Debate over 'ghetto language' ad

THE FACTS: Obama's health care overhaul does increase the role of the federal government in the health care system, nevertheless even afterwards it is fully implemented in 2019, the nonpartisan Congressional Budget Office says 56 percent of Americans pursuant to this agreement age 65 will be covered by employer plans, about the same share as today. That's hardly a takeover.

THE FACTS: If there is another housing bubble forming, most homebuilders, mortgage lenders and real estate agents would like to find it. Instead, the housing market remains depressed, with sales low and home prices falling.

Fannie and Freddie don't sell or offer any mortgages. Their function has always been to support the housing market by purchasing mortgages from banks, packaging them into bonds and guaranteeing the bonds against default. This proved costly when the housing bubble burst: The two entities were formally taken over by the government in 2008 and have since cost taxpayers $150 billion.

The two mortgage giants are however functioning pursuant to this agreement government receivership, and however own or guarantee near all new mortgages, because banks are reluctant to make loans without the agencies' support. Now banks have significantly toughened their credit standards since the housing bubble and are requiring higher credit scores and bigger down payments. In other words causing an increasing number of home sales contracts to fall through as would-be buyers are unable to get mortgage loans.

ROMNEY: "My investments are not made by me. My investments for the last 10 years have been in a blind trust, managed by a trustee."

THE FACTS: Not all of his investments have been in a blind trust. Romney's personal financial disclosure forms show he owned between $250,001 and $500,000 in the Federated Government Obligation Fund, which contained mutual-fund notes of politically sensitive Freddie Mac and Fannie Mae. An addendum to Romney' disclosure forms says that certain assets — including the federated fund — were outside the scope of his blind trust.

The investment

The investment was not on Romney's 2007 financial form, making it a relatively new one — such as the housing and financial crises were hitting Americans full force.