Memo to TIME and Newsweek - if you pretend to be America's news weeklies, you might want to cover the biggest story in the land - the Great Housing Crash and Mortgage Meltdown. Especially since it's a story that impacts every one of your readers (or potential readers).
Ah, screw it. We'll do it for you since you're asleep at the switch and incapable of doing your jobs. Man, something's not right there. Do REIC advertisers have TIME and Newsweek in their pocket too? Or are they just that lazy and incompetent?
It is nice to see the AP writers on the ball though this year. Too bad they all didn't do a better job reporting though BEFORE the car crashed.
Want to know who is doing a great job covering the housing crash and mortgage meltdown? Easy. Hands-down. The Financial Times. Other MSM on the ball now include the New York Times, the Washington Post, The Economist, the WSJ, the San Diego Union-Tribune and CNBC's Diana Olick. Unfortunately the list of lazy and incompetent (and REIC-ad-supported) MSM is too long to mention.
The mortgage crisis, which roiled the U.S. housing market, was the No. 2 story, and the war in Iraq placed third. Iraq was the No. 1 story in 2006, and has finished in the top three since 2002 — the year of the prewar buildup.
Here are 2007's top 10 stories, as voted by AP members:
2. MORTGAGE CRISIS: A record-setting wave of mortgage foreclosures, coupled with a steep slump in the housing market, buffeted financial markets, caused multibillion-dollar losses at major banks and investment firms, and became an issue in the presidential campaign.