As congressional Democrats press on with their attempts to get financial legislation reform passed, a key component has been lacking from the debate: how to handle the government-sponsored enterprises Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE).
Although some Republican lawmakers have cried foul over the fact nothing has been included in a bill sponsored by Senate Banking Committee Chairman Sen. Chris Dodd, (D-Conn.), President Barack Obama's administration has vowed to pursue reforming the GSEs ... eventually.
However, despite a long history of alleged corruption, close ties to the current administration and a recent $10-billion extension of "emergency aid" to Freddie and Fannie in the deadest possible part of the news cycle, these two entities have gone relatively unnoticed by the news media, with a lion's share of the spotlight given to Wall Street bogeymen like Goldman Sachs (NYSE:GS).
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Griffin began to cast doubt on the Republican’s statement from the very beginning of the 3 pm Eastern hour of the CNN program. After playing a clip of Rep. Foxx, where she touted her party’s alternative proposal wouldn’t “put seniors in a position of being put to death by their government,” the CNN correspondent, filling in for anchor Rick Sanchez, promoted his upcoming segment on the remark, and first hinted that it was a false accusation on the part of the representative: “Um, are people really concerned that a new health care bill will let old people die? We’ll drill down on the facts, the fiction and possible misrepresentations swirling around the debate.”
Three CNN personalities and one regular commentator on Monday’s No Bias, No Bull program all tried to get Republicans Bay Buchanan and Kevin Madden to disown former Vice President Dick Cheney, and agree with some unnamed Republicans who call for him to “just shut up.” Host Roland Martin characterized Cheney’s multiple media appearances recently as “turning into a big problem for the family of Republicans” and that “some Republicans wish the former V.P. would just shut up.”
Correspondent Jessica Yellin and Drew Griffin saw no good in the politician’s media tour, with Yellin labeling Cheney “one of the least popular figures in the Republican Party, aside from Rush Limbaugh.” She asked Buchanan, “Why is it good for him to speak out as such an unpopular guy?” TruTV’s Lisa Bloom agreed with the unnamed Republicans: “I think a lot of Republicans probably wish Cheney was secured in an undisclosed location right about now.”
Bozell acknowledges network taking responsibility for misleading viewers to believe conservatives at odds with Gov. Palin
|Spreading the Word|
As we reported on Tuesday, CNN's Drew Griffin completely mischaracterized the nature of a "quote" from National Review's Byron York during his interview with Alaskan Republican Governor and Vice Presidential nominee Sarah Palin.
CNN has responded to the Media Research Center's call for CNN to retract the accusation that wrongly accused National Review's Byron York of calling Gov. Sarah Palin "incompetent, stupid, unqualified, corrupt or all of the above," and have taken full responsibility for the mischaracterization.
Yesterday, the cable network addressed the mistake on both Newsroom and The Situation Room, explaining the circumstances of the badly-worded representation of the statement and clarifying reporter Drew Griffin's intention, which was not to deceive his audience that a well-respected conservative publication was putting itself at odds with Gov. Palin.
CNN investigative correspondent Drew Griffin appeared on Thursday’s Newsroom and Situation Room programs to explain how "in no way did I intend to misquote" from a recent article by National Review’s Byron York: "This exchange aired just once in the 6 pm hour, and as soon as the National Review brought it to our attention at 7:05, we immediately realized the context could be misconstrued. We cut that portion of the interview. It never aired again." Griffin also mentioned how he had "since called Byron York and his editor Rich Lowry, explained what happened, and told them both that I regret any harm this may have brought."
In an interview excerpt aired on Tuesday's Situation Room (NB post with video), Griffin had told Sarah Palin: “The National Review had a story saying that, you know, 'I can't tell if Sarah Palin is incompetent, stupid, unqualified, corrupt, or all of the above.'” In fact, York was mocking media coverage of Palin: “Watching press coverage of the Republican candidate for Vice President, it's sometimes hard to decide whether Sarah Palin is incompetent, stupid, unqualified, corrupt, backward or -- well, all of the above."
