Wednesday, October 20, 2010

Why is the press doing such a poor job?

Here are 9 stories that are not receiving enough press attention.
1. The high amount of mortgage fraud that led to the recession
2. The way accounting tricks were consciously used to give the appearance of higher profits leading to higher bonuses.
3. The lack of prosecutions for any of this fraud.
4. The second level of fraud caused when bad ethics made it impossible for firms with good ethics to compete.
5. The fraud in the foreclosure processes.
6. The massive coverup of losses on bad assets.
7. The absence of effective regulation even now.
8. Thue shaky positions of state and local governments and how bad the shortened stimulus is slow the recovery, employment, and vital services.
9. The acceptance of massive long-term unemployment.

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