The evidence is overwhelming. From Fannie and Freddie to Lehmann and AIG, no major news outlet has yet taken the time to investigate the root causes of the meltdown and report back to the American public.
Where are the multi-part investigative reports on the news that cover the history of Fannie and Freddie, the conditions that caused the mortgage mess, why they happened and who were the key players?
Has anyone answered to your or my satisfaction these basic questions? --
Why were mortgage brokers allowed to sell mortgages to unqualified borrowers?
What was the role of Fannie Mae and Freddie Mac in the buying and selling of these mortgage-backed securities throughout the financial industry?
Who ran Fannie Mae and Freddie Mac? Since they were quasi-government institutions, who in the government was responsible for their oversight?
Was there anyone on Wall Street or in the Federal Government who saw this meltdown coming and tried to sound the alarm? If so, how did authorities respond? If not, how could that happen?
What Federal Agencies were responsible for regulating Fannie and Freddie? Did they discover the problem and try to do something about it? Or were they stopped by politicians higher up the ladder?
Instead of independent investigations giving the public facts on these and other questions, all we see is a megaphone handed to Obama with a slap on the butt and a "go get 'em tiger!".
And that's the answer to the basic question I've posed. If such an independent investigation were to take place by reporters who are willing to report the truth, no matter how it might reflect on one candidate or the other, it could kill the candidacy of their own favorite candidate.
Objective journalism appears dead, and with it American democracy. When the press becomes monolithically partisan and chooses to withhold the truth from the public if it might reflect badly on their chosen candidate, the dream that was America is lost.
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