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| User Info | The (Intentionally) Misleading Mainstream Media in forum [Ticker] | ||||
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Genesis Posts: 66462 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.org/archives/1389-T....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-08-31 09:10:36
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Mayorquimby Posts: 4457 Incept: 2008-09-18 United States of Mortgages
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It's all over the net today too. More propoganda and BS. Oh well...another day in the DARK ages.
---------- - It is impossible to introduce into society a greater evil than this - the conversion of the law into an instrument of plunder. - Government is a great fiction, by which everybody tries to live at the expense of everybody else. - Bastiat 2009-08-31 09:16:57
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Asimov Posts: 21226 Incept: 2007-08-26 
east tennessee Online
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Oddly, since 9am, I've heard nothing excessively bullish on bloomberg and a whole series of negative or negative toned reports. >15 minutes now. It's shocking. ---------- It's justifiably immoral to try to deal in a moral fashion with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2009-08-31 09:18:24
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Muscleknight Posts: 2676 Incept: 2007-06-26 Columbia, SC
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They have to find a stick save since Asia was so bad last night.
---------- My Financial Avatars - http://s677.photobucket.com/albums/vv131.... The best lies have elements of truth. The fruit of abortion is nuclear war - Mother Theresa "Find a bank you hate and buy it" - Larry Kudlow 7-28-09 2009-08-31 09:21:17
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Madashel Posts: 467 Incept: 2007-09-14 
West Texas
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The media has been deceiving the American public for years. The internet has been great in exposing their lies and omissions, but the television media in particular is a powerful tool that in the wrong hands is more dangerous to freedom and transparency than the corrupt politicians themselves, imho.
---------- "Those who cannot remember the past are condemned to repeat it." - George Santayana "It is better to live for something rather than die for nothing." - George S. Patton 2009-08-31 09:22:13
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Judgesmales Posts: 1784 Incept: 2008-02-05
Las Vegas
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How strangely convenient that this weekend the FT and the NYT suddenly have bogus stories about how much cash the Treasury is supposedly earning from bailing out the banks. Seems like well-planted happy talk to me, coming only a few days after the Fed and the banks tried to strong-arm Judge Preska into not yanking the covers off their cabal of secret-handshake dick-heads. ---------- "CNBC? What's that? My TV stops at Channel 13 like it's supposed to." -- Artie, Larry Sanders' producer 2009-08-31 09:31:50
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Anti Posts: 1199 Incept: 2007-10-09
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numbers reversed in this sentence I think: and a "cure rate" down from the 40% range to 6% for prime mortgages ---------- Goldman Sachs Delenda Est! 2009-08-31 09:35:37
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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No. Down FROM 40% TO 6%. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-08-31 09:36:11
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Ooo Posts: 616 Incept: 2007-10-25
Virginia
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What? You mean actually tell the American people the truth. Wow, that might hurt the stock market & confidence. People may save more, not soend money on stuff they don't need, & not get involved in the stock market casino...
2009-08-31 09:36:50
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Bagbalm Posts: 780 Incept: 2009-03-19
Just North of Detroit
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As long as most of them have a job and you can still buy gas and groceries they will continue to trust authority. Public schools and churches have hammered it into the people that the people in charge are smarter than them and will take care of them. They BELIEVE - poor schmucks.
2009-08-31 09:39:41
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Mayorquimby Posts: 4457 Incept: 2008-09-18 United States of Mortgages
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I don't think MSM is conciously misleading anyone. These people subconsciously wish for things to be better. Once again, they are at the top of the 'system' and therefore wish to see it prosper and succeed. This bleeds into their thinking and so everytime a Peter Schiff gets on tv and starts talking negatively about our future prospects, some TV-Babe with shiny lipstick and boots up to her knees gets all annoyed because he's talking about something that may jeopardize her $275K salary and Upper West Side Loft.
---------- - It is impossible to introduce into society a greater evil than this - the conversion of the law into an instrument of plunder. - Government is a great fiction, by which everybody tries to live at the expense of everybody else. - Bastiat 2009-08-31 09:41:26
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Markytom Posts: 179 Incept: 2009-02-19
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Amazingly enough the media continues to talk about how "we're recovering" . . . MSNBC today actually has a reality-check article on how small retailers are getting destroyed: Sales at privately held retailers fell 3.63 percent on average for the first seven months of this year, as compared to an average drop of 1.34 percent for publicly held companies in the same period, according to Sageworks Inc., which provides financial data on privately held companies. The data is based on financial records from thousands of accountants. ......... In addition to the drop in business, experts say small businesses may be having a tougher time in part because they don’t necessarily have the cash reserves to make it through a deep trough. The credit crunch has exacerbated that problem, leaving some small retailers unable to obtain credit to either ride out the storm or keep the inventory they need to stay in business. .......... To keep his hobby business going even as sales have plummeted, Fine and his only remaining employee – his brother – have stopped taking paychecks, and he’s burned through much of his savings. Nevertheless, he said he’s behind on his home mortgage and worried about whether he’ll be able to pay next month’s rent on his store. Meanwhile, he’s watching many of his competitors go out of business, along with several other local businesses in the downtown area where he’s located. http://www.msnbc.msn.com/id/32586241/ns/.... There is going to be a massive wave of bankruptcies of small businesses. 2009-08-31 09:45:47
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Statusquojoe Posts: 2048 Incept: 2008-11-20
Land of the fees Home of the slaves.
