GregNews

Signs of Bizarro World: Using terms like “perverse” and “disingenuous,” Uber-liberal journalist Robert Scheer defends — yes defends — the economic record of Ronald Reagan against accusations from NYT’s uber-liberal Paul Krugman that the former president is most to blame for the credit crisis and mortgage meltdown:
It is disingenuous to ignore the fact that the [...]

Here’s Karl Rove, with some succinct points:
Mr. Obama also said that America’s economic difficulties resulted when “regulations were gutted for the sake of a quick profit at the expense of a healthy market.” Who gutted which regulations?
Perhaps it was President Bill Clinton who, along with then Treasury Secretary Larry Summers, removed restrictions on banks owning [...]

History is written by the victors, and the Obama Democrats will prove to be no exception to this rule. In the coming weeks (and beyond) expect to hear the president and his supports propagate that George W. Bush’s “tax cuts for the rich” created our economic downturn. The attack will lack any economic evidence, of [...]

Washington Post:
Internal Freddie Mac documents show that senior executives at the company were warned years ago that they were offering mortgages that could pose dangers to the firm, hurt borrowers and generate more risky loans throughout the industry.
At Fannie Mae, top executives were told it was necessary to develop “underground” efforts to buy subprime mortgages [...]

“Citi never sleeps,” says the bank’s advertising slogan. But its directors apparently do. While CEO Vikram Pandit can argue that many of Citi’s problems were created before he arrived in 2007, most board members have no such excuse. Former Treasury Secretary Robert Rubin has served on the Citi board for a decade. For much of [...]