Monday, March 31, 2008

Who Knew What When?

Where Was Media When Sub-Prime Disaster Unfolded?: "By Danny Schechter

(March 27, 2008) -- 'It is somewhat surprising,' Larry Elliott, economics editor of London's The Guardian observed recently, 'that there is not already rioting in the streets, given the gigantic fraud perpetrated by the financial elite at the expense of ordinary Americans.” If such a fraud was taking place, and if Wall Street’s financial crisis, according to the usually staid Economist, was on the edge of “disaster” with a “financial nuclear winter” waiting in the wings, why were American news consumers among the last to know?"...

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