One of my (arrogant) hopes for this (humble) newsletter is to make a case for better journalism and better journalism consumption. Right now our journalism is dangerously warped by the guidance we’ve all heard for more than a generation: To trust our instincts and follow our guts. This is bad. It’s undoing progress that was achieved using brains. And the job of brains is to overrule what our guts tell us, what we feel in our bones, and what our hearts want.
The solution politicians came up with was bail out the banks, the perpetrators of this fiasco leaving the borrowers, the victims, to fend for themselves. Many of the borrowers lost everything. Corporate capitalism at its finest.
Of course Larsen is right on. I haven't finished reading this piece, but after having to listen to my uncle's Fox News (really?) for hours on end the normal network news seems heroic. Fox & their like networks have thoroughly brainwashed and manipulated their market into true believers who are convinced that they are the enlightened.
As an old, I remember all of this yet banks and the politicians who love them are clamoring to be allowed to deregulate. Again. Live and LEARN, people! The aphorism is to live AND LEARN!
The solution politicians came up with was bail out the banks, the perpetrators of this fiasco leaving the borrowers, the victims, to fend for themselves. Many of the borrowers lost everything. Corporate capitalism at its finest.
Of course Larsen is right on. I haven't finished reading this piece, but after having to listen to my uncle's Fox News (really?) for hours on end the normal network news seems heroic. Fox & their like networks have thoroughly brainwashed and manipulated their market into true believers who are convinced that they are the enlightened.
As an old, I remember all of this yet banks and the politicians who love them are clamoring to be allowed to deregulate. Again. Live and LEARN, people! The aphorism is to live AND LEARN!