, but it is not worthy of any media time in this national election for the greatest country on God’s green earth.

    If you want some more guilt by association, here is something to find out for yourself. Who said this? Who supports this guy and his political party? “The fires of hell are frozen glaciers compared to my hatred for the American government. And I won’t be buried under their damn flag.”

    Guilt by association is an attack on voters and on the electoral process. Voters need to learn about the issues. Governor Palin should apologize for raising this STUPID guilt by association tactic against Senator Obama. And if she REALLY believes what she is saying, she REALLY should demand that they return “Arnie” Weber’s campaign donations. Seriously. To do anything short of that would be blatant hypocrisy.

    “Sooner or later, people are going to figure out if all you run is negative attack ads you don’t have much of a vision for the future or you’re not ready to articulate it.” [John McCain – The NewsHour with Jim Lehrer – 2/21/2000]

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