TV News LIES

Thursday, Jan 29th

Last update11:01:38 PM GMT

You are here News Editorials The Lies That Will Kill America

The Lies That Will Kill America

E-mail Print PDF

Lies that will kill AmericaHere in Manhattan the other day, you couldn’t miss it — the big bold headline across the front page of the tabloid New York Post, screaming one of those sick, slick lies that are a trademark of Rupert Murdoch’s right-wing media empire. There was Uncle Sam, brandishing a revolver and wearing a burglar’s mask. “UNCLE SCAM,” the headline shouted. “US robs bank of $13 billion.”

Say what? Pure whitewash, and Murdoch’s minions know it. That $13 billion dollars is the settlement JPMorgan Chase, the country’s biggest bank, is negotiating with the government to settle its own rip-off of American homeowners and investors — those shady practices that five years ago helped trigger the financial meltdown, including manipulating mortgages and sending millions of Americans into bankruptcy or foreclosure.

If anybody’s been robbed it’s not JPMorgan Chase, which can absorb the loss and probably take a tax write-off for at least part of it. No, it’s the American public. In addition to financial heartache we still have been denied the satisfaction of seeing jail time for any of the banksters who put our feet in cement and pushed us off the cliff.

This isn’t the only scandal JPMorgan Chase is juggling. A $6 billion settlement with institutional investors is in the works and criminal charges may still be filed in California. The bank is under investigation on so many fronts it’s hard to keep them sorted out – everything from deceptive sales in its credit card unit to Bernie Madoff’s Ponzi scheme to the criminal manipulation of energy markets and bribing Chinese officials by offering jobs to their kids.

Nor is JPMorgan Chase the only culprit under scrutiny. Bank of America was found guilty just this week of civil fraud, and a gaggle of other banks is being investigated by the government for mortgage fraud. No wonder the camp followers at Fox News, The Wall Street Journal, CNBC and other cheerleaders have ganged up to whitewash the banks. If justice is somehow served, this could be the biggest egg yet across the smug face of unfettered, unchecked, unaccountable capitalism.

More...


Most Recent Related Stories...


Chris Hedges: Killing Ragheads for Jesus

American Sniper“American Sniper” lionizes the most despicable aspects of U.S. society—the gun culture, the blind adoration of...

Alex Baer: The Humble Spud, Global Lifesaver

Humble spudAny loose familiarity with current events, whether from last week or on back to 1492, and...

The real American Sniper was a hate-filled killer. Why are simplistic patriots treating him as a hero?

Bradley Cooper as American SniperI have to confess: I was suckered by the trailer for American Sniper. It’s a masterpiece...

Alex Baer: Arcs, Rings, and Running Out of Mario

TimeNo more timely time to consider Time itself than right around the time we all make...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!