Posted on 10/23/2008 8:29:30 AM PDT by Retired_Navy_CTI
Editor's note: Orson Scott Card is a Democrat and a newspaper columnist, and in this opinion piece he takes on both while lamenting the current state of journalism.
An open letter to the local daily paper almost every local daily paper in America:
I remember reading All the President's Men and thinking: That's journalism. You do what it takes to get the truth and you lay it before the public, because the public has a right to know.
This housing crisis didn't come out of nowhere. It was not a vague emanation of the evil Bush administration.
It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending so that home loans would be more accessible to poor people. Fannie Mae and Freddie Mac were authorized to approve risky loans.
What is a risky loan? It's a loan that the recipient is likely not to be able to repay.
The goal of this rule change was to help the poor which especially would help members of minority groups. But how does it help these people to give them a loan that they can't repay? They get into a house, yes, but when they can't make the payments, they lose the house along with their credit rating.
They end up worse off than before.
This was completely foreseeable and in fact many people did foresee it. One political party, in Congress and in the executive branch, tried repeatedly to tighten up the rules. The other party blocked every such attempt and tried to loosen them...
(Excerpt) Read more at ldsmag.com ...
They just couldn’t help themselves and now they are looked at with the same disdain and own the same aura of dishonesty as attorneys.
Last honest reporter? Too late. Ain’t none. Those lights’ll stay on.
oops. I meant that the lights will stay off. Idiot me.
This article was great. It just cuts through the lies and lays it out for all to see.
Absolutey Freekin’ Oustanding Article!
This article was read in its entirety on Rush Limbaugh’s show yesterday. Absolutely essential reading for all of us going to the voting booth.
If the Democrats promote the Fairness Doctrine in talk radio and the Internet, then let's face the facts once and for all time.
If the American People will not fight back using the means provided to those who live in a free republic, there will be no free republic and we will be transformed from the USA to the United States of Venezuela to the Republic of Cuba to the Republic of Zimbabwe.
I just worked up an appetite with this one. I better satisfy it before big brother tries to tell me what I can and can not eat.
Self ping for later read.
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