Category Archives: Politics
Shelter Skelter
Barney Frank, once said he wanted Fannie Mae and Freddie Mac to roll the dice for affordable housing. Now, after dusting off billions of dollars of rubble from the collapsed housing market, he wants Fannie and Freddie abolished.
Clunkers
There’s not much question who was in the driver’s seat when the economy first went off-road. Bush careered between the Bear Sterns bail-out, Fannie Mae/Freddie Mac takeover, loans to AIG and GM, and the 700 billion dollar TARP. (Go here for an excellent bail-out timeline by ProPublica.) (And here’s the story in a Nov. 2008 cartoon). Obama then grabbed the wheel and put the pedal to the metal with the 800 billion dollar stimulus. At that point Krauthammer says, “Obama bought the economy”.
Crapped Out
The guy can’t get a break. The Boston Herald reports that water at some Martha’s Vineyard beaches has fecal contamination.
