I am greatly disappointed that the daily camera chose to publish the recent article “Fix the Financial Crisis? Restore Regulation” on page 2 of the news section. Had this piece appeared on the editorial page, where it belonged, one could assess it for what it is: a regurgitation of the standard left wing canard that the entirety of the blame for the recent financial crisis is to be placed solely at the feet of those rapacious free marketeers. One could also note that the article makes no mention of the role of government policy in the recent meltdown, from Fannie Mae to Freddie Mac to year after year a low interest rates to the role of the Community Reinvestment Act, a law commanding that banks lend to those least likely to repay.
By publishing this article outside of the editorial page, the Daily Camera has bestowed upon it the tacit imprimatur of “news” and therefore “fact”, an appellation to which this piece is unquestionably unentitled. Such shoddy journalistic practice is unbefitting the Daily Camera.
John R. Ciminski