Networks, Once Silent on Fannie Mae, Blame Capitalism for Debacle

In 2005, 2008 TV journalists wouldn't criticize GSEs; now reporters blame deregulation, GOP.

By Julia A. Seymour
Business & Media Institute

As politicians point fingers over who created the financial mess that has taken down major Wall Street players and resulted in the government takeover of Fannie Mae and Freddie Mac, the broadcast media’s role in the disaster has been largely overlooked.

It was the TV news media that practically ignored.....