"Fannie, Freddie and the Secrets of a Bailout With No Exit"

Revealed: more lies from guess who. (Story is by Gretchen Morgenson in the New York Times.)

When Washington took over the beleaguered mortgage giants Fannie Mae and Freddie Mac during the collapse of the housing market and the financial crisis of 2008, it was with the implicit promise that they would be returned to shareholders after being nursed back to health.

But now, with the unsealing of documents this week that were produced as part of a lawsuit filed against the government, new evidence is coming to light on how intimately the White House was involved in the Treasury’s decision in August 2012 to keep all the companies’ profits for the government. That move effectively maintained Fannie’s and Freddie’s status as wards of the state.


Truth leaks into the New York Times

I blame the editors. Somebody is allowing pieces to mention things contrary to the Approved Narrative.

Example #1:

She [Tara Houska, a tribal lawyer and a member of the Couchiching First Nation in Canada] also said that those who clung to family lore — of, say, being part Cherokee on their mother’s side — had experiences profoundly different from those who actually lived the Native American life, whether on or off a reservation.

Do my eyes deceive me or this a little dig at Elizabeth Warren?

Example #2:

. . . Ms. Zeisler fears, is that the revolution has become privatized: In her view, feminists today are all about the right to make individual choices — any choices, choices that may be wholly estranged from the original objectives of feminism, which once meant collective action to change whole systems.

Really? Really? Feminism wasn't about empowering women to make their own choices? You could have fooled me.


"Maddog's Lair"

You might want to check it out:

The point of this blog is to watch, and analyze the death of the progressive model using the lens of classical liberalism. . . .

Maddog is trained as a pipe fitter, welder, a paper maker, wilderness medical technician, equipment operator, historian, and attorney with specialty in administrative, appellate, construction, medical, and workers' compensation.

And that doesn't consider the awesome list of activities and accomplishments of Maddog's wife.

(Full disclosure: Maddog has been reading the Door for a while and has linked to, and commented on, entries here.)

 


"The New Old Economics of Trade"

A terrific--especially for a journalist (although the author does have a degree from the LSE)--article on recent commentaries questioning the value of free trade

But the prevailing mood of expert disenchantment with free trade is still disappointing. It misconstrues important new research, directs attention to the wrong questions, and supports the adoption of bad policies. It does the country a grave disservice.


"Raising Income Taxes Won't Fix Wealth Inequality"

Summary of a recent academic study, "The Dynamics of Wealth Inequality and the Effect of Income Distribution".

The researchers then used their model to predict the future. What would happen, they wondered, if income inequality was varied? In their model, income inequality was tied to a metric called the Gini index, a statistical measure of inequality used for decades. They found that altering income inequality to a Gini index of 0.1 (very low inequality) resulted in the top 10% controlling 78.6% of wealth in 2030, while raising income inequality to a Gini index of 0.9 (very high inequality) resulted in the top 10% controlling 79.3% of wealth in 2030, hardly a significant difference.


"The Many Ages of Adulthood in the Nanny State"

This is so true.

Liberals have blurred the lines much further. Girls of any age can elect to have an abortion in California, but they can’t get a tattoo without parental consent until they are 18. Liberals construct fancy arguments to justify the differences, but we know that they are using age as a pretext to trample on the rights of free adults to do things they do not like. If you fit their politics, they want to expand your franchise. If you do not, they feel free to tell you what you cannot do. Next stop: You have to be 21 to buy a gun to protect yourself.


"$25 grocery rebate when you spend $50"

This puzzles me.

There are 2 new online rebates available for $25 off a $50 grocery purchase!

These rebates are issued by Coors and Miller and are valid for North Carolina residents who are at least 21.

The rebate is for $25 when you buy $50 worth of groceries ($50 must be pre-tax and cannot include tobacco, pharmacy prescription or lottery).

This offer is valid May 16-30 and must be submitted by 6/29/16.

I applied for mine and in a few minutes I got an e-mail confirming they had received the information. I had to send them a scan of a cash register tape and my contact information. I didn't have to answer any other questions and I didn't have to buy any beer.