Twas the night before Christmas and in the White House, spinmeisters were stirring trying to churn something out. While taxpayers were settling down, all snug in their beds, Treasury announced something that left us shaking our heads: “Merry Christmas to all and to Fannie and Freddie execs big bonuses anD unlimited bailout checks.”

Say what? That’s not how the rhyme goes; it’s not even the right meter. But sure enough in a cynical



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Hawaii Reporter is an award-winning, independent Hawaii-based news and opinion journal founded in 2001 and launched in February 2002. The journal's staff have won a number of top awards from the Society of Professional Journalists, including the top investigative news reporting awards, business reporting awards, government reporting awards, and online news reporting awards.