Monday, January 05, 2009

Where was the investigative reporting three years ago?

The Wall Street Journal top notch investigative reporters, who could find every flaw and mispronounced word in a George Bush speech or each supposedly murky thought of Karl Rove, couldn't see this one coming. A 47% increase in Hispanic home ownership fueled through a combination of congressional misdeeds, a collection of myths about red lining by banks and realtors, pressure from low income housing groups taking money hand over fist from federal agencies, and a coalition of groups pushing subprime mortgages--all of which ignored sound credit practices. And to think we criticize other countries for lack of a free press. Maybe if they'd spent less time lionizing and chasing every speech of the man from Kenya, they'd have seen what was under their noses.

1 comment:

Anonymous said...

Sorry. The free press can't return my call--they are all covering the Obama girls first day at school. Now THATs importnat.