Banking/Finance

On Monday's NBC Nightly News, anchor Brian Williams attempted to conflate the JPMorgan $2 billion loss with Mitt Romney's business record as he declared: "The Obama campaign may have had this JPMorgan story in mind when it picked today to launch a new ad attacking Mitt Romney's former firm, the private equity giant, Bain Capital, as a middle class job killer." Chief White House correspondent…

Dutifully doing its part to find any excuse to expand government regulation, NBC News on Monday and Tuesday immediately touted Democratic efforts to exploit a $2 billion loss of private money for banker JPMorgan Chase to push for more government intervention in the banking industry. On Monday's NBC Nightly News, correspondent Anne Thompson used the news to pump up struggling Democratic…

Psycho-capitalism? The overwhelmingly liberal readership of the New York Times is predictably eating up a charged story in the increasingly pretentious and hard-left Sunday Review section, "Capitalists And Other Psychopaths," by left-wing essayist William Deresiewicz, a critic who often writes for The Nation. Bringing the article to life is a cartoon of two men with painted smiles torturing…

On Monday's CBS This Morning, Charlie Rose and Erica Hill touted Massachusetts Democrat Elizabeth Warren's past time as "the government's chief watchdog during the 2008 bank bailout" as she was brought on to discuss JP Morgan Chase's $2 billion loss. Rose and Hill asked all of their questions from the left, and completely ommited any mention of the recent controversy over Warren's claim of…

Google Chairman Eric Schmidt gave a much-needed economics lesson to New York Times columnist and Nobel laureate Paul Krugman on ABC's This Week Sunday. During a lengthy discussion about liberal and conservative views on how to stimulate the currently soft recovery, Schmidt - a known Barack Obama supporter - marvelously said to his left-leaning co-panelist, "Surely you're not arguing that the…

Has the New York Times Business section gone soft on former New Jersey Democratic Gov. Jon Corzine, now under the scandal spotlight for his service as chief executive of the failed financial services firm MF Global? Saturday's Business Day story by Azam Ahmed and Ben Protess buried intriguing details that reflect suspiciously on Corzine under the bland headline, "Congressional Memo Sheds New…

On her eponymous MSNBC program on Wednesday, host Andrea Mitchell slammed congressional Republicans for voting down reauthorization and funding of the U.S. Export-Import (Ex-Im) Bank: "If I'm sitting out there and watching this program, I would, you know, likely say right now these people in Congress are idiots." [Listen to the audio or watch the video after the jump] Mitchell interviewed…

The Associated Press, aka the Administration's Press, and designated drone Derek Kravitz clearly haven't tired of putting smiley-faces on the ongoing, relentlessly awful conditions in the new-home market. As shown on February 17 (at NewsBusters; at BizzyBlog), the number of single-family homes under construction is barely above its all-time low (since records have been kept), while January's…

The current system of economic growth is unsustainable, and people should “try to avoid banks,” “consider gardening to grow your own food,” and reject the advances of globalization. That’s not a clip from National Geographic’s “Doomsday Preppers.” That is the latest message of doom and gloom from the environmental movement. Incubate Pictures produced a nearly 35 minute animated film titled “…

When his tenure at the investment firm Bain Capital became an issue in the race for the Republican presidential nomination, Mitt Romney responded by saying he "was disappointed ... to see one of my opponents attacking free enterprise, just like the president was." It's understandable why Romney would want to see criticism of his resume as an attack on free enterprise. Seventy percent of…

Charlie Rose ripped a new liberal line of attack on Mitt Romney right out of the New York Times on Thursday's CBS This Morning, as he interviewed top Romney backer Chris Christie. Rose played up that Romney "seems to be dancing around the idea of what his wealth is. This is the New York Times today: 'Romney riches are being seen as new hurdle; complex web of assets is difficult to assess.'"…

Well, isn't this rich? And I do mean rich. President Obama, man of the people, will deliver his presidential nomination acceptance speech at the Bank of America Stadium in Charlotte, N.C. — so that Democratic Party fundraisers can reward big donors with skyboxes and other lavish perks. As usual, the White House and its allies are trying to camouflage naked partisan money-grubbing in populist…

Joe Scarborough said it about Rick Perry, but it could perhaps have applied to other Republican presidential contenders who are going after Mitt Romney's record at Bain Capital. On Morning Joe today, discussing Perry's depiction of venture capitalists like Romney as "vultures," Scarborough said that the Texas governor: "sounds like a stoned NYU grad student in Zuccotti Park."  Video after…