Banking/Finance

Anyone who made the easy prediction that the Associated Press would fail to bring up Fannie Mae or Freddie Mac in its fawning tribute to Barney Frank after his retirement announcement yesterday was correct. Anyone making the easy prediction that the AP would lionize him as a "gay pioneer" was also spot-on. Also predictably, the wire service's Bob Salsberg and David Espo failed to mention that…

Reporting on Monday morning that Congressman Barney Frank (D-Mass.) was not seeking re-election, CNN's political team whitewashed his controversial tenure in office with some fond words like "titan," "larger-than-life," and "teacher at heart." CNN's Joe Johns lauded Frank's skills as a teacher -- especially as the first openly-gay congressman. "He's taught this country so much about the gay…

Talking to liberal author Michael Lewis on Monday's Rock Center on NBC about the Greek financial crisis, anchor Brian Williams wondered: "...what's the one thing you want to shout from the mountaintops, a message that is in all of your books that people aren't hearing, aren't paying attention to?" Lewis called for an end to big banks: "...we still have at the center of our life these massive…

The European Union might completely fall apart any day now as the countries in that region implode under their massive debt. Despite this, CNN's Fareed Zakaria offered another America-hating love letter to the struggling continent Sunday actually claiming, "The American dream seems to be thriving in Europe not at home" (video follows with transcript and commentary):

As he accumulates his "Occupy Rap Sheet" over at BigJournalism.com, John Nolte has made some excellent points about the nature of the press's coverage which should not be missed. His incident count is up to 151. It will certainly grow based on more recent events which haven't yet made it to his compilation (this is just a sample): A $10 million arson arrest in Fort Collins, Colorado (really; HT…

If it's Saturday, I must be pointing out more simply stunning stupidity coming from the mouth of Bill Maher. Never letting me down, the host of HBO's Real Time Friday said the financial crisis was caused by "something new in politics where Wall Street was sort of betting on things to fail as opposed to for things to succeed" (video follows with transcript and commentary):

It would be funny if it weren't so transparently sad. We've seen "name that party" games for a long time in the press. Today, the Associated Press played "name that company." In an unbylined report Friday evening which oddly has Dina Cappiello's Twitter address at the bottom , the identity of failed solar manufacturer Solyndra isn't revealed until the third paragraph. The item's headline…

It's truly delicious when the outfit which calls itself the Essential Global News Network essentially admits that a certain economic theory which begins with a "K" has become such an undesirable word -- almost an epithet -- that it avoids its mention. That was the case with a pathetic critique of GOP candidates' economic plans written up by the wire service's Charles Babington on Sunday. When…

NPR's Philip Reeves slanted towards the Occupy Wall Street on Wednesday's All Things Considered as he played up the "huge outcry" over St. Paul Cathedral in London's dispute with the left-leaning movement, which has an encampment outside its doors. Reeves spotlighted a local official who "called St. Paul's a 'national laughing stock,'" and omitted sound bites from the opponents of the movement…

Consider this post the print and online follow-up to the report early Tuesday evening by Matthew Balan at NewsBusters on the failure of the Big Three TV networks to note the Democratic Party/Obama fundraising affiliation of former New Jersey Governor Jon Corzine, whose now-bankrupt MF Global financial firm has apparently admitted to diverting client money in a futile attempt to battle its…

On Tuesday, the morning shows of the Big Three networks omitted the party affiliation of Jon Corzine as they reported on the federal investigation into his brokerage firm, something that even the liberal New York Times gave in their coverage of the story. ABC's Good Morning America also failed to include Corzine's name during their news brief on the investigation. News anchor Josh Elliott…

CBS's Early Show on Monday found yet another excuse to report on Occupy Wall Street, spotlighting the diehard protesters who stayed in Zuccotti Park during a winter storm. While correspondent Debbye Turner Bell noted the $3.4 million spent on police overtime in New York City and the complaints from businesses near the demonstrators' campsite, she didn't play one sound bite from the opposition…

While the media champion the Occupy Wall Street movement as if it's the American version of the Arab Spring, they're predictably missing a crucial distinction. As the Motley Fool reported Friday, those sleeping in tents and skipping showers in cities around the country are actually part of the world's richest one percent:

On Wednesday's Early Show, CBS's Erica Hill downplayed the instances of violence and bigotry found at Occupy Wall Street protests as simply "the actions of a few," after GOP presidential candidate Newt Gingrich denounced the "frightening level of anti-Semitism in some of these gatherings." Hill questioned Gingrich over his supposedly "pretty outspoken words" about the left-leaning movement […