Banking/Finance

Scary times ahead? Perhaps, if you take credence in what Rep. Ron Paul, R-Texas, says. Paul, who had a strong grassroots following during the 2008 presidential election, explained on Glenn Beck's Sept. 30 radio program that perilous times lie ahead due to the Federal Reserve's loose monetary policy. Host Glenn Beck asked if voices on the left, including the left-wing media, were right - would…

Here's more "civility" from the Left. In a Chicago Tribune article today that appears to open as an attempt at humor but quickly devolves into nastiness, NPR-dependent radio host and author Garrison Keillor, among other things, attacks social conservatives, blames them and not those who have brought legal actions for years-long fights over keeping religious symbols right where they are, and --…

The headline and the first paragraph from this Friday Wall Street Journal report by Josh Mitchell and Stephen Power reads like a bad joke Jay Leno's writers would have discarded, because no one would believe it. The second paragraph isn't much better:Gore-Backed Car Firm Gets Large U.S. Loan A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government…

The progressive mindset is a curious one, as evidenced by New York Times columnist and Nobel Economics Prize recipient Paul Krugman. Krugman appeared on MSNBC's Sept. 23 "The Rachel Maddow Show" and lamented that the Obama Administration missed the opportunity the recent financial crisis offered to fundamentally change how the American economy operates. Host Rachel Maddow asked Krugman what the…

If any policy maker watches Michael Moore's new movie, "Capitalism: A Love Story" and is influenced by it - be afraid, be very afraid. Moore appeared on CNN's Sept. 23 "Larry King Live" to promote his movie, but he shared with host Larry King his thoughts on why the stock market has rallied off its lows, despite a rising unemployment. His reasoning - Wall Street likes joblessness, because it's…

Millionaire Michael Moore says capitalism is evil and that the entire system should be thrown out for one that is "democratic" and "fair." That's the overarching message of Moore's new documentary, "Capitalism: A Love Story," which will be widely released Oct. 2. The film won two prizes at the Venice Film Festival and was lauded by critics there and at the Toronto Film Festival. Now Moore is…

In less than 24 hours, ABC devoted 13 minutes to rhapsodizing over liberal Michael Moore’s new, "deeply Christian" film, Capitalism: A Love Story. Featuring the director first on Tuesday’s Nightline, co-anchor Terry Moran took his socialistic agenda seriously and opened the show by teasing, "Is capitalism evil?" (In 2007, the network contributed 21 minutes to Sicko, totaling 34 minutes of…

ABC's "World News" is supposed to be above the fray, right? According to "World News" executive Jon Banner, his program didn't jump into covering the recent ACORN scandal because it is "not in the business of noise." And yet on Sept. 20, ABC compromised the quiet dignity of "World News" by discussing health care reform with Rolling Stone contributing editor Matt Taibbi, a man that claims Goldman…

Interviewing Barney Frank this morning on proposals to regulate the financial markets, MSNBC's Dylan Ratigan seemed set on appeasing the notoriously rude representative.  Ratigan had surely seen the video of Mark Haines' CNBC interview of Frank back in June, and was determined not to suffer the same fate, in which Frank ripped off his earpiece and ended the segment short.Even before posing his…

Somebody really needs to find the Associated Press's Martin Crutsinger some OCD therapy. It seems that he has a not-magnificent obsession with the two major theaters of the War on Terror (yeah, I still call it that), and that he seemingly won't be able to conquer it without outside intervention. In his report on August's federal budget deficit, the AP reporter continued to cite the wars in Iraq…

Not everyone at the NBC Universal umbrella of networks got the gag order memo about the Sept. 12 march on Washington, D.C. Rick Santelli, who has been a target of the Obama White House and is credited with being the inspiration for the 2009 tea party movement, spoke out about how the media ignored the march. But, a year after the fall of Lehman Brothers, he was making the larger point that the…

Give Sharon Silke Carty of USA Today credit for unearthing important information about the serious back-office problems with Uncle Sam's Car Allowance Rebate System (CARS) program, popularly known as "Cash for Clunkers." This is the program that ABC, CBS, and NBC have all characterized as "a victim of its own success." But Carty didn't do nearly as much as she could have with the information…

Correspondent Richard Quest made a frivolous attempt to tie the bad economy to men’s fashion on CNN’s Newsroom program on Tuesday. Quest proclaimed that pinstriped business suits are “old-fashioned...and out of touch with reality....because they are the pinstripe of bankers.” He continued that if you wore such attire, “you may be mistaken for one of those bankers reaping bonuses.”Anchor Kyra…