The Corner
Embattled mortgage company Fannie Mae is more than a victim of troubled housing conditions, Byron York writes. Its executives used accounting tricks to artificially inflate its earnings, which led to bigger bonuses for them but greater risk for investors, according to York. Barack Obama, who is suffering in the polls because Alaska Gov. Sarah Palin (R) has deflated his convention bounce and been able to woo women voters, faces the paradox of wanting to go after Palin yet trying to focus on John McCain, who is still at the top of the ticket, writes Victor Davis Hanson.
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