Media Matters and Kos have their knickers in a twist about my “Cause and Effect” posting yesterday, and they actually have a point. It should have been titled something more like “Misplaced Priorities,” because the point was not that gay or Hispanic employees caused WaMu to fail, but rather the irony that the bank was touting its diversity just as it was about to expire due to a mortgage meltdown driven by policital correctness about diversity. The Kossacks aren’t going to like that much better, but I want to make sure I tick them off for the right reasons.