Danny Schechter - ColdType

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1979 Producer, The Joe Oteri Show (WLVI, Boston) 1978 Reporter, The Ten O’clock News (WGBH, Boston} 215 MORE INFORMATION AND CONTACT INFO For continuing coverage and updating on the issues discussed in this book, visit Danny Schechter’s News Dissector blog – newsdissector.com/blog on Mediachannel.org. For more on the issues covered in this book: http:/www.newsdissector.com/plunder For more on Danny Schechter’s history, see NewsDissector. org/dissectorville. Feedback welcome: dissector@mediachannel.org SUBSCRIBE TO COLDTYPE.NET Check out ColdType and the ColdType Reader at www.coldtype.net. To subscribe, send an email to editor@coldtype.net
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“[This] may well turn out to be g
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Comments on The Crime of Our Time
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“Danny ranges wide over the polit
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THE CRIME OF OUR TIME WaS the econo
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Contents Preface By Larry Beinhart,
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PrefaCe By Larry Beinhart Dear Pros
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Boesky accepted a plea bargain. Thr
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MUsICaL PrefaCe/ soUnD traCK Plunde
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“Denial is the refusal to acknowl
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xx lies losing their homes. After a
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xxii analysis. There may be journo-
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xxiv “The investigation is the la
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xxvi then so clearly an economic bo
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xxviii I was well aware of all the
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xxx Special thanks to ColdType.net
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xxxii offs have taken a heavy toll
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xxxiv of failures were cited - a fa
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xxxvi borrowers would not be able t
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xxxviii any illusion that public or
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xl eclipses the S&L debacle in term
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xlii The requirement of a liquid fi
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xliv • This environment was enabl
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xlvi fundraiser, “This is an impr
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xlviii But there were many who saw
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l Commenting in the Atlantic magazi
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lii white-collar criminals build ar
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liv wrong doers are to be brought t
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CHAPTER 1 THE MADOFF MOMENT BEFORE:
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the SEC’s Division of Enforcement
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sands of clients had $65 billion. B
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‘How am I supposed to find the se
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Noting that “for decades, Mrs. Ma
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11 And what about the victims? What
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13 kerage called Cohmad) was a “p
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15 In early September 2009, the SEC
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in which we took them, along with h
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19 These suggestions may or may not
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21 ber #3 was Norman Schmidt who ra
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23 in this case, I would suspect th
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violent and physical crimes. If som
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about them, namely investigations a
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30 Times’ Gillian Tett worries th
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32 Over 730,000 counts of suspected
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34 didn’t think that they, how co
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36 So there you have it - the same
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38 The victims of corporate crimina
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40 attracted a slew of illustrious
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42 use the “borrowed” money to
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44 inside deals, require less artis
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46 “Because we measure the effect
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48 White House is not going to be t
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50 it; so they set it up, not as a
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CHAPTER 6 wHO sHOulD bE prOsEcuTED?
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ecause of a failure of a number of
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state, in the grip of the early-Rea
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CHAPTER 7 iNVEsTigATiNg FiNANciAl c
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estimate the strength of hostile el
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former executives running the feder
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As readers know, I have stated many
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CHAPTER 8 cOuNT 1: prEDATOrY subpri
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I interviewed him at length. He is
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In the November 2006 study we expla
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They write: 73 Those who are allege
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75 fact, mechanically more interest
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General Andrew Cuomo labels as a sc
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79 It is hard not to feel that her
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81 Research Service Report in Augus
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84 a little piece of the layer of a
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86 A former Vice President of Stand
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88 sion in which he examined one ho
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CHAPTER 11 cOuNT TwO: wAll sTrEET c
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93 tion, vast resources were transf
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Flanders then asked Black to bring
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CHAPTER 12 COUNT THREE: THE INSURER
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AIG’s later role in escalating th
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101 BILL MOYERS: Is it possible tha
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103 you might have seen an opportun
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105 not a question most media outle
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108 eling but there was no discussi
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110 scamming them - and there is tr
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112 earnings were being created. Th
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114 out at his former colleagues du
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116 There is an unfortunate dialect
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118 advertising money sloshing arou
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120 It was startling to watch a Fox
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122 I pressed Starkman on whether t
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CHAPTER 15 THE BEAR STEARNS “BLEE
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as collateral to obtain overnight l
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129 DS: Around 11 am they watch the
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131 was financing and forcing the b
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133 hearing about a mortgage being
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135 Bamber replied, “Absolutely,
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137 www.huffingtonpost.com/ellen-br
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STEWART: But isn’t that financial
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142 this was a turning point in the
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144 the credit-market collapse that
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146 Shock Doctrine, in which a majo
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148 Doctor Housing Bubble, Lehman B
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150 management of internal risk and
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152 In the aftermath of his company
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154 the price of oil kept rising sh
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156 The government has machinery in
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158 The reports on it are sketchy,
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160 system. And while there is some
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162 tronically printed cash and buy
Page 223 and 224: 164 this is where all the money is
Page 225 and 226: 166 “Bernanke is being praised fo
Page 228 and 229: CHAPTER 18 THE TESTOSTERONE FACTOR
Page 230 and 231: 171 prostitutes exposed in each win
Page 232 and 233: 173 “Sexualize?” I asked him, h
Page 234: 175 There was another cultural phen
Page 237 and 238: 178 non-governmental think tanks re
Page 239 and 240: 180 $5 BILLION IN POLITICAL CONTRIB
Page 241 and 242: 182 ing the post of Treasury Secret
Page 243 and 244: 184 AP explained. “The report sai
Page 245 and 246: 186 In Obama’s speeches across th
Page 247 and 248: 188 financial system because if you
Page 249 and 250: 190 ing at a snail’s pace.) Johns
Page 251 and 252: 192 parency for derivatives as a re
Page 253 and 254: 194 structure of the economy itself
Page 255 and 256: 196 predators are not getting away
Page 257 and 258: 198 current big finance) vs. centri
Page 259 and 260: 200 tions of power still associate
Page 261 and 262: 202 all trapped inside the bubble a
Page 263 and 264: 204 officials who knowingly misled
Page 265 and 266: 206 The chances of a just outcome a
Page 267 and 268: 208 Wall Street’s behavior may be
Page 269 and 270: 210 are not ones we can count on. W
Page 271 and 272: 212 Schechter’s professional jour
Page 273: 214 1999 A Hero for All: Nelson Man
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Danny Schechter - ColdType

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