On Fox & Friends, Glenn Beck falsely suggested that Fannie Mae and Freddie Mac are changing their lending rules so that they may lower the mortgage so you don't have to worry about being upside-down, which Beck claimed represents the intentional destruction of our country. In fact, Beck's suggestion is based on rumors that the Obama administration is considering allowing Fannie and Freddie to make this change, and the Treasury Department has flatly denied these rumors.

This may sound harsh, but it was designed to be that way. It was designed to be a little bit harsh. Not because we like harshness for the sake of harshness, but because we like a clean division of power, so that everybody understands whose job it is to regulate what.Now, we got rid of child labor, notwithstanding this case. So the entire world did not implode as a result of that ruling.