Monday, September 08, 2008

McClatchy Bias against Palin

McClatchy story insinuates that Republican VP Palin doesn't know that Fannie and Freddie are private companies.

The Bias (in bold): "McCain's running mate, Alaska Gov. Sarah Palin, speaking in Colorado Springs, Colo., said Fannie and Freddie had "gotten too big and too expensive to the taxpayers." The companies, however, aren't taxpayer funded but operate as private companies. The takeover may result in a taxpayer bailout during reorganization."

The Evidence from the same story (in bold): "Paulson told Republican John McCain that Fannie and Freddie — which purchase mortgages from banks and package them into popular bonds sold to investors — would be seized and placed under temporary control in one of the largest government bailouts ever."