Wednesday, December 19, 2007

Can WSJ writers find a real victim?

I've complained here many times about the "news" stories in the Wall St. Journal, WaPo, and NYT. Most of the "social concern" stories belong on the editorial page, except that's what intelligent, well educated people read. But the one on Dec. 6 in the WSJ titled "House of cards; how the subprime mess hit poor immigrant groups" written by Jonathan Karp and Miriam Jordan really takes the cake for biased, bad reporting. What school graduated these incompetents? We really do have a subprime mess--but using one woman, Naira Costa, to make a blanket statement about immigrants, and she an illegal immigrant who used someone else's credit card to inflate her credit score, gets a home loan for $713,000 (on a cleaning job salary of $2,000/mo), never made a payment, and she's suing the broker? Oh PULEEZE! Just for good measure, they throw in her Pentecostal church as one of the bad guys, and in today's WSJ reader section, the pastor says she wasn't a member and besides he has no control over what members do. Karp and Jordan must have really been trolling the dregs to find this story.

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