Monday, December 31, 2012

Robert Scheer: The Villain Occupy Wall Street Has Been Waiting For

Robert Scheer: The Villain Occupy Wall Street Has Been Waiting For: If the Bloomberg news service, the stock market idolizer owned by the mayor, had been anything more than an enabler this past decade of Wall Street excess, nay criminality, it's possible we would not be experiencing the current crisis. If this leading financial news outlet had performed the minimum of journalistic due diligence on unregulated credit default swaps, collateralized debt obligations and the other swindles marketed with an abandon informed by deep deceit and the financial industry's pervasive corruption, the world economy may not now be in such terrible shape.

Newspapers can act as I-O police themselves of  information, however under weak I-O regulations they form Iv-B and V-Bi disconnects. Often they might become Iv to support the ads from Iv agents, then they compete to keep these ads and can become deceptive with the truth. The same can happen with Iv media pundits and blogs.

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