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Mayorquimby wrote..This bleeds into their thinking and so everytime a Peter Schiff gets on tv and starts talking negatively about our future prospects, some TV-Babe with shiny lipstick and boots up to her knees gets all annoyed because he's talking about something that may jeopardize her $275K salary and Upper West Side Loft. Ah yes, 20 years ago they wanted reporters and anchors to be actors, now they have actors who they want to pass off as reporters/anchors. ---------- "The value of a man's opinion, is the price he has paid to have it." Author unknown. 2009-08-31 09:49:38
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Glock36 Posts: 327 Incept: 2009-06-03 Banned
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La, La, La, La, La...I Can't Hear You And All Your Negativity...La, La.....
---------- Black Helicopters Are Like ****roaches, You Never Find Just One Glock36's Law: Murphy Was An Optimist When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking 2009-08-31 09:51:11
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Tjeffersonsghost Posts: 1824 Incept: 2009-01-26
Yes, I'd Hit It
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I took this from the CNBC website this morning. :-) Last modified:
2009-08-31 10:02:52 by tjeffersonsghost
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Happymob Posts: 1692 Incept: 2007-08-03
West Virginia
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Basically, the article says "We made money on the part of TARP that has been repaid with interest". Well, duh. ---------- Anything from Missouri has a taint about it. 2009-08-31 10:18:11
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Margincalltime Posts: 811 Incept: 2008-04-01
NJ
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Quote:We have not, as is commonly said, avoided systemic risk - we have in fact added more systemic risk, and shortened the fuse on the nuclear financial devices, placing them ever-closer together and dramatically increasing the risk of a chain-reaction meltdown. That's the money quote. I know you've spent alot of time throwing out the giving the drunk more alcohol premise and they've dismissed it. I'd like to know how they dismiss their claim of too big to fail with their solution of merging the largest banks in trouble. Are they trying to make the bomb bigger? 2009-08-31 10:26:02
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Uppity_peasant Posts: 151 Incept: 2009-06-26
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Ooo posted: "What? You mean actually tell the American people the truth. Wow, that might hurt the stock market & confidence. People may save more, not soend money on stuff they don't need, & not get involved in the stock market casino..." Aussies Clarke and Dawe explain how the financial system works. http://www.youtube.com/watch?v=M_3T-Af57.... ---------- ===== Flounderizing America, one debtor at a time. ObamBushOtter: "Hey, you ****ed up, Flounder - you trusted us! 2009-08-31 10:41:28
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Chris92346 Posts: 578 Incept: 2009-03-25
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A question about Freddie and Fannie... If the government does not assume the losses who does? I am assuming since they have not taken them onto the government sheet there is some choice in the matter.
2009-08-31 12:21:59
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Margincalltime Posts: 811 Incept: 2008-04-01
NJ
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equity, then bondholders Chris
2009-08-31 13:22:39
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Dashingdwl Posts: 4038 Incept: 2007-06-26
los angeles
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We tivo and watch Charlie Gibson/ABC nightly news about every night. There are some nights the economy is not even mentioned. You would not realize that we are either in/coming out of/going into a recession if that's the only news you had. Sadly, that's all the news that many people get.
---------- Think Green Tip. 2009-08-31 14:47:04
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Marco Posts: 9 Incept: 2009-08-14 Montenegro
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Just to give CNBC a rest - tonight (8:30 European Time) CNN - Quest Means Business reported the end of the recession! Bugger, now where will all the bears go! Oh, their reason: demand is up, market volume proves the retail investor is back with gusto! The doom-says have it wrong and the economy is showing this day by day. The recovery remains in place, today's 'minor' correction on the DOW was simply due to mis-reading of the impact of China - which doesn't really matter!!!!!! OK - I'm an average mug - so where can I get a long position on Tout Media BS? Lets face it - the BS fundamentals have never been higher, the techs have crossed with extreme upside momentum, green-shoots need lots of the stuff to grow (in the dark) and there is global State support: A BS long has to be 'the' sure thing? Please please - I need a spread-bet index on a 'news' / 'reality' pair: can we get the news co's to cover their own outpourings? If only ... ----------- "A fool learns from his own experience, a wise man reads a book" Von Bismark 2009-08-31 14:57:48
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Larsenebezzle Posts: 61 Incept: 2009-05-05
Land of Oz
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The disconnect between the reporting and what is actually occurring has more to do with which party is in the White House right now. The MSM is the mouthpiece of the Democrat party and they'll do what they can to minimize the bad news about employment and bank failures. If a Republican were president, you'd hear a constant drum beat about unemployment and recession every night. As long as the Mocha Metrosexual is president the MSM will do everything, they can to spin the bad news in his favor.
---------- I am heavily positioned in lead and lead delivery systems. 2009-08-31 15:14:45
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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Larsen: You're willfully blind. There was no such during the Bush Administration. I will warn you that this sort of partisan crap is a good way to wind up with a non-functional account around here. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-08-31 15:17:48
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Glock36 Posts: 327 Incept: 2009-06-03 Banned
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Larsen, during the Bush Administration - all eight years - the MSM did the same thing as today with The Messiah - NOTHING! All of the bogus U.S. Goobermint reporting has been going on for years and years. In all cases, the MSM did NOTHING to analyze data. All that they did was report the Headline Numbers/Data, which are bull****! It is this type of Democratic/Republican crap that has us in the situation that we find our country. Get a clue, buy a vowel, and start thinking as an INDEPENDENT! ---------- Black Helicopters Are Like ****roaches, You Never Find Just One Glock36's Law: Murphy Was An Optimist When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking 2009-08-31 16:29:25
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