Zombie Financial Media: Fair taxation on Wall Street (iTulip.com)

[FRED]

[wayne]

Re: Zombie Financial Media: Fair taxation on Wall Street (iTulip.com)

Thanks for this video. FOX is so blatantly horrible it attacts most of the attention, but the zombie propaganda coming from CNBC - which often gets propogated over to the NBC Nightly News mothership - is just as bad. About the only aspect of the inevitable Ka-poom that I look forward to is the likelihood that Joe Kernan, Becky Quick, Erin Burnett and their cohorts will find themselves collecting unemployment. It will be interesting to get their perspective on the War on Wealth after that happens.

[don]

Re: Zombie Financial Media: Fair taxation on Wall Street (iTulip.com)

The Zombie Media idea is one of your best yet. I've come to rely on iTulip, and its readers' insights, to assist in weathering the fiscal storm but your media critique is both entertaining and insightful in the real world culture wars waged against most of us daily.

[FRED]

Re: Zombie Financial Media: Fair taxation on Wall Street (iTulip.com)

Zombie business media and private equity lobby wins round one:

Congressional Dems Cave to Billionaire Equity Fund Managers, Won't Make Them Pay Fair Share of Taxes

In Detroit last week, just days after announcing major new layoffs at five factories, officials at Chrysler cut a deal on a new union contract that leaves workers with less wage, job, and retirement security -- and executives at Cerberus Capital Management, the private equity firm that now owns Chrysler, with a significantly better shot at hitting the jackpot.

[snip]

Meanwhile, in Washington, D.C. last week, Senate Majority Leader Harry Reid’s office confirmed that the Senate will take no action this year on closing the tax loophole that saves private equity and other private investment fund managers an estimated $12 billion a year.