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Wednesday, April 28, 2010

Lamestream Press: None So Blind

Two incongruous news stories are worthy of note. Last weekend, Bill Moyers on his penultimate broadcast (thank God) of the Journal on public TV decried the death of investigative journalism. I am moved to ask myself what he could possibly mean by that. Given the current shenanigans of our federal government, the field seems ripe for this endeavor. For those with eyes to see and ears to hear, now would seem to be the heyday of investigative journalism.

The other story was on Glenn Beck’s radio show this morning and apparently last night on television. This is the Frank Raines man-made global warming connection. As head of Fannie May, Mr. Raines made millions for himself while contributing to world wide economic melt down. (See Time Magazine article regarding the top 25 individuals responsible). It seems while he was bundling questionable mortgagees, just as the banks are being demonized for, he was setting up the structure for creating and trading carbon credits with Fannie May funds. All the interconnections are very murky and hard to follow. Glenn does his best with his blackboard. There are connections with the usual progressive and liberal money groups. Goldman Sachs, George Soros, and London are in there along with Al Gore and global warming crowd. I have to check out Glenn Beck's cite to get the full scoop. This is a fruitful area for investigation to my simple mind.

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