Banking/Finance

In 1984, an Associated Press writer covering the Democratic primaries wrote that "In a presidential contest dominated by concerns over the economy, inflation, and unemployment, the Democratic candidates have been loath to acknowledge the extent to which Carter administration policies contributed to those problems. Democrats have also controlled Congress for most of the past three decades, which…

George Will on Sunday marvelously told liberal economist Robert Reich something that many conservatives have been dying to say for years. During a fascinating Right vs. Left debate on ABC's This Week, after Reich predictably pined for higher income tax rates to solve all that ails us, Will struck back with the line of the weekend, "You are a pyromaniac in a field of strawmen" (video follows…

There was an astonishingly revealing moment on Sunday's 60 Minutes when President Obama said, "Some of the most damaging behavior on Wall Street, in some cases, some of the least ethical behavior on Wall Street, wasn't illegal." For what should be obvious reasons, CBS's Steve Kroft didn't bother asking his guest who created, voted for or signed the pieces of legislation that allowed this "…

No wonder President Obama adopted some of the language of the Occupy movement in his class-warfare speech this week.  It's led by the likes of Alfredo Carrasquillo, a fellow "community organizer" with whom the president perhaps identifies.  Carrasquillo specializes in breaking into foreclosed homes to dole them out to people—beginning with himself—to live in. Chris Hayes gave Carrasquillo a…

NPR's Yuki Noguchi and Lynn Neary completely omitted Jon Corzine's Democratic affiliation on Thursday's All Things Considered, while mentioning practically every other prominent occupation he has held- Goldman Sachs CEO, senator, governor, even "multimillionaire." On the other hand, Noguchi gave the Republican party ID of two representatives who questioned Corzine at a recent hearing. Neary…

Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. This year the media's myths were wide-ranging: from conspiracy theories about economic sabotage, to overpopulation panic and Occupy Wall Street's mantra "We are the 99 percent." Here is our 2011 list:

Did you know it was a human right to have a roof over your head? So says schlockumentarian Occupy Wall Street supporter Michael Moore in an absolutely hysterical call to arms published at the Huffington Post Wednesday entitled "The Winter of Our Occupation":

For conservatives, one of the bright spots of the Occupy Wall Street protests was when millionaire investor Peter Schiff went down to Zuccotti Park with video camera and a sign reading "I Am The 1% - Let's Talk." On Tuesday, I had the pleasure of speaking with Schiff by telephone in a sweeping interview about his experience at OWS, how the financial media are doing, and ending with his rather…

UPDATE: Scarborough Responds--Don't Twist My Criticism of Newt Into Support For Obama In response to an inquiry from this NewsBuster, Joe Scarborough has made clear that he strongly opposes President Obama's "disastrous" record, urging people not to twist his criticism of Gingrich into support for Obama.  Full Scarborough statement after the jump…

Anyone who made the easy prediction that the Associated Press would fail to bring up Fannie Mae or Freddie Mac in its fawning tribute to Barney Frank after his retirement announcement yesterday was correct. Anyone making the easy prediction that the AP would lionize him as a "gay pioneer" was also spot-on. Also predictably, the wire service's Bob Salsberg and David Espo failed to mention that…

Reporting on Monday morning that Congressman Barney Frank (D-Mass.) was not seeking re-election, CNN's political team whitewashed his controversial tenure in office with some fond words like "titan," "larger-than-life," and "teacher at heart." CNN's Joe Johns lauded Frank's skills as a teacher -- especially as the first openly-gay congressman. "He's taught this country so much about the gay…

Talking to liberal author Michael Lewis on Monday's Rock Center on NBC about the Greek financial crisis, anchor Brian Williams wondered: "...what's the one thing you want to shout from the mountaintops, a message that is in all of your books that people aren't hearing, aren't paying attention to?" Lewis called for an end to big banks: "...we still have at the center of our life these massive…

The European Union might completely fall apart any day now as the countries in that region implode under their massive debt. Despite this, CNN's Fareed Zakaria offered another America-hating love letter to the struggling continent Sunday actually claiming, "The American dream seems to be thriving in Europe not at home" (video follows with transcript and commentary):

As he accumulates his "Occupy Rap Sheet" over at BigJournalism.com, John Nolte has made some excellent points about the nature of the press's coverage which should not be missed. His incident count is up to 151. It will certainly grow based on more recent events which haven't yet made it to his compilation (this is just a sample): A $10 million arson arrest in Fort Collins, Colorado (really; HT…