The latest "meltdown" explanation

Mona Charon's review here of "Reckless Endangerment" by Gretchen Morgenson and Joshua Rosner, both NYT reporters, is the latest in a number of books on the cause of the 2007 financial meltdown.  Based on most of the other books out there, Mona and Joshua have got it about right:  the principal cause of the "meltdown" was the politicization of Fannie Mae and Freddie Mac by the Democrat Party over a period of time dating back to the '60's.  Jim Johnson, a democrat political operative for many decades, and all those like Frank Raines, Jamie Gorelick and their supporters in the Congress, including Barney Frank, Chris Dodd and of course Barak Obama. Mona points out the great effort on the part of the MSM to rewrite history in order to cover for these liberals now on going through all their outlets.  Their main distortion is the notion that the greedy Wall Street bankers were the primary cause, entirely overlooking the fact these "greedy" types were merely providing the means to carry out the policies of the political class writing the laws that encouraged and enabled the whole scheme to become reality in the first place.  At this point in time no amount of dissembling by the water carriers for the democrats can cover up this scandal.

Political correctness and the incomparable Mark Steyn

If there is a more astute observer/commenter on the politically correct scene today than Mark Steyn, I for one would like to meet him/her.  This "monologue" is Steyn at his best and if we fail to heed what he is saying here, freedom of speech and freedom in general is sure to go down the drain.  Unfortunately to unwind this mess we have to perform root canal like surgery in the colleges and court system and among those already infected by the disease  of political correctness spread by the liberals in academia, federal agencies and among many in the legal profession.  Steyn knows from personal experience just how vulnerable we all are at this point in history.