Ed Pinto

There are a lot of crackpots like Ed Pinto, though few have attained his platform and level of respect.  Like many of his cohorts, Pinto scavenges the public record from some kind of factoid, which is then presented out of context as "proof" of an otherwise indefensible theory.
This type of cherry picking pervades his "study" about, "50 years of failure at the FHA." Over the past few months, his findings have been touted CNBC,  on Fox Business News and Bloomberg Radio. The American Enterprise Institute scholar has been afforded platforms inThe Los Angeles Times, American Banker, The Atlantic, and The New York Times.



How did Pinto unearth this half century of "failure," given that the Federal Housing Administration belongs to a very elite group of mortgage lenders, those that received zero bailout funds during the financial crisis and remain standing today?  (The FHA has been self-supporting since its founding 78 years ago.) Pinto simply refuses to discuss FHA's financial track record.


 http://www.dailykos.com/story/2013/02/18/1179340/-Mortgages-Ed-Pinto-And-A-Vast-Conspiracy-Of-Silence