Banking/Finance
MSNBC Host to Senator on 'No' Vote: Will You Take Blame When People Ha
February 6th, 2009 5:19 PM
Say goodbye to hope and change. It's time to embrace the politics of doom and gloom. MSNBC host Contessa Brewer, in an interview that seemed a lot like a lobbying campaign for the stimulus set for a vote in the U.S. Senate, quizzed Sen. John Barrasso, R-Wyo., about the possibility that his vote against a stimulus bill could send the country spiraling into a Depression - and endanger the public's…
Not This Again: Pimco's Gross Calls for Trillions to Be Spent to Avoid
February 6th, 2009 2:20 PM
He might be on the Forbes list of billionaires with a net worth of $1.3 billion and he may appear frequently in the financial media, but Pimco's Bill Gross doesn't have a grasp of how much "trillions" are. Gross recently called for a massive government intervention or face certain catastrophe. "This economy requires support from the government, a check from the government in some form or…
'Today' Trumpets Obama's Wall Street Lecturing
February 5th, 2009 1:56 PM
On Thursday's "Today" show NBC reporters offered little skepticism of Barack Obama's dictations to corporate America, instead buttressing Obama soundbites with sloganeering as, Meredith Vieira declared, "President Obama lashing out at Wall Street and clamping down on corporate fat cats," and Savannah Guthrie underlined, "The President bashed Wall Street," and "took a shot across the bow." The "…
Cramer on Obama's Anti-Wall Street Comments: 'We Heard Lenin
February 2nd, 2009 4:09 PM
With all the populist sentiment generated from the economic slowdown by politicians, CNBC "Mad Money" host Jim Cramer is seeing eerie similarities with the comments of President Barack Obama and the words of a communist revolutionary. Cramer, appearing on MSNBC's Feb. 2 "Morning Joe," drew comparisons between remarks between the first head of the Soviet Union, Vladimir Lenin, and Obama. Obama…
BB&T CEO John Allison Blames 'Religious Belief' in Affordable Housing
January 30th, 2009 2:53 PM
Despite what the news media keep saying, capitalism and deregulation were not the causes of the financial meltdown. Instead, BB&T CEO John Allison pointed the finger at government creations like the Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC) and Fannie Mae and Freddie Mac, the two government-sponsored enterprises that failed last year. Allison was…
GDP Better Than Expected: Have Media Overhyped Depression Talk
January 30th, 2009 11:35 AM
The Gross Domestic Product declined by 3.8 percent in the final quarter of 2008.It was bad, but nowhere near as bad as expected.Is it possible that all the hysterical gloom and doom emanating from the media is way overdone, and that things are not close to as apocalyptic as we've been told the past five months?Consider the actual numbers reported Friday morning by MarketWatch:
Network News Embraces Obama's Wall Street-Bashing
January 30th, 2009 9:25 AM
After years of agitation over what they saw as President George W. Bush's self-righteous moral certitude, journalists on Thursday night embraced President Barack Obama's vilification of those working for Wall Street firms who got a bonus last year. “Shameful,” NBC Nightly News anchor Brian Williams teased his newscast, “that's how President Obama labels those Wall Street types paying themselves…
How Will Media Cover Rush Limbaugh's Bipartisan Stimulus Plan
January 29th, 2009 10:48 AM
Conservative talk radio host Rush Limbaugh wrote an op-ed in Thursday's Wall Street Journal wherein he offered a bipartisan stimulus plan to get the economy going.As not one Republican voted for President Obama's economic package in the House Wednesday despite his campaign promises to usher in a new era of bipartisanship, given the media's focus on Limbaugh of late one would expect his now-…
Shocking Headline: 'Why the Bush Years Weren't So Bad
January 25th, 2009 3:40 PM
Here's a headline I bet you'd never imagine seeing in a mainstream publication: Why the Bush Years Weren't So BadHuh? Come again?Yep. Counter to the doom and gloom regularly espoused by today's so-called journalists, things really aren't anywhere near as bad as what's being advertised.So says economics professor Steven Landsburg in an article surprisingly published by the Atlantic Friday (h/t…
Cramer on Geithner's Tax Troubles: 'If it was Cramer, I Would Be Prose
January 22nd, 2009 8:31 PM
Like him or not, this time he has a valid point. CNBC rabble-rouser and "Mad Money" host Jim Cramer questioned the merits of Timothy Geithner, President Barack Obama's Treasury Secretary-designate, and told viewers on CNBC's Jan. 22 "Street Signs" that, had he been in Geithner's shoes, he'd face criminal prosecution. "I happen to have a meeting with my lawyers just to discuss this - with my…
Geithner’s Tax Troubles: There’s Much More, and the Press Is Virtu
January 22nd, 2009 1:22 AM
Sometimes you learn a lot from commenters. I was going through the comments tonight at my Pajamas Media column about the Geithner nomination that went up earlier today, and came across this at Comment 39 from "Mike M": The deduction he took for the summer camp as a day care expense is EXPRESSLY PROHIBITED IN THE IRS CODE! That’s out and out tax fraud. Even Leona Helmsly (sic) is jealous in her…
