As the economy worsens and Election Day approaches, a conservative campaign that blames the global financial crisis on a government push to make housing more affordable to lower-class Americans has taken off on talk radio and e-mail.
Commentators say that's what triggered the stock market meltdown and the freeze on credit. They've specifically targeted the mortgage finance giants Fannie Mae and Freddie Mac, which the federal government seized on Sept. 6, contending that lending to poor and minority Americans caused Fannie's and Freddie's financial problems.
Private sector loans, not Fannie or Freddie, triggered crisis
The US dollar has had its worst first half-year in more than 50 years, as the...
Federal Reserve chair Jerome Powell said earlier this morning that the central bank would likely have...
