Bush administration officials and bankers take a chainsaw to regulations
It didn’t take long after the financial crisis hit before the conservative talking points started appearing on Fox News, media critic Eric Alterman points out. The blame-shifting spread to several other news organizations, primarily on op-ed pages, the Media Matters Action Network found. Fortunately, some reporters kept pounding the pavement for facts: McClatchy pulled federal housing numbers to show which banks had the biggest appetites for subprime mortgages. Guess what? They got into the mess all by themselves.
