8 Comments
- booksnmore4you, on 01/09/2009, -0/+6Where's the bailout money go?
Who cares? That sort of thing doesn't sell as high of priced ads.
When are you crazy idealist going to give up your outdated and wacky ideas of "journalistic duty"?
All that matters is money in the right here and right now.
/s - kmom5, on 01/09/2009, -0/+5FTA:
"But what we know is clearly dwarfed by what we don't know, because at every point in this story, the government has chosen to draw the curtains.
Just last week, four firms -- Goldman, Blackrock, Wellington and PIMCO -- were selected to manage the $500 billion account of mortgage-backed securities for the Fed. But how they were selected, what they're getting paid, and what they plan on doing with the money is all under wraps. "The selection of these managers seems incredibly opaque," Jeffrey Gundlach, an expert in mortgage-backed securities, told TPMmuckraker.
The head of one of the firms, Bill Gross of PIMCO, assured CNBC last month that "PIMCO would be the leader here in suggesting to the Treasury that we would work for no fee." So is Gross holding to his no fee pledge? We don't know - and the government isn't in any rush to tell us." - trickstertales, on 01/09/2009, -0/+2Fascism: rule by corporations. That's what it means. That's what we have. Unfortunately, "money does make the world go around" when you submit to capitalism. Where's the revolution?
- rearlgrant, on 01/09/2009, -0/+2Uhmmmm b/c the holding companies that own these media conglomerates are also the same ones that own these financial firms. "Nothing to see behind the curtain. Ignore the man behind the curtain."
Duh. - MediaWeasel, on 01/09/2009, -0/+2Yeah .. wave the Blagovich flag in the media's faces and perhaps they won't have time to look too closely into the machinations of the bailout .. and so the general public is unlikely to look further than what's on their news screens. It's simple. Blagovich should go. He should be helped to go as soon as possible rather than waste yet more taxpayer dollars.
Perhaps then the MSM can get back to what it's supposed to do. Or is that too much to ask .. - freedomjoe, on 01/09/2009, -1/+3Transparency and Accountability.
Our constitution insisted upon them.
Where have they gone?
Our 4th estate was supposed to protect us from the unethical and illegal activities of our leaders.
Ha ha ha ha.
they're too busy defending themselves against the right's constant whining about "gotcha liberal media" (aka, the TRUTH). - MsLaurel, on 01/11/2009, -0/+1FTA:
"In a devastating Rolling Stone piece, Naomi Klein details 'the many worrying parallels between the administration's approach to the financial crisis and its approach to the Iraq War.' She writes that 'under cover of an emergency, Treasury is rapidly turning into an economic Green Zone, overrun with private companies collecting lucrative contracts.' If the reconstruction of our economy follows the path of the reconstruction of Iraq, we are in for a very long, very hard -- and very painful -- economic slog."
(Two Shoes UP!!!) - MsLaurel, on 01/11/2009, -0/+1Yup: Neo-con-artist/Republican/Conservatives have spent the past 15 years buying-up newspapers, magazines, TV and radio stations --until only a few conglomerates own almost everything.
Will the Right-Wing-Owned media blow the proverbial whistle on its pet government? Not a chance.


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