Calculated Risk and Tanta have been on the war path. They are fed up with people who talk about the current problems as being sub prime problems. This is a pretty sick example of why they don’t think that the current problems should be blamed on poor people.

Is a newspaper doing its job when it presents two sets of statistics as being fact in the same article when the two figures are mutually exclusive? Felix Salmon points out that the reporting on the Black Friday sales just does not add up.

The Fed is taking more steps to bail out the banks. I guess this a sub prime problem because people who are sub prime don’t get the bail out.