Meet the Press host David Gregory is one of the most shameless and consistent media shills operating in America today. Rather than use his platform as host of a popular Sunday morning political show to examine the root problems in America, he uses it to provide public relations for the criminal oligarch class and to demonize activists and those who speak truth to power. He was one of the first mainstream media presstitutes to go after Glenn Greenwald once the Edward Snowden story broke, something I covered in my piece: It’s Acts of Journalism that Matter Not People Called “Journalists.”
Well Mr. Gregory was at it again this past weekend when he hosted CNBC’s professional Wall Street ass kisser Maria Bartiromo, Hank “Too Big To Fail” Paulson and Massachusetts Rep. Barney Frank. While I am no fan of Barney Frank, being the politician that he is, he took the opportunity to bash Wall Street and made a very accurate point. He asked:
I do want to add one thing to your point about those poor, beleaguered bankers, who have been forced to do so much that they can’t lend money. If they really are running businesses that are so stressed that they can’t do their basic work, why are they paying themselves so much money?
This is where it gets interesting. Everyone is extremely uncomfortable and Maria is about to try to dodge, I mean answer, the question when Gregory jumps in and changes the subject so that no one actually has to address it. If this is what we call “journalism” then we need a lot more activism. Totally shameless. Enjoy.
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Go read This Town by Mark Leibovich. It details a very unhealthy alliance between the media and our top administrators and their friends. We’re all buffoons for allowing it. or watch…..
This Town: America’s Gilded Capital
http://jessescrossroadscafe.blogspot.com/2013/08/this-town-americas-gilded-capital.html
August 20, 2013
Mark Leibovich covers Washington, D.C., as chief national correspondent for The New York Times Magazine — and has written about the city’s bipartisan lust for power, cash and notoriety in a book that everyone who’s anyone in our nation’s capital is talking about. The title is This Town, and if you want to know what the insiders of Washington are doing to the very notion of government of, by, and for the people, you have to read it, too. This is the story of how Washington became an occupied city, its hold on reality distorted by greed and ambition; it pulls no punches and names names, revealing the movers and shakers and the deals they make, all in the name of crony capitalism. On this week’s Moyers & Company (check local listings), Mark Leibovich joins Bill to reveal what he has learned about a city where money rules and status is determined by who you know and what they can do for you.
http://billmoyers.com/segment/preview-americas-gilded-capital/
The Untold Story of Citibank’s Student Loan Deals at NYU
An institutionalized wealth transfer system is playing out at New York University, a nonprofit organization subsidized by the U.S. taxpayer. Forgivable mortgage loans for multi-million dollar luxury homes have been doled out by NYU to an inner circle of administrators and elite faculty. The University’s President, John Sexton, has received an interest rate of less than one-quarter of one percent from NYU to finance a multi-million dollar beach residence on Fire Island. All this while NYU students carry the greatest burden of debt of any nonprofit university in the country – a figure placed at $659 million in 2010 by the Department of Education and now estimated to be well over $1 billion due to a poorly understood debt compounding trick called “capitalized interest.”
While the unconscionable mortgage loans at NYU have received significant press attention and a Congressional probe by Senator Chuck Grassley, the unseemly details of just how NYU students amassed all this debt and the conflicts of interest between the university’s preferred lender, Citibank, and the Chairman of NYU’s Board, Martin Lipton (who has inexplicably held that post for the past 15 years),
have failed to make it to the front pages of mainstream media.
http://wallstreetonparade.com/2013/09/the-untold-story-of-citibank%E2%80%99s-student-loan-deals-at-nyu/
People (‘journalists’, in this case) are paid big salaries for a dodge such as presented. Thanks for having the stomach to watch this MSM BS, Mike, because I found I couldn’t and dumped regular TV for alternative media several years ago.
Jobs were by and large created by the small to medium-sized enterprises. Many, many failed because they needed credit at crucial time to keep their businesses going and to pay staff. The FED has openly told the banksters NOT to create or give loans to these small groups, thereby strangling them and obviating any competition or choice. This is what has killed Amerika, that and draconian business laws courtesy of our excellent Mr. Nobama.
The laughing was priceless. Barney Frank made that statement because they probably stiffed him on some of the cash they were supposed to pay him and he wanted to get em back 🙂