Reasons for the “Mortgage Meltdown”
Andrew Zahn of the MoneyNet Daily posted an eye-opening essay — one that surely took a good deal of courage in the face of a likely barrage of hate mail to follow — on the mortgage lending mess in this country: Analysts point not to greed, but to social activist politics.
In this day and age, this is just as plausible as the others most commonly proffered by Big Media for the ongoing mortgage lender mess. It’s easy and popular to blame “corporate greed” and mismanagement since egregious examples of some of each clearly do exist. For the record, I do disagree with Zahn’s implication that greed and mismanagement are negligible factors. AIG, Lehman, WaMu and Enron wouldn’t have ended up like they did without colossally inept management.
Read more →On Ike
Some post-Ike ramblings, now that I’ve been back several days and had a chance to check back on Hurricane Eisenhower and its impacts…
The first actual chase summary from Ike was a photographic one from the air, courtesy of Jason Sippel. Jason was lucky enough to get a seat on a NOAA plane into Ike when it was in the central Gulf. He didn’t have a place to upload these excellent photos from his flight into the eye of Ike, so I gladly agreed to put up web-sized, low-res versions for him (used here by permission).
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