What Financial Crisis?
Ryan Tate · 09/28/08 11:38PMCongress has drafted and frozen the consensus agreement reached this morning on the $700 billion Wall Street bailout. The House is set to vote tomorrow. Now would be the time for supporters to at least briefly indulge the naysayers, especially given the weak recent state of opposition politics in this country. Elven Ohio Democrat Dennis Kucinich has had his brief say on the House floor. And within the media? In 2006 it was a reporter for This American Life playing the contrarian, asking basic questions about then-popular subprime mortgages. "Sometimes, if you want the real answer, you have to ask a dumb question," Times columnist David Carr writes of the reporting in Monday's paper. Today , the person asking the "dumb" question is David Cay Johnston, until recently the Times' aggressive tax reporter. He's wondering whether we're in a crisis at all!