Video of the Day: Interview with Matt Taibbi About JP Morgan and the CNBC “Presstitutes”

The top definition of presstitute according to Urban Dictionary is:

1. presstitute
A member of the media who will alter their story and reporting based on financial interests or other ties with usually partisan individuals or groups.

It has become abundantly clear in recent years that the mainstream media can not be identified as anything other that a collective of mediocre, corporate/government ass-kissing presstitutes. Different media outlets cater to different special interests, but the end result is all the same. MSNBC for example is essentially a straight up PR outlet for the Democratic Party, while Fox News represents the neo-con arm of the Republican Party and the military-industrial complex generally. CNBC has a special position in the presstitute media hierarchy. They basically defend Wall Street at all costs. The station represents the most important media gatekeeper for the financial oligarch, crony class.The following video is an interview on the daily political talk show Majority Report, hosted by Sam Seder. In this episode, he discusses with Matt Taibbi the recent appearance of Salon’s Alex Pareene on CNBC in which Maria Bartiromo unabashedly presstitutes herself out for Jaime Dimon and JP Morgan in an utterly embarrassing manner.The clip is a little over 16 minutes, but well worth your time. Sam Seder is pretty hilarious and his rapport with Taibbi is excellent.

So here’s my question for Maria. If all that matters is the bottom line “ex-legal problems” then why did the Feds raid the Silk Road rather than allow them to “settle without admitting guilt?” After all they were a “cash generating machine” too. Take that one on Money Honey.

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  1. Full Show: America’s Gilded Capital
    August 23, 2013

    Mark Leibovich covers Washington, D.C., as chief national correspondent for The New York Times Magazine. In his new book, This Town, he writes about the city’s bipartisan lust for power, cash and notoriety. It’s the story of how Washington became an occupied city; its hold on reality distorted by greed and ambition. Leibovich pulls no punches, names names, and reveals the movers, the shakers and the lucrative deals they make — all in the name of crony capitalism.

    http://billmoyers.com/episode/full-show-mark-leibovich-on-americas-gilded-capital/

  2. Just a reminder of the gargantuan hubris in our national capitol, I refer you to page 150 of “This Town”. Your favorite financial “journalist” Maria Bartiromo is being honored at a pre party to the annual White House Correspondents Dinner for having just authored “The 10 Laws of Enduring Success”. After brief remarks about the “Money Honey”, Terry McAuliffe exalted Bartiromo as “the greatest economist, the greatest woman ever to be involved in dictating how world economic policy is done”. Andrea Mitchell went on likewise about her colleague Maria.

  3. Here’s my questions for Maria and her talking head cohort… So you say Jaimie may be considered down the road for US Treasury secretary… Do you really believe that a man who has led a bank that has paid 16b in fines in the last three years and is facing the largest fine for regulatory violations in the history of wallstreet makes a good candidate for US Treasury secretary? Seriously Maria please answer that for me bc I really need to know if a mans worth on wallstreet is really just a matter of how much profit he can make for shareholders regardless of how broken his moral compass is?

  4. Really, Alex Pareene? This guy is far too nice, and not nearly assertive enough. I guess that’s why they had him on the show. Next time I want to see someone like Max Keiser or Paul Craig Roberts, or both(!) to really drive home to Maria et. al. how incredibly ludicrous her points are.

  5. Great vid! Missed only a comment about the “storm of fines and …” banner below the cnbc interview. As if it is just some natural phenomanon about which nobody can do some something or held responsable … Was a good laugh though! Thnx for that!

  6. http://www.consumeraffairs.com/finance/chase_mortgage.html
    The lives this bank has ruined are many. Details of just a few are here.

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