Banking/Finance

Leave it to America's strongest ally in the world to speak the truth. On Thursday, England's Telegraph published an article with the absolutely glorious headline "Britain Can’t Afford to Fall for the Charms of the False Economics Messiah Paul Krugman":

Following a report on Wednesday's NBC Nightly News about the dropping value of Facebook's initial public stock offering and possible investigations into what went wrong, anchor Brian Williams saw an opportunity to adopt the talking points of the left-wing Occupy Wall Street movement: "Is this a case of the rich get richer, another advantage to the 1%...?" Williams posed that question to New…

A bogus report published by MarketWatch Tuesday claiming "under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s" has been all the rage at the White House and MSNBC. Conservative columnist Ann Coulter correctly observed Wednesday:

Why not just call Romney a racist and be done with it? In the most tortured twist of logic this blogger has seen so far during this campaign, Al Sharpton somehow managed to equate Mitt Romney's refusal to roll over and accept Barack Obama's attacks on Bain Capital with, yes, birtherism. I know what you're thinking: what the . . . heck?  Don't ask me to explain how or why Sharpton came to his…

"Face The Nation" host Bob Schieffer spotlighted the left's talking points on two issues in the presidential race on Tuesday's CBS This Morning. Schieffer tried to play it down the middle when he stated, "I think most people understand that Mitt Romney is not the robber baron that the Democrats would have you believe." But he immediately added, "Nor is Barack Obama the European socialist that…

New York Times columnist Paul Krugman on Sunday continued his campaign to get Barack Obama reelected by misinforming the public about the economy. Appearing on CNN's Fareed Zakaria GPS, the Nobel laureate falsely claimed Republican presidential candidate Mitt Romney wants to enact Greece's failed economic policies here in America (video follows with transcript and commentary):

I have a serious question for MSNBC's Chris Matthews: How many lies are you willing to tell on national television to get Barack Obama reelected? On Friday's Hardball, the host gave viewers a plethora of falsehoods and half-truths to giving us an idea of just how far he's prepared to go this election cycle to make sure the objection of his affection remains in the White House (video follows…

Fresh off his humiliating defeat on Jeopardy! Monday night, MSNBC's Chris Matthews actually introduced a pair of guests Tuesday as "two of the most smartest people." Almost as funny, "two of the most smartest people" in the Hardball host's opinion are Congressman Barney Frank (D-Mass.) and former Clinton labor secretary Robert Reich (video follows with transcript and commentary):

On Monday's NBC Nightly News, anchor Brian Williams attempted to conflate the JPMorgan $2 billion loss with Mitt Romney's business record as he declared: "The Obama campaign may have had this JPMorgan story in mind when it picked today to launch a new ad attacking Mitt Romney's former firm, the private equity giant, Bain Capital, as a middle class job killer." Chief White House correspondent…

Dutifully doing its part to find any excuse to expand government regulation, NBC News on Monday and Tuesday immediately touted Democratic efforts to exploit a $2 billion loss of private money for banker JPMorgan Chase to push for more government intervention in the banking industry. On Monday's NBC Nightly News, correspondent Anne Thompson used the news to pump up struggling Democratic…

Psycho-capitalism? The overwhelmingly liberal readership of the New York Times is predictably eating up a charged story in the increasingly pretentious and hard-left Sunday Review section, "Capitalists And Other Psychopaths," by left-wing essayist William Deresiewicz, a critic who often writes for The Nation. Bringing the article to life is a cartoon of two men with painted smiles torturing…

On Monday's CBS This Morning, Charlie Rose and Erica Hill touted Massachusetts Democrat Elizabeth Warren's past time as "the government's chief watchdog during the 2008 bank bailout" as she was brought on to discuss JP Morgan Chase's $2 billion loss. Rose and Hill asked all of their questions from the left, and completely ommited any mention of the recent controversy over Warren's claim of…

Google Chairman Eric Schmidt gave a much-needed economics lesson to New York Times columnist and Nobel laureate Paul Krugman on ABC's This Week Sunday. During a lengthy discussion about liberal and conservative views on how to stimulate the currently soft recovery, Schmidt - a known Barack Obama supporter - marvelously said to his left-leaning co-panelist, "Surely you're not arguing that the…

Has the New York Times Business section gone soft on former New Jersey Democratic Gov. Jon Corzine, now under the scandal spotlight for his service as chief executive of the failed financial services firm MF Global? Saturday's Business Day story by Azam Ahmed and Ben Protess buried intriguing details that reflect suspiciously on Corzine under the bland headline, "Congressional Memo Sheds New…