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POPSHow Fannie and Freddie Lost Their Groove If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. But the bill didn't become law, for a simple reason: Democrats opposed it. Republicans, tied by Democratic opposition, couldn't even get the Senate to vote on the matter. That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: ``It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.' Congressman Richard Baker (R-La.) has been concerned about the risks created by Fannie and Freddie since 2000, when he first introduced legislation to augment the powers of their regulator...
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POPSSunday Times Attacks Here is a list of some of the articles gracing the pages of the NYT (do you think they could be in the tank for Barack) "Bob Herbert: She’s Not Ready" "Once Elected, Palin Hired Friends and Lashed Foes" "Gov. Palin’s Worldview" "Frank Rich: The Palin-Whatshisname Ticket" "Thomas L. Friedman: Making America Stupid" "Maureen Dowd: Bering Straight Talk" "Paul Krugman: Blizzard of Lies"
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POPSBlizzard Of Lies "But there’s another answer, which may be even more important: how a politician campaigns tells you a lot about how he or she would govern. And now the team that hopes to form the next administration is running a campaign that makes Bush-Cheney 2000 look like something out of a civics class. What does that say about how that team would run the country? What it says, I’d argue, is that the Obama campaign is wrong to suggest that a McCain-Palin administration would just be a continuation of Bush-Cheney. If the way John McCain and Sarah Palin are campaigning is any indication, it would be much, much worse. "
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POPSYou Must Remember This Easy read, quite amusing, a somewhat sardonic slant on current obsessions for neuroporn and the current cutting edge of the self-improvement industries. Mind you, I may have made up that reading rather than remembered it.
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POPSDiablo 3 Yay - Diablo3, finally. No release date yet though.
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POPSNew World Of Warcraft Expansion Almost Ready The release of a new WoW expansion is a very big deal in the gaming world, and a huge money making opportunity for Blizzard. This one is particularly important because there is more competition than ever in the MMO space, and Blizzard needs to demonstrate that it can continue to produce content that will absorb long-time players.
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