May 30, 2008: Ten Years Ago on Grasping Reality
- Michael Dobbs of the Washington Post: He says that "we"—that is, the Washington Post's reporters and editors—failed to do their job in 2002-3. But there is one question: why has it taken him until 2008 to tell us this?..."
- Kate Kelly of the Wall Street Journal on the Final Days of Bear Stearns
- Dealing with the Mortgage Mess: Judge Tchaikovsky Does Her Job and Judges: Tanta: "The whole point of stated income lending was to make the borrower the fall guy: the lender can make a dumb loan—knowing perfectly well that it is doing so—while shifting responsibility onto the borrower, who is the one 'stating' the income and—in theory, at least—therefore liable for the misrepresentation. This is precisely where Judge Tchaikovsky has stepped in and said 'no dice'..."
- Yet Another Republican "We Have Always Been at War with Eurasia" Moment: We watch the dead-ender wingnuts attack Scott McClellan, and conclude it is time to shut down the Republican Party—a new opposition with totally new personnel is needed, badly...
- Warren P. Strobel and Jonathan S. Landay Report the News: In any other industry, the two of them would now be running the show. Only in journalism does failure of the magnitude of America's Washington press corps manage to perpetuate itself on such a gigantic scale. Here is what they have to say...
