Banking/Finance

Millionaire Michael Moore says capitalism is evil and that the entire system should be thrown out for one that is "democratic" and "fair." That's the overarching message of Moore's new documentary, "Capitalism: A Love Story," which will be widely released Oct. 2. The film won two prizes at the Venice Film Festival and was lauded by critics there and at the Toronto Film Festival. Now Moore is…

In less than 24 hours, ABC devoted 13 minutes to rhapsodizing over liberal Michael Moore’s new, "deeply Christian" film, Capitalism: A Love Story. Featuring the director first on Tuesday’s Nightline, co-anchor Terry Moran took his socialistic agenda seriously and opened the show by teasing, "Is capitalism evil?" (In 2007, the network contributed 21 minutes to Sicko, totaling 34 minutes of…

ABC's "World News" is supposed to be above the fray, right? According to "World News" executive Jon Banner, his program didn't jump into covering the recent ACORN scandal because it is "not in the business of noise." And yet on Sept. 20, ABC compromised the quiet dignity of "World News" by discussing health care reform with Rolling Stone contributing editor Matt Taibbi, a man that claims Goldman…

Interviewing Barney Frank this morning on proposals to regulate the financial markets, MSNBC's Dylan Ratigan seemed set on appeasing the notoriously rude representative.  Ratigan had surely seen the video of Mark Haines' CNBC interview of Frank back in June, and was determined not to suffer the same fate, in which Frank ripped off his earpiece and ended the segment short.Even before posing his…

Somebody really needs to find the Associated Press's Martin Crutsinger some OCD therapy. It seems that he has a not-magnificent obsession with the two major theaters of the War on Terror (yeah, I still call it that), and that he seemingly won't be able to conquer it without outside intervention. In his report on August's federal budget deficit, the AP reporter continued to cite the wars in Iraq…

Not everyone at the NBC Universal umbrella of networks got the gag order memo about the Sept. 12 march on Washington, D.C. Rick Santelli, who has been a target of the Obama White House and is credited with being the inspiration for the 2009 tea party movement, spoke out about how the media ignored the march. But, a year after the fall of Lehman Brothers, he was making the larger point that the…

Give Sharon Silke Carty of USA Today credit for unearthing important information about the serious back-office problems with Uncle Sam's Car Allowance Rebate System (CARS) program, popularly known as "Cash for Clunkers." This is the program that ABC, CBS, and NBC have all characterized as "a victim of its own success." But Carty didn't do nearly as much as she could have with the information…

Correspondent Richard Quest made a frivolous attempt to tie the bad economy to men’s fashion on CNN’s Newsroom program on Tuesday. Quest proclaimed that pinstriped business suits are “old-fashioned...and out of touch with reality....because they are the pinstripe of bankers.” He continued that if you wore such attire, “you may be mistaken for one of those bankers reaping bonuses.”Anchor Kyra…

They warned back in 2008 what might happen if Barack Obama was elected president, and according to conservative talk show host Rush Limbaugh and Fox News Channel host Glenn Beck, a lot of bad stuff is unfolding right before our eyes. Limbaugh appeared on Beck's Aug. 26 program to discuss the threat of the federal government attempting to regulate the media. He explained the president's policy…

Try to keep a straight face when you hear this: President Barack Obama isn't getting enough media love. That's the world view of MSNBC "Hardball" host Chris Matthews - at least when it comes to the economy. According to Matthews, there has been a plethora of positive economic news - from a stock market that has shrugged off the threat of bad liberal policy, i.e. cap-and-trade or ObamaCare, to…

Ben Bernanke's able use of monetary policy to steer the economy during the current financial crisis sometimes makes it easy to forget that Bernanke helped steer the ship into that crisis early in his term as Federal Reserve Chairman and a member of the Fed's Board of Governors. That's a point Strategic Forecasting (Stratfor) founder and CEO George Friedman made when asked the likelihood of…

On Friday’s CBS Evening News, correspondent Sharyl Attkisson filed a report recounting mortgage company Countrywide Financial’s history of offering special deals on loans to government officials – including figures with connections to President Clinton, President Bush, and President Obama. But, while the two most prominent figures currently still in government who are implicated in the scandal…