Free Republic

A bridge-building disaster should be incomprehensible in today’s technical world. Humans have been building bridges for centuries. The science should be well sorted out by now — and for the most part, it is. But the National Transportation Safety Board’s investigation of the March 2018 collapse of the FIU pedestrian bridge highlighted basic design flaws and a complete lack of oversight by every single party that had responsibility to either identify the design errors or stop work once it was clear that there was a massive internal failure. We all know “what happened” here. But the “why” is more elusive....

Fannie Mae's stock price has been on an upswing since late summer, reflecting investor confidence that a Democratic Congress would make strict scrutiny of the mortgage giant less likely (see the nearby chart). And there's no doubt that with Barney Frank wielding the gavel in the House Financial Services Committee, Fannie Mae and Freddie Mac will have a pal on Capitol Hill. Mr. Frank is already talking about expanding the companies' operations (and thus taxpayer exposure to any financial accident). Fortunately, James Lockhart is still running the Office of Federal Housing Enterprise Oversight, or Ofheo, and he's shown no appetite...