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