TV News LIES

Sunday, Sep 23rd

Last update05:20:13 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...


China Tariff Retaliation Will Hit $60 Billion of U.S. Goods

Trade war with China China announced it will take retaliatory tariff action against $60 billion of U.S. goods, sharply escalating...

U.S. businesses roll out campaign to end tariff wars

US businesses roll out campaign against teriff warU.S. businesses have united in a campaign to be unveiled on Wednesday against President Donald Trump's...

Trump to announce $200B in tariffs on Chinese goods as early as Monday: report

Trump to announce tariffs on China as eartly as MondayPresident Trump will announce $200 billion in tariffs on Chinese goods early next week, despite his administration's...

Federal deficit soars 32 percent to $895B

ocbThe federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase...
 
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!