- they all think it is JUST SWELL, that LEHMAN executives DEFRAUDED investors leading up to their BANKRUPTCY crisis collapse in 2008; and AGAIN afterwards, using taxpayer-extorted BAILOUT BILLIONs to make good their despicable, FRAUDULENT losses to give those same executives million-dollar "bonus" and golden-parachute paychecks.
The New York "ARTHUR SULZBERGER _HATES AMERICA_ Times, and
the Wall Street "Rupert Murdoch DESPISES American working families" Journal, are up to their usual dirty, lousy, thieving tricks: BURYING the REAL news, in order to continue their WHITEWASH of vast FINANCIAL CRIMES, and CRIMINALLY CORRUPT "bailouts" billions EXTORTED from the very taxpayers, who were VICTIMIZED by massive Wall Street FRAUD in the first place!
Columbia Journalism Review confirms what everyone with a pulse and an IQ above a garden slug knows: The NEW YORK TIMES, and WALL STREET JOURNAL, are selling GARBAGE information - ABJECT LIES - in their serial, relentless, and chronic attempt to JUSTIFY the THEFT of TRILLIONS of dollars, by Wall Street and corporate banking executives, from American households, taxpayers, and consumers:
Blogs BEAT the press on Lehman Bros. ScandalIt may be "the biggest financial news story of the year"... and the NY Times and Wall St. Journal may have "HUNDREDS of 'journalists' [choke!] at their disposal" - but they are ABJECT LYING, TREASONOUS "news" organizations, bent on DESTROYING the American economy, for the benefit of a few hundred thousand hyper-wealthy "investors" (SOCIAL WELFARE cheating "bailout bonuses" bums!) and failed bankers & hedge fund sharks, at the expense of layoffs, STOLEN pensions, LOOTED 401-ks, and and a tragically DEMOLISHED American social safety net that took well over 100 years of progress (often at expense of union workers being shot down by machine-gun armed corporate 'security" strike-breakers, like the infamous Baldwin-Felts Detective agency, the 1920s version of Blackwater; and equally murderous early 1900s lynch-mobs), of blood, sweat, tears, sacrifice, and dedication to create.
http://www.cjr.org/the_audit/blogs_beat_the_press_on_lehman.php
And just like that the Lehman Brothers scandal drops off the front pages. And not just the front pages—the section fronts, too.
Say, we just learned about a $50 billion fraud on Thursday. Think there might be some newsworthy follow-ups here? Actually there are, and both The New York Times and Wall Street Journal have them, but they stuff them [deep] inside [WHERE 9 out of 10 American readers will NEVER NOTICE].
The Journal, which scored recently by bringing David Reilly back into the fold after a stint at Bloomberg, posts a Reilly news article looking at the culpability of Lehman auditor Ernst & Young. The paper dumps it on C7. The NYT has on the same angle—a very good one to examine closely—and slides it inside on B2.
Somehow the Times thought more people would care about Sorkin’s scoop on a $3 billion deal for Tommy Hilfiger or that it was more important than an auditor approving accounting fraud. They don’t and it’s not.
Look, I know that Lehman collapsed a year and a half ago, but this is a major story—one that finally gets awfully close to putting the crimes in the crisis. I’ll go ahead and say it: If you’ve wanted to know about the Valukas report and its implications, you’ve been better served by reading Zero Hedge and Naked Capitalism than you have The Wall Street Journal or New York Times. This on the biggest financial news story of the week—and one of the biggest of the year. These papers have hundreds of journalists at their disposal. The blogs have one non-professional writer and a handful of sometime non-pro-journalist contributors....
(Not to mention the DEMOLITION of the very FINANCIAL OVERSIGHT laws and regulations, that ALLOWED the corrupt New York financiers & Wall Street con-men to HANG THEMSELVES with BANKRUPTCY, FRAUD, and FAILURE, save for their POLITICAL EXTORTION of the cowardly, craven, and corrupt "Democrat" and Republican Parties to hand out billions upon trillions of "bailouts," in return for KICK-BACK slush-fund graft "CAMPAIGN DONATIONS".)
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bonus! "MarketPlace" video highlights JUST ONE TINY PORTION, of the VAST ACCOUNTING FRAUD, that the Obama/Pelosi "Democrats," the Bush-Paulson Republicans, and the NY Times/WSJ "independent press" & media are WORKING RELENTLESSLY to COVER UP and HIDE from abused and ripped-off American consumers & taxpayers:
Repo 105 from Marketplace on Vimeo.
BONUS #2: Dyland Ratigan also explains LEHMAN's ECONOMIC FRAUD that led directly to THEIR BANKRUPTCY... and LOSS OF INVESTOR SAVINGS, even as EXECUTIVES wallowed in GOLDEN PARACHUTES made possible ONLY by the NO OVERSIGHT BAILOUTS that then Senator Barack Obama VOTED FOR -
