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Then the Atlantic hired Megan as an "econoblogger." Then again, "passing familiarity" is a somewhat apt description of her economic analysis. Most of it does, after all, read as if it were copied from the synopsis of chapter 2 in my high school economics text book.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2048715035467766557.post-31893450054021225532007-12-31T08:21:00.000-05:002007-12-31T08:21:00.000-05:00Megan wrote:It is not plausible to argue that the ...Megan wrote:<BR/><BR/><I>It is not plausible to argue that the banks knew the loans would go bad . . . and nonetheless jammed billions of them into their portfolios.</I><BR/><BR/>Um, yes it <I>is</I> plausible, if the banks assumed there'd be a bailout at the end of the party. They would naturally want to get while the getting was good, working under the very reasonable assumption that the Bush administration would look the other way when everything came crashing down.<BR/><BR/>Seriously, how stupid is Megan, really?spencerhttps://www.blogger.com/profile/01770056727940292951noreply@blogger.comtag:blogger.com,1999:blog-2048715035467766557.post-37695915984248508402007-12-30T23:18:00.000-05:002007-12-30T23:18:00.000-05:00Great job... particularly the analysis of the RP/N...Great job... particularly the analysis of the RP/NYT situation. Far beyond the scope of a blog such as this, but I hope to read someday a thorough analysis of the strange history of the NYT in promoting the conservative ascendancy of the past decade or more. From Judith and WMD to today's bit whitewashing the WH's role in the CIA tape debacle to hiring Kristol (for the love of God) the grey lady has either been artfully manipulated or an active participant in some of the most shameless propaganda efforts of our times.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2048715035467766557.post-28683751250281540232007-12-29T19:31:00.000-05:002007-12-29T19:31:00.000-05:00I think the Atlantic is staffed by a bunch of Libe...I think the Atlantic is staffed by a bunch of Libertarian wingnuts. McArdle is simply the most prominent one on staff.Anonymousnoreply@blogger.com