Award winning journalist and filmmaker Danny Schechter has been vigorously forewarning the public, media and government that the bubble was going to burst and bring about an economic crises (In Debt We Trust, America Before the Bubble Bursts) -and mortgage meltdown...long before it became reality.
His books and documentaries, have consistently forecast the current credit squeeze and "subcrime" catastrophe. He has continually spoken out and implored Congress to regulate an industry that obviously can't police itself. He has further continually urged his fellow media colleagues to stop reporting the spin -investigate the truth...then report the full story.
How did the American economy go from boom to gloom in less than a year with markets melting down, banks writing off billions with regulators standing by or slashing interest rates and spurring unchecked inflation?
"This didn't just happen in the course of a usual business cycle," insists investigative journalist and media analyst Danny Schechter.
In Plunder, his latest book, he offers an in-depth investigation into the decline of the economy that's causing millions to lose jobs and face foreclosures and across-the-board price hikes.
"You wouldn't know it by relying on our media, but the subprime scandal masks massing looting by Wall Street firms using carefully calculated predatory lending schemes enabled by regulators who don't regulate and a media that looked the other way. We have lost trillions and dislocated millions with no relief in sight. Every American is paying for the greed of our financiers in the grocery store, gas pump and unemployment line. Bank robberies are not new -- but banks doing the robbing is."
Schechter is uniquely qualified to tell this story. Schechter, a.k.a "The News Dissector" spent decades as a truth teller in the media with leading media companies, and as an independent filmmaker with award-winning independent company Globalvision.
A graduate of Cornell and the London School of Economics, Schechter was a Nieman Fellow in Journalism at Harvard, and a multiple Emmy Award winner at ABC News, where he was among the first to cover the S & L crisis. He has written on the economic crisis for Nieman Reports, Editor & Publisher, The Nation, The Huffington Post, and other websites including mediachannel.org -the media issues network he edits.
Read a chapter! Plunder: Investigating our Economic Calamity and the Subprime Calamity! By Danny Schechter
His books and documentaries, have consistently forecast the current credit squeeze and "subcrime" catastrophe. He has continually spoken out and implored Congress to regulate an industry that obviously can't police itself. He has further continually urged his fellow media colleagues to stop reporting the spin -investigate the truth...then report the full story.
How did the American economy go from boom to gloom in less than a year with markets melting down, banks writing off billions with regulators standing by or slashing interest rates and spurring unchecked inflation?
"This didn't just happen in the course of a usual business cycle," insists investigative journalist and media analyst Danny Schechter.
In Plunder, his latest book, he offers an in-depth investigation into the decline of the economy that's causing millions to lose jobs and face foreclosures and across-the-board price hikes.
"You wouldn't know it by relying on our media, but the subprime scandal masks massing looting by Wall Street firms using carefully calculated predatory lending schemes enabled by regulators who don't regulate and a media that looked the other way. We have lost trillions and dislocated millions with no relief in sight. Every American is paying for the greed of our financiers in the grocery store, gas pump and unemployment line. Bank robberies are not new -- but banks doing the robbing is."
Schechter is uniquely qualified to tell this story. Schechter, a.k.a "The News Dissector" spent decades as a truth teller in the media with leading media companies, and as an independent filmmaker with award-winning independent company Globalvision.
A graduate of Cornell and the London School of Economics, Schechter was a Nieman Fellow in Journalism at Harvard, and a multiple Emmy Award winner at ABC News, where he was among the first to cover the S & L crisis. He has written on the economic crisis for Nieman Reports, Editor & Publisher, The Nation, The Huffington Post, and other websites including mediachannel.org -the media issues network he edits.
Read a chapter! Plunder: Investigating our Economic Calamity and the Subprime Calamity! By Danny Schechter
NEWSLETTER SIGN UP
SUBSCRIBE
CONTACT
Leave a comment