TV News LIES

Tuesday, Oct 14th

Last update07:57:12 AM GMT

You are here News Economy Private sector loans, not Fannie or Freddie, triggered crisis

Private sector loans, not Fannie or Freddie, triggered crisis

E-mail Print PDF

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.

More...


Most Recent Related Stories...


3 share Nobel Prize in Economics for work on technology, growth and creative destruction

Nobel in EconomicsThe Nobel Prize in economics was awarded to a trio of researchers Monday for their work...

Supreme Court says Trump cannot, for now, remove Lisa Cook from Fed; will take up matter in January

lisa CookThe Supreme Court said President Donald Trump must allow Lisa Cook to remain on the Federal...

Trump announces 100 percent tariff on China in response to rare earth controls

100% tariff on ChinaPresident Trump announced Friday he will raise tariffs on China in response to a move from...

The Federal Reserve’s independence is about to be tested like never before

Jay PowellThe time has come to ban the “revolving door” between the White House and the Federal...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!