Research Study on Ongoing Crime Spree by Wall Street Mega Banks Gets News Blackout: Here's Why
"One day before Democrats on the House Financial Services Committee held an historic grilling of the CEOs of the mega banks on Wall Street, the nonprofit watchdog, Better Markets, released an in-depth research report on 'Wall Street’s Six Biggest Bailed-Out Banks: Their RAP Sheets & Their Ongoing Crime Spree....'"
"Wall Street On Parade, after carefully reading and digesting the report, published an article on its contents the next morning, April 10.
"Then we began to hear from our outraged readers, who wanted to know why they weren’t reading about this report at major business media outlets.
"We checked the Wall Street Journal, the New York Times, Financial Times, Bloomberg News, Reuters, CNBC, and CNN.
"We could find no mention of the Better Markets report. (We checked again this morning. There is still a news blackout.)...."
"There are four words in this outstanding report from Better Markets that rendered it unpalatable to corporate business media: 'rap sheets' and 'criminal enterprise.'
"We searched Bloomberg News, the Wall Street Journal and the New York Times back to 2004 to see if at any time they had used the words “rap sheet” to describe the unprecedented serial crime sprees of these Wall Street mega banks.
"They had not."
Since at least 2013 there has been a concerted effort on the part of lawyers and PR firms to convince Americans Wall Street is not a criminal enterprise.
It should come as no surprise to find any evidence to the contrary will be buried by the bipartisan corporate press.
"One day before Democrats on the House Financial Services Committee held an historic grilling of the CEOs of the mega banks on Wall Street, the nonprofit watchdog, Better Markets, released an in-depth research report on 'Wall Street’s Six Biggest Bailed-Out Banks: Their RAP Sheets & Their Ongoing Crime Spree....'"
"Wall Street On Parade, after carefully reading and digesting the report, published an article on its contents the next morning, April 10.
"Then we began to hear from our outraged readers, who wanted to know why they weren’t reading about this report at major business media outlets.
"We checked the Wall Street Journal, the New York Times, Financial Times, Bloomberg News, Reuters, CNBC, and CNN.
"We could find no mention of the Better Markets report. (We checked again this morning. There is still a news blackout.)...."
"There are four words in this outstanding report from Better Markets that rendered it unpalatable to corporate business media: 'rap sheets' and 'criminal enterprise.'
"We searched Bloomberg News, the Wall Street Journal and the New York Times back to 2004 to see if at any time they had used the words “rap sheet” to describe the unprecedented serial crime sprees of these Wall Street mega banks.
"They had not."
Since at least 2013 there has been a concerted effort on the part of lawyers and PR firms to convince Americans Wall Street is not a criminal enterprise.
It should come as no surprise to find any evidence to the contrary will be buried by the bipartisan corporate press.