Confronting Liberal Media Bias

Mortgage Crisis (Balancing out the Liberal Media Bias with information not reported on, nor emphasized or just flat out biased that may have a negative effect toward values voters)

Morning Bell: Fannie and Freddie at Core of Housing Crisis-"Jim Johnson, the man recently chosen by Sen. Barack Obama to search for a VP candidate, is under fire for receiving millions of dollars in below-market loans from Countrywide Financial Corp. chief executive Angelo Mozilo...If Fannie and Freddie were private entities, they would be a considered a monopoly by Department of Justice anti-trust guidelines...Now Fannie and Freddie are in the same financial hole as Countrywide. They suffered $9 billion in mortgage-related losses last year and are sitting on another $19 billion in additional losses they have not yet fully acknowledged...Conservatives have been pushing for fundamental reform of Freddie and Fannie for years. Long before the subprime crisis became apparent, conservatives warned that “their commanding presence exposes U.S. financial markets to excessive risk and instability.”

Morning Bell: Holding Responsible Regulation Hostage-"At the height of the “mortgage crisis” liberal commentators gleefully claimed recent financial turbulence was proof that free markets didn’t work. If only the housing market in this country was actually free. In actuality, two government-sponsored entities, Freddie Mac and Fannie Mae, have used their guaranteed access to federal credit to establish an 80% market share in the mortgage reselling industry."