CNN Host Calls for Mortgage Regulation
Perhaps CNNâ€™s â€śOpen Houseâ€ť should be renamed to â€śOpen Bias.â€ť The April 21 show had host Gerri Willis issuing her own call for new mortgage regulations.
In a short segment on the subprime mortgage market, Willis pointed out that lawmakers were â€śjawboningâ€ť in D.C. about the issue. She mocked Sen. Chris Dodd (D-Conn.), who held â€śa homeownership preservation summit,â€ť for not doing anything. â€śI guess the wheels turn pretty slowly inside the Beltway,â€ť she commented.
Then she blamed congressional inaction for hurting homeowners. â€śPoliticians have yet actually to write some legislation to take on this problem, and that is hurting tens of thousands of people across this country,â€ť she said. Willis made no mention of personal responsibility in homeowners borrowing more than they could pay.
This wasnâ€™t the first time Willis took an anti-industry position that excluded personal responsibility. In August 2006 she complained that a court ruling in favor of insurance companies had hurt uninsured Katrina victims. â€śA federal judge deals a big blow to homeowners recovering from Hurricane Katrina,â€ť said Willis on the August 19 â€śOpen House.â€ť â€śItâ€™s a blow to the hundreds of homeowners who did not have flood insurance along the Gulf Coast,â€ť she explained.