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Tuesday, July 15, 2008

Blog Days Like Light Years

Okay, so I've been remiss in posting these last few days, being, as they say, "otherwise occupied." Just a couple of days, though, right? Wrong. A couple of days in this political and economic environment is quite a long time to be disconnected. Last I posted, the Feds had siezed and taken control of IndyMac Bank, with the OTS trying to lay the blame at the feet of Sen. Chuck Schumer (the FDIC has since halted foreclosures and frozen HELOC lines pending reviews of each account). Lots of big news going into a weekend.

So, in the time I spent away from the Thorn Papers, what else really could have happened? Well, as it turns out, a whole lot.

You and me, we'll be bailing out Fannie and Freddie, the Federal Reserve discovered sanity in lending practices (albeit about half a dozen years too late), the New Yorker flipped its friggin' lid, John McCain and his surrogates kept on lying, we got word of a cash-for-access scandal from inside DHS and we're all on the lookout for more bank failures.

What's that ancient Chinese curse? "May you live in interesting times." Heh. Indeed.

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