crunch

Reuters Story Makes Outlandish Claim: U.S. Depression a Likely Possibility

Report raises the prospect of the U.S. government being forced into buying American stocks to avert an economic crisis.

ABC 'World News' Goes after Credit Card Companies

Network fails to explain: just because the Federal Reserve cuts interest rates, it doesn't undo supply and demand in the credit market.

ABC: Housing Crisis Leading People to Burn Down Their Homes

Segment portrays home borrowers nearing foreclosure as high-risk for arson with extreme statements.

A Tale of Two Cramers: CNBC Host Does Complete Reversal on Market Outlook

'Mad Money' host Jim Cramer predicts financial stocks will make 'a fortune' and there will be a 'housing shortage a year from now.'

Post Finance Columnist Fawns over Hillary Clinton

Michelle Singletary describes Clinton's proposal for taxpayer-funded help to debt-ridden Americans in glowing terms.

Bernanke Says No Recession; U.S. Economy Will Show 'Resilience' in Long Term

Fed Chairman tells House Budget Committee a stimulus package could be needed to help the economy in the short-term; food and energy prices should 'decelerate.'

Even CNBC Stock Analyst Assumes Recession is a Foregone Conclusion

'Squawk Box' regular David Faber expresses concern over business spending.

'World News' Finds Extreme Examples of Mortgage Crises

ABC's Betsy Stark frames rise in foreclosures as the fault of widespread fraud, not poor judgment from lenders and buyers.

Signals Suggest Home Financing Giant Countrywide Will Weather Credit Crunch

Media reports of bankruptcy appear to be premature, as the Fed cuts discount rate and mortgage lender secures $11 billion in financing.
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