Jame Hamsher of Firedoglake breaks with the liberal pack and says corruption must be opposed everywhere, not just when the other side is doing it. Absolutely. She specifically means Rahm Emmanuel, the White House, and their sleazy dealings with Fannie and Freddie.
Forget raising the cap to $800 billion for Fannie/Freddie. They announce (on Christmas eve no less) that the slush fund for picking up toxic mortgage is unlimited:
Announcing this on Christmas Eve is a sure sign they wanted to bury it and hope it was ignored.
As Ian Welsh notes, now that the Fed might actually be audited, what better place to stash all those toxic assets than at Fannie and Freddie, where there is no independent auditor since they sacked their own Inspector General?
She finds Rahm’s action indefensible. And has no use for those who just want to be on the side that’s winning. Good.
I think what we’re seeing is a breakdown of the progressive online community into those who are willing to overlook extreme financial malfeasance if “our guys” are the ones doing it, and those who don’t want to be part of “our guys” if that’s the price. Count me in with the latter group, because the hypocrisy of the former is what led to the Bush dead-enders and their irrational embrace of George Bush beyond limit. A small cabal who can only interpret things through personalities is going to lose the rest of the country pretty quickly, because most people actually believe that these continuous bailouts are part of the “enormous problems” we are struggling with.
If you’d like to be part of the “principles before personalities” community, sign up to blog at The Seminal.
The White House responded to her joint call with Grover Norquist for Rahm to resign saying Rahn was in no danger. But they did respond. Hamsher is making real enemies here and deserve the complete support of those who genuinely want to end corruption and bailouts for banksters.