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Joe Nocera rejects Morgenson's thesis, that Fannie gutted its credit standards in the 1990s.

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Contrary to what many believe, Reckless Endangerment never applied the fact-checking and full disclosure standards used at The New York Times.

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To create the meme that the mortgage crisis was caused by some misguided affirmative action program led by Fannie Mae, the authors of Reckless Endangerment invented a slew of false "facts."

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Morgenson's 16-year-old assault on objective reporting seems like deja vu all over again.

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