 |
       
|
All three networks filed features on the fallout from this financial crisis. On CBS, Ben Tracy surveyed the "wealth of bailout backlash" in the population at large, as his own network's opinion poll showed only 16% support for the bill. NBC had CNBC's Dylan Ratigan explain the economic arguments for and against the bailout. Some critics worry that the plan "does not address the root of the problem--housing." ABC assigned Barbara Pinto (embargoed link) to take A Closer Look at the housing market, as sales of new homes fell to a 17-year low and the inventory of unsold homes stretched to an eleven month backlog--this despite the fact that both mortgage rates and prices are lower than they were this time last year. Tougher credit standards, Pinto explained, mean that 20% of American families who can afford a given mortgage are turned down for it anyway.
You must be logged in to this website to leave a comment. Please click here to log in so you can participate in the discussion.
