This is what modern journalists should be doing... using the power of their databases to either confirm or deny claims that are given by the politicians of today.
For instance, the democratic party has been claiming that the Republicans are to blame for the lack of regulations on mortgage institutions like Fannie Mae & Freddie Mac.
But as this New York Times article says:
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
Later, it says:
”Fannie Mae has expanded home ownership for millions of families in the 1990’s by reducing down payment requirements,” said Franklin D. Raines, Fannie Mae’s chairman and chief executive officer. ”Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.”
Read the whole thing.
-John
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