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Iraq War Effects Missing from Coverage of Fannie Mae and Freddie Mac Troubles  »  Godless Liberal Homo
This New York Times article ( "U.S. Weighs Takeover of Two Mortgage Giants" - 7/10/08) is typical of how the corporate media omit underlying causes in reporting on current economic difficulties.You can see how the Iraqtastrophe is impacting events, but you have to think very carefully while you read. Here's one example, a sentence starting the second paragraph:The companies, Fannie Mae and Freddie Mac, have been hit hard by the mortgage foreclosure crisis. Let's review three of the ways that the war on Iraq has contributed to this foreclosure crisis.- The resulting increase in oil prices has pushed ...
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Keywords:  rising oil prices   mortgage paper   york times article   mortgage foreclosure   fannie mae and freddie mac  
Posted:  7/12 1:59am