Griffin first appeared seven minutes into the 2 pm Eastern hour of Newsroom. Anchor Kyra Phillips asked the correspondent about the criticism he had received over the misquotation. He played a clip of the question, and explained the impression he had of the interview overall. He then played the initial exchange he had with Governor Palin over the "botched" quote, and most of her answer.
As NewsBusters reported, CNN, in a recent interview with Sarah Palin, misquoted "The National Review’s" Byron York. In response, York appeared on the October 22 edition of "The O’Reilly Factor." Host Bill O’Reilly began the interview in charging CNN told him (or his staff) that they will not issue a correction to their misleading question. In addressing Governor Palin's question over which "National Review" correspondent wrote such a scathing attack on her, Mr. York replied "the answer is nobody wrote that."
"The National Review" correspondent also added that "perhaps this CNN thing was a mistake, but it fits in a much larger pattern of that behavior," alluding to the media’s overwhelmingly pro-Obama bias. York exemplified such a corrupt pattern in quoting "The New York Times" editor Bill Keller claiming he puts the most anti-McCain article on the front page whenever the senator complains about bias. Bill O’Reilly concluded the segment opining "I think ideology has now over ridden any kind of journalistic ethics at all."
|Spreading the Word|
Griffin said to Gov. Palin: "Governor, you've been mocked in the press, the press has been pretty hard on you, the Democrats have been pretty hard on you, but also some conservatives have been pretty hard on you as well. The National Review had a story saying that, you know, ‘I can't tell if Sarah Palin is incompetent, stupid, unqualified, corrupt or all of the above.'"
This is a complete distortion, a falsehood. The full quote from the National Review's Byron York shows he was in fact dressing down the media, NOT Gov. Palin. "Watching press coverage of the Republican candidate for vice president, it's sometimes hard to decide whether Sarah Palin is incompetent, stupid, unqualified, corrupt, backward, or - or, well, all of the above."
MRC President and Newsbusters.org Publisher L. Brent Bozell, III issued the following statement in response:
During an interview with Republican vice-presidential candidate Sarah Palin on Tuesday’s Situation Room, CNN’s Drew Griffin ripped a phrase out of a recent article by National Review’s Byron York which criticized the media’s coverage of Palin and characterized it as an attack on the Alaska governor. Griffin pointed out how "[t]he press has been pretty hard on you. The Democrats have been pretty hard on you, but also some conservatives have been pretty hard on you as well. The National Review had a story saying that, you know, ‘I can't tell if Sarah Palin is incompetent, stupid, unqualified, corrupt, or all of the above.’" In the original article, which was originally only in the print version of National Review, York used the "incompetent" phrase to attack the media: "Watching press coverage of the Republican candidate for vice president, it's sometimes hard to decide whether Sarah Palin is incompetent, stupid, unqualified, corrupt, backward or - well, all of the above."
During a report on Monday’s Anderson Cooper 360 program, CNN investigative correspondent Drew Griffin presented many of the missing details about the relationship between Barack Obama and left-wing terrorist William Ayers that two earlier "Truth Squad" reports on the network on Sunday and Monday omitted. Griffin stated that despite the spin of the Obama campaign and their mainstream media supporters, "...the relationship between Obama and Ayers went much deeper, ran much longer, and was much more political than Obama said."
Host Anderson Cooper introduced Griffin’s report, which began 19 minutes into the 10 pm Eastern hour, as one of the CNN program’s "Keeping Them Honest" features. Oddly, a on-screen graphic that read "The Dow Plunges," which had nothing to do with the subject of the segment, ran during its entirety. The correspondent began by repeating Ayers and his wife Bernadine Dohrn’s background in the Weather Underground, "an anti-Vietnam War group that bombed federal buildings, including the U.S. Capitol and the Pentagon." He then gave Obama’s early characterization of his relationship with the 1960's radical, that the Democrat "confirmed... that he knew Ayers, and, when pressed, said they served on a charitable foundation board together, and Obama condemned Ayers' support of violence."