Alarming News: I like Morgan Freeberg. A lot.
American Digest: And I like this from "The Blog That Nobody Reads", because it is -- mostly -- about me. What can I say? I'm on an ego trip today. It won't last.
Anti-Idiotarian Rottweiler: We were following a trackback and thinking "hmmm... this is a bloody excellent post!", and then we realized that it was just part III of, well, three...Damn. I wish I'd written those.
Anti-Idiotarian Rottweiler: ...I just remembered that I found a new blog a short while ago, House of Eratosthenes, that I really like. I like his common sense approach and his curiosity when it comes to why people believe what they believe rather than just what they believe.
Brutally Honest: Morgan Freeberg is brilliant.
Dr. Melissa Clouthier: Morgan Freeberg at House of Eratosthenes (pftthats a mouthful) honors big boned women in skimpy clothing. The picture there is priceless--keep scrolling down.
Exile in Portales: Via Gerard: Morgan Freeberg, a guy with a lot to say. And he speaks The Truth...and it's fascinating stuff. Worth a read, or three. Or six.
Just Muttering: Two nice pieces at House of Eratosthenes, one about a perhaps unintended effect of the Enron mess, and one on the Gore-y environ-movie.
Mein Blogovault: Make "the Blog that No One Reads" one of your daily reads.
The Virginian: I know this post will offend some people, but the author makes some good points.
Poetic Justice: Cletus! Ah gots a laiv one fer yew...
Boortz has a newspaper clipping…nothing really special about it, it might as well be one of many others. But it’s some good research material to have and to study right about now.
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: September 30, 1999In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Yay! While we’re at it, let’s start using pure hydrogen in our derigibles.
The story really couldn’t be simpler. The free market says “don’t make this loan” — the government, with government-sponsored entites, steps in and says “Hey we’re the government we know more about this than you do” — and, a few years down the road, it turns out the free market knew what it was talking about. The folks who want government to run more things, start blaming the free market. Smart folks don’t listen to ’em; dumb ones do.
If the cause-and-effect is still a mystery to you…well then, you just might be a liberal democrat.
Leave a Reply
You must be logged in to post a comment.
What is the reference to hydrogen in dirigibles? Not as if that is particularly unsafe, is it?
- Grizzly | 10/01/2008 @ 01:21It’s a reference to the Hindenburg disaster. The idea that using hydrogen caused the accident is still subject to debate, but the analogy has several other connections as well. The most substantial connection I’m using with regard to what’s going on here, is the situation where something looks like a profoundly stupid idea in retrospect, when in prospect it seemed like such a wonderful thing nobody dared to speak up against it. The whole “nationwide program” comment really got my snark on there; it’s the way bureaucrats and politicians work — “that other guy had an idea to do a smidgen of this, so he’s a decent fellow, but I’ve got the idea to do the same thing on a LARGER scale, so that makes me absolutely wonderful.”
Although most passengers survived Hindenburg’s fateful last flight, it remains a true disaster because it is widely regarded, in the annals of air travel history, as the closing chapter of passenger flight by derigible. And so the analogy works there too — we’re going to have to have some new rules in place because of what happened here. The regulators are going to have to be regulated.
- mkfreeberg | 10/01/2008 @ 08:40