Murdoch Media Misdirection

Yesterday, there was a UK hearing featuring father and son executives Rupert and James Murdoch over alleged phone hacking. The spectacle was covered wall-to-wall by most cable news outlets.

Channel surfing, I realized that at one point, CNN, HLN, FOX News, FOX Business, MSNBC, CNBC and Bloomberg were all running the testimony. The coverage was highlighted by a disgruntled protester attempting to hit the senior Murdoch with some sort of foam pie. The phone hacking saga is all over the internet too. Even the FBI is investigating whether or not News Corp. employees did illegal information gathering on victims’ families of 9/11.

I guess the FBI is all through investigating the crimes of mortgage fraud, securities fraud of sour mortgage debt that was packed into Fannie and Freddie, ratings fraud and foreclosure fraud. I don’t remember seeing a single indictment of a major Wall Street banker that caused the multi-trillion dollar meltdown of the economy. Oh well, must not be anything there. It’s all one big unfortunate accident that will be funded by tax payers for decades.

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