What could be more timely than a study about debt? With all the networks crying about oil prices and threats to the economy, consumers are feeling squeezed. Director of the Business & Media Institute, Dan Gainor appeared on the Fox Business Channel today to talk about the Culture & Media Institute and Business & Media Institute joint study, "DEBT Who'$ responsible?" That found the broadcast networks blame businesses, not borrowers for spendthrift ways.
"When you look at how the networks cover [debt] what you find is they ignore personal responsibility and flip it around and blame business for debt. Six times more they blame business than borrowers and almost two-thirds of the time they ignore the whole concept of personal responsibility," Gainor told viewers.
YouTube video after the break.
Gainor also pointed out that Sen. Chuck Schumer's new proposition to put more regulation on lenders giving out loans amounted to living in a "nanny state" where regulators would decide whether or not you can buy a house.
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You'd think the lenders
November 8, 2007 - 19:38 ET by Chris NormanYou'd think the lenders were drug dealers pushing heroin on little children.
Mortgage debt .. did not liberals demand...
November 8, 2007 - 23:18 ET by Gary HallMortgage debt .. did not liberals?
For the life of me, I can't put my finger on it, but a few years back, did not we have the Democrats and the media demanding that the mortgage lenders loosen up on the poor and minorities. Were there not these stories being presented in the mainstream media that the lenders were discriminating. Did not the lenders loosen up the rules and start extending looser loan requirements to these very people who are getting hit the hardest right now/
So many questions, such little interest by journalists.