Ok, I understand that there are some of you who aren't going to like the origins of
this article, because it comes from the National Review Online. But perhaps the last paragraph, quoted below, will entice you to read it:
"While the aforementioned 2004 hearing revealed Democrats as the more vocal Fannie and Freddie defenders, the corruption runs deep and is likely bipartisan in nature. Ultimately, partisan concerns should be shunted aside and the chips should fall where they may. If Congress is eventually going to demand that taxpayers cough up nearly a trillion dollars to prop up irresponsible actors in the financial sector, it’s only fair we know who in Congress was getting paid to look the other way."He suggests that
all of the documents that the government is getting from Fannie Mae and Freddie Mac be placed on line so that we can see who was responsible for their failure.
I'm for transparency. How about you?
While we're at it, I'd like some transparency from some other areas of government too.
In fact, I'm in favor of all financial transactions, everywhere, being public. But few folks would agree with me. :-)
Not that I actually have an "if I ruled the world" list, for that matter. But you know what I mean.
Is this accurate? Did the Keating Five actually do *nothing* to prevent the investigation? I had never heard this opinion advanced before. From Wikipedia:
I am confused.
Here's a long article from the Arizona Republic on the subject. McCain wasn't 100% clean, hence the "poor judgment" finding, but it seems that the worst thing that he did was attend a meeting with regulators along with the rest of the Keating Five (where he said he didn't want the regulators doing them special favors, apparently without a nod and a wink) and that he was late in reimbursing Keating for some vacation expenses that he should have reimbursed much earlier.
Honestly, I think that McCain's "maverick" reputation comes from his wanting to atone for having gotten as close to the edge as he did here.
Is that in fact true? Because it doesn't square with what I thought was common knowledge.
For the record, I accept that while McCain probably wasn't 100% clean, he probably didn't do anything *that* bad, in case that was confusing the issue.
Admittedly ambiguous.
"Even the conservative National Review magazine wonders why..." (my emphasis)
Just being transparent with your sources Bill.
Oh, and you read
I admired the National Review much more when it was Buckley's baby, and I think it has deteriorated, particularly lately, on line. Still, I follow it.
I don't often agree with it. Or at least, frequently I seem to agree with the starting premises, but then they go off from there in directions that I do not care for. But I do follow it.
Don't read Kos, but I do try to find time for Slate when I can.
NYTimes and London Times are my two primary sources of news. I try to take in other countries periodically. NPR and BBC are my radio sources.
Not even for fairness sake can I stomach either Fox or Limbaugh. But then, I don't stomach Olbermann, either.
Newsweek, Time and US News & World Report are my staple magazines. Once I'm done moving, I'll take some time to add the Economist.
Your friends are thinking people. I'm sure you've noticed that. :-)
Oh, and transparency -- all for it. In fact, if more US citizens took the time to be informed, we'd have a lot more of it without any additional regulation.
Transparency is not something the Republican party has been crying for in the last 8 years, or so. Not sure the Democrats would be as happy as they think they would be about it, either.
[edited to replace % with &]
Edited at 2008-10-02 02:50 pm (UTC)
I think this is a fine idea.
We should also appoint an independent prosecutor to get to the bottom of the Department of Justice mess. One with full subpoena powers and the power to jail any witnesses who refused to show up for questioning for contempt of court.
Or we could just put all *those* documents on the web for anyone to Google. But seriously, if the current administration had access to the server, just how long would that last? Which is also the problem with the FM mess, actually. No, the independent prosecutor would be the way to go.
We all want transparency, and it's about time we got it. Some things are just too important to leave in the dark.
Done.
Didn't know you had such influence, did you?
In other words, if I'm understanding right, she still reports to Michael Mucazey (sorry if I've misspelled that), who was appointed by George Bush and who has done nothing to correct either the injustices perpetrated on Federal Prosecutors who refused to be used as political tools, or the presence of incompetent ideologues hired under his predecessor.
I see a problem there. I'm inclined to believe she's probably generally honest and good at her job, but when she's working under someone who has shown very little interest in really correcting the results of the abuses, I'm not sure she will be free to do her job properly.
I want an *independent* prosecutor. The kind the administration can't turn off when she discovers something inconvenient.