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
Janet Yellen, the Treasury secretary, said her agency will need to start taking “extraordinary measures”, or...
JPMorgan Chase is summoning all staff back to the office, becoming the latest corporate giant to...
The parent company of TGI Fridays, the casual dining chain, has filed for bankruptcy, the company...
