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Garrison Keillor

Wednesday, Nov 21, 2007 11:39 AM UTC2007-11-21T11:39:00Zl, M j, Y g:i A T

Why I didn’t invest in subprime mortgages

Something in me resists the idea of big profits, windfalls, bonanzas. In my field there are no great leaps -- it's one sentence at a time.

Why I didn't invest in subprime mortgages

I sit in wonderment at the story of W. Lance Anderson, the president of NovaStar Financial in Kansas City, who while handing out subprime mortgages to any applicant wearing shoes and a shirt managed to sink the company’s stock from $40 in June to $1.72. This is a man who earned $1.7 million in salary and bonuses last year, plus $711,386 in deferred compensation, plus more dough in various arrangements that dopes like me can’t quite grasp. Meanwhile, all the little investors in NovaStar are cutting back on Christmas gifts and canceling their winter vacations in Daytona Beach.

I myself would never invest money in a company headed by a man named W. Lance Anderson. The very name inspires distrust. What’s the W for? Wolfgang? Whoopee? Weasel? A man who goes by W. Lance is likely to wear tinted glasses and two-toned shoes, smoke Kools, and have a gun fetish. Nonetheless, a small army of hopeful investors bought into the idea that you can make money on bad loans and now they are left holding the bag while W. Lance goes on to his next great idea, perhaps a scheme for making purses from dog poop, and I wish him and his family well, but I will not be there for him at the IPO.

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Wednesday, Apr 14, 2010 12:20 AM UTC2010-04-14T00:20:00Zl, M j, Y g:i A T

The sensible virtues

You don't have to be so smart to make your way through adult life, but you should know the basic rules

The sensible virtues

Said it before, say it again: It’s a great country, and one of its beauties is freedom of expression, freer now than ever before, and another is a general amiability that you find everywhere, the helpfulness of strangers, the pleasure of small talk. Of course it’s spring and the air is brisk and this makes for public happiness. And I’ve just come from Nashville and Seattle, two mightily congenial cities. The young and restless stroll the downtown honky-tonks and a sweet breeze blows, laden with flowers, and it is darned near idyllic.

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Wednesday, Apr 7, 2010 12:20 AM UTC2010-04-07T00:20:00Zl, M j, Y g:i A T

Where’s our old-fashioned government jobs program?

It's intolerable that 15 million people are unemployed and many more underemployed. Work is redemptive

Where's our old-fashioned government jobs program?
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I think of myself as conservative and that’s why it was so irritating last Sunday in church when we were instructed to cry out gladly on cue, “He is risen indeed, Alleluia,” and so I did not. An invasion of privacy, and when the trumpets blared, trying to goose us into jubilation, I wished we could roll the rock back over the tomb with them inside it. I don’t do jubilation on command, and I don’t grin just because a photographer tells me to. I am irked at the cancerous spread of flutey mood music in public places and the plague of nannyistic warning signs in our nation (“Caution: coffee is hot.” “Road may be slippery when wet.”), and I avoid committees of earnest, well-meaning people. I believe in the entrepreneur, the impassioned individual. I’m a conservative.

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Wednesday, Mar 31, 2010 12:31 AM UTC2010-03-31T00:31:00Zl, M j, Y g:i A T

The old America is fading

In spring one has hopes for the beloved country. But an old guy like me can't keep the doubt from creeping in

The old America is fading

It is spring glorious spring (da do ron ron ron da do ron ron) and our gallant president has rallied his fractious forces against wacko demagoguery, the crocuses are up, and birds are returning from the South, preferring to raise their children here in Minnesota where we pull our pants on one leg at a time and not all at once. Some people in Washington haven’t managed to get their pants on in years.

Slowly, slowly, the simple fact dawns on the electorate that the Democrats have passed a moderate Republican healthcare reform. That’s what it is. The frenzy on the right is pure fear of stepping out of line with the Republican politburo and getting shipped to Siberia. This lockstep mentality is rare in American history. Here is a grand old party frozen, suspended, mesmerized, in thrall to a gaggle of showboats and radio entertainers and small mobs of fist-shakers standing staunch for unreality, and no Republican elected official dares say, “Let us not be nuts.” There will be books written about this in years to come, and they will not be kind to the likes of Rep. Boehner and Sen. McConnell.

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Wednesday, Mar 24, 2010 12:24 AM UTC2010-03-24T00:24:00Zl, M j, Y g:i A T

A toast to your health

Raise a glass for a landmark bill, achieved through the messy, maddening processes of representative democracy

A toast to your health

The mind glazes over at the sight of the words so let’s just refer to it as hrothgar reform and congratulate the president and Mrs. Pelosi for pushing it through Congress, a rational reform that the stonewall opposition depicted as a flock of hooded vampires rising from the steaming swamps of Stalinism. That strategy fell a few votes short.

Good hrothgar in America is a privilege and now Congress has, by a narrow margin, offered it up as a basic human right even if a person is unemployed and in poor hroth. This is a landmark bill, achieved through the messy and maddening processes of representative democracy, like harnessing tabby cats to push a plastic garden hose uphill, during which you read dozens of interesting articles about the fatal flaws of the Democratic Party and the twilight of the Obama administration, but what a difference a day can make. Goodbye, Sen. Scott Brown. Hello, Hrothgar.

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Wednesday, Mar 3, 2010 1:20 AM UTC2010-03-03T01:20:00Zl, M j, Y g:i A T

Play ball!

Come April, Minnesotans will be watching the Twins in the sunlight, in a beautiful little bandbox of a new ballpark

Play ball!
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We have a good guy in the White House, a smart man of judicious temperament and profound ideals, a man with a sweet private life, a man of dignity and good humor, whose enemies, waving their hairy arms and legs, woofing, yelling absurdities, only make him look taller. Washington, being a company town, feasts on gossip, but I think the Democratic Party, skittish as it is, full of happy blather, somehow has brought forth a champion. This should please anyone who loves this country, and as for the others, let them chew on carpets and get what nourishment they can. End of sermonette.

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