Tuesday: Burned

Michael Kanellos/CNET: Will taxes halt Calif.'s solar thermal ambitions?
The House of Representatives passed a bill that would provide $21 billion in tax credits to the renewable industry and require utilities to increase their renewable portfolios to 15 percent. The Senate, however, rejected it, putting the credits in limbo.
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Interest rate 'freeze' - the real story is fraud [h/t to susie dow]
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Hoover's Horrors in the Senate present themselves as standing on a particular set of values. Kinda hard to do when those "values" are shadows on quicksand.

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The Op-Ed is a doozie, no? Olender really nails it. It's a shame no one will listen.

The sole goal of the freeze is to prevent owners of mortgage-backed securities, many of them foreigners, from suing U.S. banks and forcing them to buy back worthless mortgage securities at face value - right now almost 10 times their market worth.

The ticking time bomb in the U.S. banking system is not resetting subprime mortgage rates. The real problem is the contractual ability of investors in mortgage bonds to require banks to buy back the loans at face value if there was fraud in the origination process.

And, to be sure, fraud is everywhere.

I'm also seeing a substantial shift in coverage of most issues across media lines - print, radio, video, cable. "Reality" anything becoming a self-fulfilling prophecy.