How The Government Enabled The Fannie, Freddie Collapse

Jonathan Weil argues that a special prosecutor should be appointed to hold the government responsible for its role in the Fannie Mae and Freddie Mac disaster in his column, “SEC’s Fannie, Freddie Lawsuits Miss The Enablers:”

Let’s boil down the Securities and Exchange Commission’s claims last week against six former Fannie Mae and Freddie Mac executives to their essence. Every disclosure that the SEC says amounted to fraud is something the government blessed or turned a blind eye to as it was happening.

So who is holding the regulators accountable for letting these alleged frauds go on? No one, naturally.

To believe the SEC’s lawsuits, you would think the only false and misleading statements the housing giants made before the government took them over had to do with the makeup of their loan books and how much of them were subprime, prime, or what have you. The truth is that Fannie and Freddie engaged in far greater financial-reporting abuses, which couldn’t have happened without the government’s knowledge and cooperation.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Marjorie Taylor Mouth Makes Another Empty Threat

Rep. Marjorie Taylor Greene

I’m absolutely double-positive it won’t surprise you to learn that America’s favorite poster-person for bluster, blowhardiness and bong-bouncy-bunk went on Fox News on Sunday and made a threat. Amazingly, she didn’t threaten to expose alleged corruption by Ukrainian President Volodymyr Zelenskyy by quoting a Russian think-tank bot-factory known as Strategic Culture Foundation, as she did last November. Rather, the Congressperson from North Georgia made her eleventy-zillionth threat to oust the Speaker of the House from her own party, Rep. Mike Johnson (R-LA), using the Motion to Vacate she filed last month. She told Fox viewers she wanted to return to her House district to “listen to voters” before acting, however.

Keep reading...Show less
Trump Campaign Gives Access To Far-Right Media But Shuns Mainstream Press

Trump campaign press pass brandished on air by QAnon podcaster Brenden Dilley

Trump's Hour On CNN Was A Profile In Cowardice

Vanity Fair recently reported that several journalists from mainstream publications, including The Washington Post, NBC News, Axios, and Vanity Fair, were denied press access to Trump’s campaign events, seemingly in retaliation for their previous critical coverage. Meanwhile, Media Matters found that the campaign has granted press credentials to the QAnon-promoting MG Show and Brenden Dilley, a podcaster who has promoted the QAnon conspiracy theory and leads a “meme team” that creates pro-Trump content.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}