I don't think there is any comparison. I think you are engaging in false equivalency. Nothing quite reaches the lowness of brow and the dimness of wit as a FOX NOOZ* broadcast. * Sounds like "news" but really isn't.
In September of 1999, an article in the New York Times predicted with amazing accuracy the financial collapse that began in 2006. --------------------------------------------- NEW YORK TIMES Fannie Mae Eases Credit To Aid Mortgage Lending By STEVEN A. HOLMES Published: September 30, 1999 WASHINGTON, Sept. 29â In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring. Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans. ''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.'' Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market. In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's. ''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.'' -------------------
The financial terrorists need to pay a higher price. I like this idea: BHUBANESHWAR, India â Indian police detained two people after an angry mob of fired workers burned to death a senior executive of a steel factory, an official said Friday. After learning they were laid off, about a dozen workers attacked a vehicle carrying Radhey Shyam Roy as he was leaving the factory in eastern Orissa state on Thursday, dousing the Jeep with gasoline and setting it on fire, said police Superintendent Ajay Kumar Sarangi. Two other people in the vehicle were allowed to flee but Roy, 59, was trapped inside and later died of severe burns, Sarangi said. Police were questioning two workers and their formal arrest on murder charges was likely, Sarangi told The Associated Press. The steel factory is in Bolangir district, nearly 250 miles (400 kilometers) west of Bhubaneshwar, the capital of Orissa state. Incidents of industrial violence are common in India, where workers often target executives in cases of wage disputes and job losses. In 2008, scores of dismissed employees of an Italian manufacturing company, Graziano Transmissioni India, used iron rods and wooden sticks to beat to death the company's local chief executive officer on the outskirts of New Delhi.
Its only false equvalency in your eyes, because you support the public sector where as i support the private sector. The entire setup by Stewart is false, the idea that bankers didnt lose their ass as well during the housing collapse is absurd. More bankers probably lost their job during that period then any time in history. Im not supporting the bankers, im merely pointing out that it is easy to demonise these guys as though they didnt take hits, but they lost more from a monetary perspective then anyone. The bankers deserved to lose the money, but so did the every day idiot who triple mortgaged his home, there is two parties in all of this.
If you actually believe that, then you miss the point entirely. Whatever Stewart's personal leanings may be, or my own for that matter, more than anything the segment is about the complete lack of consistent, let alone objective, conveyance of factual information. Whatever you may say about any of the news outlets whom you hold in low regard, none reaches the depths of information corruption perpetrated by FOX. None. Not even close. There is no comparison. Nothing matches the cartoon imagery that Stewart clips together about FOX. And the FOX clips need not be altered to make the point and bring it home. They need only to be sequentially connected for immediate comparison with one another using the very same people to illustrate how they repeatedly contradict themselves. Themselves! The hypocrisy is utter and complete.
So then we are back to my original argument. Where was the "consistent objective factual information," from the left wing media during the tea party protests, or during any time for that matter? I would change this quote to, "nothing quite reaches the lowness of brow and the dimness of wit as a person who is far to partisan to realise that their side also presents the news with an obvious political bias in a way which is clearly discernible by anyone who is on the opposite end of the spectrum." This is not meant as a jab at you specifically, but as a jab at anyone who believes their side is "righteous", while the other side is the "worst"
For whatever reason, you continue to miss the point. There is no comparison. Attempts at drawing equivalency are false. Have you watched the segment? This is only the most recent in a long line of Twilight Zone submissions for your approval. The FOX people themselves contradict themselves when it suits them. Forget the news story. Just look at the bad talking haircuts on the screen and compare them to themselves from one clip to the next.