The Corner

To Steve and Peter’s Points

1.  Peter, I’m sure — or maybe President Bartlett will appoint a commission to investigate the predatory lending that caused this crisis.

2.  I would just add the following to Steve’s excellent “How to explain Fannie & Freddie simply and in 30 seconds or less”: 

Executive compensation:

Franklin Raines (Obama adviser and Fannie CEO 1999-2004):  $90 million

Jim Johnson (Obama adviser and Fannie CEO 1991-1998): $21 million in 1998 alone — which, as Byron has detailed, was initially concealed from the public) (I haven’t been able to find, in a quick search, how many more millions he made from 1991-1997)

Jamie Gorelick (former Clinton administration Deputy AG & Fannie vice chair 1998-2003): $26 million.

Campaign Contributions

Barack Obama, though only in the Senate since 2004, took in $126,349 from Fannie & Freddie (second only to Sen. Chris Dodd, $165,400 — whose collections go back to 1989). 

Taxpayer Liability Increase

Potentially $5 trillion.

Most Popular

Politics & Policy

The Blackface Party

I must have missed something: Was there some kind of all-hands white-people meeting at which we voted to kick the Democrats out? Elizabeth Warren, Rachel Dolezal, Beto O’Rourke — what’s up with all the ethnic play-acting? Isn’t cultural appropriation supposed to be a bad thing among progressives? Isn’t ... Read More
Film & TV

A Right-Wing Halloween

‘The world is not a dark and evil place,” insists an exasperated woman played by Judy Greer in Halloween. “It’s full of love and understanding!” I put the question to the class: Is she right? In the new film (not a reboot but a sequel that occurs 40 years after the events in the 1978 original and ... Read More