Economy

'World News' Claims 'Free Market Didn't Work' in Bear Stearns Collapse

ABC correspondent Terry Moran ignores lost jobs and money lost by shareholders in assessment the free market didn't work, 'government did.'

CBS Trots Out 'Great Depression' References in Wake of Bear Collapse

CBS's morning show gives a very grim report about the state of the economy after J.P. Morgan and the Federal Reserve act to keep beleaguered investment bank from failing.

Oops - CNBC's Cramer Said 'Don't Move' From Bear a Week Before Collapse

'Mad Money' host drastically underestimated the investment bank's trouble surrounding the mortgage crisis.

ABC Ignores Taxes Behind High California Gas Prices

'World News' segment about economic hardship due to higher gas prices in California fails to explain why that state's prices were higher to begin with.

'Today' Sends Mixed Signals on Markets

NBC co-host makes Great Depression comparison while CNBC contributors caution against panic.

CBS Guest: Taxpayer-Funded Bailout Needed So Taxes Can Be Collected Later

Economist Mark Zandi tells 'The Early Show' things bound to get worse, but has a backwards solution.

Not Just Recession, Clinton Appointee Talking 'Depression'

Former Labor Secretary Reich: 'I Think There's a 20 Percent Chance of a Depression'

Foreclosure Filings Drop Month-to-Month, So Burnett Reports Year-over-Year Increase

CNBC contributor emphasizes disappointing foreclosure numbers but ignores decrease highlighted by reporting group.

ElectionWatch: Clinton's Rate Foreclosure Freeze Could Cause 'Chaos'

Media gloss over details and effects of liberal candidates' proposed mortgage bailouts.

'Evening News' Plays Race Card on Home Loans

CBS suggests race was a factor in $300 delinquency surcharge in subprime hardship story.
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