One need look no further than the latest article by Matt Taibbi in Rolling Stone about the "in your face" theft of public funds by powerful Wall Street executives and their wives to see the rot and corruption in our mainstream news media. In the article, Taibbi explains how Susan Karches and Christy Mack set up a Cayman Island company that received over 200 million in federal funds to invest risk free. In short, these women came up with a 15 million dollar buy-in that allowed them to get hundreds of millions of taxpayer dollars to invest WITH NO RISK.
The most amazing aspect of this story is the deafening silence from other news media about this story.
http://www.opednews.com/Quicklink/Taibbi-on-a-Fed-Bailout-th-in-General_News-110412-437.htmlHEre is the link to Google News about the story. Note only 9 hits.
http://news.google.com/news/search?aq=f&pz=1&cf=all&ned=us&hl=en&q=karches