Your Random Saturday

Nick Rizzuto with some media bashing:

...Ultimately, the rise of the birther movement is the fault of a deficit of curiosity about Barack Obama on the part of the media...

Since day one Barack Obama has maintained an extreme amount of control over his image. One of the most important elements of that image has been the narrative of his past. To this end Mr. Obama has written two book that serve as the primary basis for this narrative. The media, whose very purpose is to be inquisitive, seems all too willing to accept it without question. Both Dreams from My Father and The Audacity of hope received scant scrutiny or fact checking. For comparison, the Associated Press devoted 11 reporters to pore over every word of Sarah Palin's Going Rogue.

Another example of the difference in inquisitiveness that the media has shown for this president as opposed to previous ones can be seen by the 2004 investigation of President George W. Bush's military records. The search for dirt on President Bush was so fevered that some seemed willing to throw journalistic standards to the wind in pursuit of something that would stick. Distinguished careers were destroyed in the attempt to uncover details about President Bush’s past...

Presuming the media’s love affair with President Obama continues, we can assume that their lack of curiosity will as well. For those who profess such admiration for the President but don’t seem to care much about whom he was prior to his emergence on the public stage though the question remains: Are you scared of what you'll find?

Thomas Sowell talks some sense to those that have little:

Take Wall Street "greed." Is there any evidence that people in Wall Street were any less interested in making money during all the decades and generations when investments in housing were among the safest investments around? If their greed did not bring on an economic disaster before, why would it bring it on now?

As for lenders, how could they have expected to satisfy their greed by lending to people who were not likely to repay them?...

Mortgages made in California were sold to nationwide financial institutions, including Fannie Mae and Freddie Mac, and to firms in Wall Street which bundled thousands of these mortgages into financial securities that were sold nationally and internationally. The problem was that, not only were these mortgages based on housing prices inflated by the Federal Reserve's low-interest rate policies, many of the home buyers had been granted mortgages under federal government pressures on lenders to lend to people who would not ordinarily qualify, whether because of low income, bad credit history or other factors likely to make them bigger credit risks.

This was not something that federal regulatory agencies permitted. It was something that federal regulatory agencies-- under pressure from politicians-- pressured and threatened lenders into doing in the name of "affordable housing."