Code of Living

Bubble Bath
The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation. (NYT, 9/2/2011)


Meanwhile, Barney Frank - who put political pressure on Fannie and Freddie to buy up more loans - walks the Earth a free man.


Irksome
But the dynamic, which Democrats largely blame Republicans for, has irked many of them, especially on the Hill. “I think it is unprecedented of a leader in the Senate of either party to say the most important goal he has is to make the current president a one-term,” said Senator Barbara Boxer, Democrat of California. “That is about respect, that is about priorities and it is just wrong.” (NYT, 9/2/2011)


Barbara Boxer weighs in.  Boxer who, of course, is well known for her civility towards President Bush.  Just kidding!


To The Races
There is the persistent and deeply uncomfortable question of race. Many African-Americans, including black lawmakers, and even white Democrats, have complained that some of the disrespect for Mr. Obama stems from distaste among some whites at the idea of seeing a black man in the Oval Office. (NYT, 9/2/2011)


An African-American can never run for president.  Wrong.  An African-American can never get his party's nomination for president.  Wrong.  An African-American can never be elected president.  Wrong. The Left will just never move beyond the issue of race, no matter what the facts have been.  And so they have to cling to increasingly absurd arguments like an African-American president is not 'respected' by his political opponents.