Atlantic Monthly Death Spiral Watch (Yet Another Marc Ambinder Edition)
FNMA, FHLMC, and the Housing Bubble

KQED Forum 10:00 AM September 23, 2008

I will not be responsible for my actions if I ever, ever, ever again have to listen to one more Alien Lizard Person--excuse me, hack from the Club for Growth--say that the reason we have a financial crisis is because of Big Government: that we established FNMA and FHLMC and they made rash mortgage loans.


There is a question of journalistic ethics here. KQED Forum has no more excuse for putting representatives of the Club for Growth on the air than it has for putting those who warn us against the Alien Lizard People on the air. I greatly value a diversified portfolio of intellectual opinions. I don't value people who make up their own fake facts.