credit crunch

CBS Disagrees with Fed, Presents Worries about 'Credit Crunch'

admin — Wed, 08 Aug 2007 21:53:14 +0000

Jeff Poor

Apparently being able to obtain a mortgage without a co-signer is more important to CBS than protecting against inflation.

“Had the fed lowered interest rates, 26-year old Amanda Michalko of Roosevelt Park, Mich. would have benefited from lower monthly mortgage payments – assuming she could get a mortgage,” said CBS correspondent Kelly Wallace on “Evening News” August 7.

ABC Hypes 'Market Meltdown' with Misleading Data

admin — Mon, 06 Aug 2007 15:28:26 +0000

Jeff Poor

“Good Morning America” got off to a gloomy start on August 6, with financial worries about Wall Street, the “credit crunch” and home foreclosures.

“We do begin with the week on Wall Street, where the Dow took another huge hit, plunging 280 points in just two hours. The cause of the worst credit crunch in almost quarter a century and you’ve seen it in the neighborhoods – a record number of foreclosures,” said anchor Diane Sawyer.

NBC Hypes Credit Problems as Fuel for Dow Sell-off

admin — Mon, 30 Jul 2007 21:21:54 +0000

Jeff Poor

Is the media pushing the “credit crunch” as a catalyst for the recent decline in the stock market?

It seems the media know why the stock market is down. Some journalists are blaming this recent correction in the stock market on widespread credit problems and point to troubles in the housing market as evidence.