Banking/Finance

For the second night in a row Tuesday, MSNBC's Ed Schultz called Republicans liars. Also for the second night in a row, he did so moments before lying himself (video follows with transcript and commentary):

On Monday, the New York Times assembled a panel of alleged experts in its Room For Debate section. Each weighed in on Monday's ratings agency outlook downgrade by Standard and Poor's in an item entitled "Is Anyone Listening to the S.&P.?" (Don't ask me why "the" is there. It shouldn't be; the item is about the firm Standard and Poor's, not "the" Standard and Poor's stock index.) One of…

As night follows day, the press is beginning to go after a business entity which had the nerve to do its job and call attention to Uncle Sam's dire fiscal situation. Standard and Poor's is presumably not 100% populated with angels, but it didn't deserve the gratuitous and ignorant shots fired at it this evening by the Associated Press's Bernard Condon and an "expert" he quoted. In attempting…

Last November, MSNBC's Lawrence O'Donnell proudly declared himself a socialist on national television. On Wednesday, "The Last Word" host took this a huge step further saying the whole idea that Americans are rugged individualists is an illusion because they're all really socialists (video follows with transcript and commentary):

As debate rages across the country about whether it is reasonable to reduce federal spending in light of the fact that the federal government is spending more than eight times what it takes in, the same publications willing to defend that spending often simultaneously criticize spending by businesses that make a profit. One such story ran in publications nationwide this week, including the…

Last Friday, in what one would think would be a bombshell story headlined "Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak," Bloomberg's Bradley Keoun and Craig Torres reported that foreign banks secretly and routinely tapping the Federal Reserve's "discount window" lending program, primarily in 2008 and 2009. Some specifics: "(The) loans protected a lender to local…

New York Times columnist Paul Krugman was in his predictable defend Obama at all costs mode on Sunday's "This Week." When former Bush administration official Torie Clarke said unemployment remains high because the private sector is concerned about future regulations, the Nobel Laureate scoffed, "All of this stuff about uncertainty is just a myth being made up to blame this on Obama" (video…

Former Clinton Labor Secretary Robert Reich, in a column appearing at Business Insider, says that we're heading in the direction of a "double-dip" -- and though he doesn't follow it with the word "recession," it's obvious he's not talking about an ice-cream cone. It's also obvious that he's less than pleased with the media spin that things are really okay. Along the way, Reich had to go back…

Are you one of them small-gubmint conservative weirdos?  A critter who cringes when someone tells you they're from the government and there to help you?  Well, answer this: are you, or have you ever been . . . a fan of The A-Team? Because, yes: one of Rachel Maddow's guests has, with a straight face, advanced the argument that Mr. T and company were complicit in undermining Americans' belief…

Most readers here aren't aware that Associated Press reporters began withholding their bylines this week in support of their union's "quality journalism proposals." Participating reporters are refusing to have their name placed on AP stories. It appears to apply to stories datelined in the U.S. and not overseas (as seen here). It is truly a wonder that the world has gone on while AP reporters…

You begin to get an idea of how poorly served the news-consuming public is by the Associated Press when you compare its "reporting" on Obama czar Elizabeth Warren's appearance tomorrow before the House Financial Services Committee to an information-packed editorial -- yes, an editorial -- in the Wall Street Journal this morning. You can read all of the over 750 words in the unbylined AP…

CNN's Joe Johns hyped a recent Michael Moore speech on Monday's Newsroom as "incredible" and "riveting." Johns highlighted a clip from the left-wing film director, who spoke at a pro-union rally in Madison, Wisconsin, where he claimed that "America is not broke...The country is awash in wealth and cash. It's just that it's not in your hands! It has been transferred, in the greatest heist in…

If banks and credit card companies are willing to lend you money, does that mean you're not broke? According to Nobel laureate Paul Krugman, America is doing just fine financially because we're having no problem borrowing money:

You just knew Hollywood couldn't get through an Oscars broadcast without subjecting viewers to self-important statements of left-wing politics. War, AIDS, gay marriage, global warming - pick a liberal hobby horse and chances are an entertainer used the Academy Awards to give America his or her opinion on it. This year, the cause du jour was class warfare, as reflected in shills for organized…