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Comm 439 economy-1
- 1. ECONOMIC CRISIS COVERAGE By: Sarah, Brittney, Sam, Ahrang, Sahrish
- 4. “ With Fannie and Freddie, the US Is Bailout Nation” (September 11, 2008)
- 9. “ How AIG Became Too Big to Fail” (March 19, 2009)
Editor's Notes
- The article starts off by addressing the issue of the government taking over the mortgage giants Fannie Mae and Freddie Mac- states that this is just another instance of a declining economy that leaves investors in a state of fear Its good because it relates to the majority of the population who may not have a business or economy background Instead of just answering the questions, the author relates it back to the effects of the crisis and the future of the mortgage lenders
- -Good because gives the pros of a situation which many may still see as a setback- relates it back to the people through the question of “How will this bailout -affect my mortgage?”- tells people that even though Frannie is in debt which makes large banking companies worried about their futures, the government will start buying mortgages which will in turn push the rates down and make houses more affordable with lower mortgage rates- -tells the readers that the best way to view the takeover is to say that it is an attempt to prevent the housing bust to get worse and eventually collapse altogether -However it still says that the economy is in a bad place and even with takeover aimed to jump start the economy, many houses are unsold and prices are high so nothing can be solved immediately
- The article presents Paulson's reasons for justifying his actions instead of just presenting the situation with not reasoning behind it- really makes sure the audience understands it within context