Slog - Comments on "Then Mr. Mozilo offered everyone a breath mint." http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath You'd think I'd have more of a handle on the mortgage fiasco considering my family just lost a house--the house I was a teenager in--to foreclosure. But whenever I try to read in the paper about the collapse of Fannie Mae and Freddie Mac, I can't figure out what the hell anyone's talking about. The blizzard of terms loses me and, in the blizzard, the competing versions of events are impossible to sort out. For a while I stopped reading those stories because I just couldn't make sense of them. Then yesterday the New York Times published this piece on... Copyright 2008 Mon, 06 Oct 2008 12:53:22 -0800 Mon, 06 Oct 2008 15:42:24 -0800 http://www.movabletype.org/?v=3.34 http://blogs.law.harvard.edu/tech/rss Comment by mnm this kind of piece is why i hope traditional papers never are never replaced by blogs

]]> mnm http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165845 http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165845 Money Mon, 06 Oct 2008 13:01:46 -0800 Comment by meisha This past weekend the "This American Life" was pretty helpful. And it's free for podcast download!

]]> meisha http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165883 http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165883 Money Mon, 06 Oct 2008 13:12:24 -0800 Comment by Fnarf I said this in another thread, but you should definitely listen to This American Life's recent episode, "Another Frightening Show About The Economy": http://thislife.org/Radio_Episode.aspx?episode=365

]]> Fnarf http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165885 http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165885 Money Mon, 06 Oct 2008 13:12:33 -0800 Comment by Lucky Meisha & Fnarf, I just listened to the TAL podcast while at the gym this morning, and it was the most depressing workout ever. The episode was a sort of follow-up to the one they did last spring on the mortgage crisis - Ep. 355, I think, available for purchase through the website.

]]> Lucky http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165899 http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165899 Money Mon, 06 Oct 2008 13:15:27 -0800 Comment by Will “I’m not worried about Fannie and Freddie’s health, I’m worried that they won’t do enough to help out the economy,” the chairman of the House Financial Services Committee, Barney Frank, Democrat of Massachusetts, said at the time. “That’s why I’ve supported them all these years — so that they can help at a time like this.”

I'm really surprised that you linked this up here for the article doesn't seem point to Dubya or Sarah Palin as the main culprit in this mess. How can that be? Surely, Trig had some fault in all this.

No, the real asshole and culprit is Barney Frank and his lib buddies that refused to allow even the slightest bit of regulation on these hallowed institutions. (And that Franklin Raines fuck.) Always pushing for stronger new regulations on corporations but repealing those aimed at our great socialist mortgage insurance holes.

]]> Will http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165934 http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165934 Money Mon, 06 Oct 2008 13:23:56 -0800 Comment by Fnarf Yes, it's depressing, but it's important to understand why all this talk of "bailing out Wall Street while giving nothing for Main Street" is so idiotic. There is no dichotomy there; we NEED "Wall Street" (really, international banking) to make Main Street go. The "bailout" may not be enough, but the political cost of it, by ignorant nimrods intent on punishing those they believe are responsible, no matter what the cost, means that we'll never be able to fix it. We're just going to watch it go down.

]]> Fnarf http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165935 http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1165935 Money Mon, 06 Oct 2008 13:24:08 -0800 Comment by Gr8 Pair the suggested article with This American Life's show, "Big Pool of Money" and suddenly, the entire mortgage mess/credit crisis/scary money stuff will make sense.

Here it is: http://www.thislife.org/Radio_Episode.aspx?episode=355

]]> Gr8 http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1166171 http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1166171 Money Mon, 06 Oct 2008 14:25:02 -0800 Comment by RonK, Seattle *Sigh*

Apparently, "being hip" and "understanding shit" interfere with each other.

]]> RonK, Seattle http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1166374 http://slog.thestranger.com/2008/10/then_mr_mozilo_offered_everyone_a_breath#c1166374 Money Mon, 06 Oct 2008 15:42:24 -0800