Thursday, September 18, 2008
The Business Media is Missing the Story
It wasn't the lazy crooked stupid customers buying homes they couldn't afford. It was much more the crooked greedy financial workers at all levels. This was done by crooked thieves in ties and white shirts who transferred billions in wealth from the poor many to the fortunate few - themselves. Now that this no longer works, see here for why, it is tax-payer funded bailouts for the elite. They may let some of the shareholders go under along with the worker's mortgages but they want to keep as many of those rich Republican jobs around as possible.
For more on this see
The business press is missing the crooked heart of the credit crisis
By Dean Starkman in Columbia Journalism Review.