Monday, October 27, 2008

THE facts about the origin of our financial crisis

ToTheCenter - News: Freddie, Fannie & the Congressional hearings

This is a great compilation of facts that names names in the development of the completely avoidable current financial crisis. If there's anything more troubling than the Governments complete lack of responsibility, it's the mainstream media's complicity in the cover up.

I believe the demise of the traditional media is more due to their customers increasing awareness of their complete untrustworthiness, than anything else. Yes, the Internet has a lot to do with it, but is it because they are the Internet, or because it's the only place, other than talk radio and Fox News you can get an honest look at the facts like this?

No matter what happens economically and politically in the next couple of weeks, we will need to be on guard. The Fairness Doctrine is on the way. If we are not diligent on that, the best we may be able to hope for is a little glasnost and perestroika a few decades from now. In the meantime I will continue my ongoing samizdat.


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