Which serves to highlight growing problems with the reliability and accuracy of economic data as the fudging of numbers has become extensive.
Posts on ‘March 8th, 2010’
Charlie Rose interviews Elizabeth Warren TARP Special Investigator
As always Elizabeth Warren does a great job of explaining things in plain English, touching on the Fed’s failure to regulate thereby allowing the bubble to grow and collapse. The usury nature of bank lending agreements and related “revenue enhancers” and the problems faced by the commercial real estate sector and legacy toxic asset issues [...]
Hi and welcome to The Profit Motive, I’m your host Caleb Lawrence. Once upon a time in America the media acted as the watchdog of the corporations and the state. In the modern era it’s all about ratings and profits, opinion has been substituted for news and frequently is presented as fact. Much like my daily radio show on KPIG 107.5 FM in Santa Cruz California and KPYG FM 94.9 Cayucos/San Luis Obispo California. A thousand Blogs were able to spot the current problems and many began discussing it years before it reached crises proportions. While there were exceptions, and these exceptions are becoming more common, the mainstream media failed to get it and largely continue to do so.
