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GARRISON KEILLOR
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Why I didn't invest in subprime mortgages
I sit in wonderment at the story of W. Lance Anderson, the president of NovaStar Financial in Kansas City, who while handing out subprime mortgages to any applicant wearing shoes and a shirt managed to sink the company's stock from $40 in June to $1.72. This is a man who earned $1.7 million in salary and bonuses last year, plus $711,386 in deferred compensation, plus more dough in various arrangements that dopes like me can't quite grasp. Meanwhile, all the little investors in NovaStar are cutting back on Christmas gifts and canceling their winter vacations in Daytona Beach.
Efforts to choke off debate and slinging mud begin
Every election year journalists unlimber a single word that helps to suppress real debate of the issues, and the Democratic presidential debate in Las Vegas saw an earlier-than-normal use of this technique.
Letters to the Editor
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