Oh this one is good, make sure you go and read the entire article by author Orson Scott Card
Here's the genesis of this artice: Rush Limbaugh read it today on air, I posted a tweet about it and then got quite a few requests for a link to the article from friendfeed followers. So I went searching, and (update) found the article on the author's blog.
I have no doubt that if these facts had pointed to the Republican Party or to John McCain as the guilty parties, you would be treating it as a vast scandal. "Housing-gate," no doubt. Or "Fannie-gate."