Then there's Fannie Mae executive vice president Beth Wilkinson, who Forbes.com reports was making $3 million per year in salary and bonuses as Fannie Mae collapsed. She resigned when the government took over on Sept. 20. On June 16, 2006, the New York Times reported her naivete on the way in: "Ms. Wilkinson, for example, knew nothing about the mortgage-backed securities at the core of Fannie Mae's business." But on her way out, her cluelessness no longer in doubt, nobody questioned how this woman was qualified.
No one in the media would be so rude as to note that NBC reporter David Gregory is married to Wilkinson and her ill-gotten millions. Gregory even discussed Fannie Mae on the Aug. 10 "Meet the Press" without disclosing his family tie.
Once again, we have to shake our heads as the "mainstream" (how I hate that term!) media work like a grubby protection racket for their friends and ideological allies. At the very same time liberal media elites mock John McCain for declaring the economy was "fundamentally sound," they ignore statements like Barney Frank's line in 2003: "The two government sponsored enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis."
Bill O'Reilly was mocked in media circles for calling Frank out for his "brilliant" mismanagement. But the more scandalous interviews are the network people who interviewed Frank and Dodd and treated them as Masters of the Congressional Universe, instead of the boys who dawdled while Hurricanes Fannie and Freddie rolled into Washington and drowned the financial system. There was no "Heckuva job, Barney" on the network sets.
On NBC, Matt Lauer asked Sen. Dodd penetrating questions like "Did Barack Obama play a major role in the legislation that you're gonna get a chance to vote on this week?" On ABC, Diane Sawyer was even more ridiculous with Dodd, replaying giggly clips of Stephen Colbert saying the financial brink is getting "brinkier." Who said these shows were serious programs holding the government accountable?
No one on these chucklehead programs dared to ask a classic Tim Russert-style question putting Frank's and Dodd's misdeeds and misstatements into a text box. When it comes to corruption and the Democrats, the networks see no evil, hear no evil and definitely speak no evil.