Another billion-dollar taxpayer bailout is on the horizon with the trouble at Fannie Mae and Freddie Mac, but you won’t find much criticism of the mortgage giants on the networks despite repeated warnings about the lenders’ high-risk…
Latest Blogs
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July 16, 2008
Politicians and pundits are crying about the economy, from oil prices to housing and the U.S. dollar. But they rarely pause to consider how we arrived at our situation, as they call for more government help and often for the Federal Reserve…
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July 16, 2008
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Times Bigger than Enron, and the Networks Didn't See It Coming
Cooking the books but protected by powerful politicians, the
Fannie Mae and…
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July 16, 2008
High gas prices may be eating away at Americans’ bank accounts, but at least they’re supposedly helping the environment. Leave it to NBC “Nightly News” to find a green lining in the dark cloud.
As American automakers struggle…
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July 15, 2008
Should beleaguered government-sponsored enterprises Fannie Mae and Freddie Mac live to see another bailout – regardless of the cost?
Treasury Secretary Henry…
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July 15, 2008
The consequences for federal restrictions on oil and gas exploration go beyond just higher gas prices, interfering with the basic free-market principle of allowing enterprise to meet demand by providing a supply, according to former Shell…
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July 15, 2008
“Stocks plummet.” “Massive bank failures.” “Banks in deep trouble.” If you had been watching ABC’s “Good Morning America” or CBS’s “Early Show” July 15, this is what you would have heard.
…
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July 15, 2008
CNN scared viewers July 13 by suggesting Republican presidential candidate John McCain’s support for extending the Bush tax cuts would threaten their Social Security and Medicare.
“Your $$$$$” host Ali Velshi and CNN…
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July 15, 2008
With oil trading above $145 a barrel, exploration and drilling for oil could provide economic opportunities for Rep. Barney Frank’s (D-Mass.) struggling congressional district.
…
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July 15, 2008
It wasn’t unexpected to see some pushback after a deal was struck merging American brewer Anheuser-Busch with European brewer InBev.
However, the July 14 “NBC Nightly News”…
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July 14, 2008
U.S. Sen. Chris Dodd (D-Conn.) has remained largely unhurt by the controversy over his “sweetheart” deal with mortgage lender Countrywide. But CNBC’s Carl Quintanilla finally bucked the media trend of ignoring the…
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July 14, 2008
The failure of IndyMac Bank signals a coming depression, according to doom-and-gloom reports from ABC’s “Good Morning America.”
Correspondent Bianna Golodryga glumly predicted…
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July 14, 2008
According to one energy security expert, unless prosperity exists people simply will not care about climate change. Gal Luft, executive director of the Institute for the Analysis of Global Security, said on July 11 that the poor have other…
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July 11, 2008
The bad economy strikes again. This time – it’s marital relationships, or people’s ability to end them.
NBC’s July 11 “Today” found an unlikely victim of the economic slowdown – divorce rates. According to the segment, the…
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July 11, 2008
Online shoppers aren’t smart enough to avoid giving away their credit card information to pop-up ads, at least according to ABC’s “Good Morning America.”
“Some pop-ups on your…
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July 11, 2008
Is government the answer to curbing the economic downturn? CNBC’s Jim Cramer advised government intervention in a big way on the July 11 “Today” show on NBC.
“It is – we need giant infusions of capital,” Cramer said of…
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July 11, 2008
Two network news reporters on July 11 acknowledged that controversial comments from a top economic advisor to Republican presidential candidate John McCain have been taken out of context. That didn’t stop them both from using the comments…
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July 10, 2008
On “MSNBC Live” July 9 host Tamron Hall gave a report on the quality of commercial airline travel, calling price increases “nickel-and-dime fees.” But Hall forgot to mention the effect high jet fuel prices have had on the…
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July 10, 2008
Some journalists aren’t even faking objectivity when it comes to covering global warming, and ABC and the Planet Green cable network are giving them a platform to promote alarmism.
ABC’s “Good Morning America” on July 10…
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July 10, 2008
“The scariest money mistake women make (it’s not shoes!),” or so warned the cover of Glamour’s July issue. The cover story “Welcome to my Mortgage Hell” left homeownership looking anything but glamorous and banks…
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