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The Shameless New York Times

Yes, we expect to see corporate-friendly spin from the Times -- but outright lying to prop up the myth of corporate innocence seems like something new.
 
 
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The New York Times  article in the December 12 issue, “It’s Hard to Summon Sympathy for Big Banks,” actually does a very good job of summoning up sympathy for big banks. Aw, shucks, implies the Times, they just made a few silly mistakes – or, as the article puts it:

“it is not a crime to make stupid mistakes, and much of what happened in the years before the financial crisis was more foolish than venal”.

That is not only special pleading; it is factually incorrect. It is also an astonishingly brazen  lie, since it is inconceivable that the writer of this article does not know that our biggest banks were found to have committed – or have confessed to committing – thousands upon thousands of  real anddeliberate crimes, some of which rank among the largest financial crimes in history (such as LIBOR falsification, phony mortgage scams, and the $800 billion worth of drug money laundered by HSBC, to give just three examples).

Yes, we expect to see corporate-friendly spin from the  Times --  but outright lying to prop up the myth of corporate innocence seems like something new. Could it be that the  New York Times  editors aren’t fact-checking their business articles anymore? Or have they simply been asked not to? 

STEVE BROWN (a board member of WBAI-Pacifica Radio in New York) is a writer-activist and(pro bono) marketing consultant to progressive media organizations and political candidates on how to raise money, increase grass-roots support, and enhance their public image. Among the organizations he has worked with are FAIR (Fairness and Accuracy in Reporting); FRSN (Free Speech Radio News); Mother Jones Magazine; The Social Uplift FoundationFOIA (Freedom of Information Alliance); AlterNet; and the Pacifica Foundation. He is also a co-founder of PRN (The Progressive Radio Network), and a director of El Taller Latino Americano and ACE (Alliance for Community Elections).

 

 
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