bank http://mrc.org/taxonomy/term/12537/all en Networks Tout Fed Nominee Yellen’s ‘Brilliance’ http://mrc.org/articles/networks-tout-fed-nominee-yellens-brilliance <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> ABC, CBS and NBC sing praises of liberal likely to be next Federal Reserve chairman, only CBS mentions critics. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/sean-long">Sean Long</a> </div> </div> </div> <p dir="ltr">President Obama nominated Janet Yellen, Fed vice chair, to head the Federal Reserve on Oct. 9. If confirmed, she will take on Ben Bernanke’s role as chairman and be the first woman in that role. Networks lauded her nomination that evening, after having paid little attention to her liberal policies in recent months.</p><p dir="ltr">Broadcast network evening and morning shows were giddy at the nomination of Yellen. Her economic experience, intelligence and “working class roots” were all praised the night of her nomination and the following morning. &nbsp;</p><div class='signature'><p>— Sean Long is Staff Writer at the Media Research Center. <a href="http://www.twitter.com/@SeanLong717" target="_blank">Follow Sean Long on Twitter.</a></p></div><p><a href="http://mrc.org/articles/networks-tout-fed-nominee-yellens-brilliance" target="_blank">read more</a></p> Articles MRC Business Business Economy Government Media abc bank Banking cbs Economics economist Fed chairman Fed economists Federal Reserve inflation Janet Yellen miss America monetary policy NBC obama obama nominee Thu, 10 Oct 2013 19:09:06 +0000 julia.seymour 44689 at http://mrc.org Media Favor Regulation, Barely Notice Failures of Regulators http://mrc.org/articles/media-favor-regulation-barely-notice-failures-regulators <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>Since Obama took office, there’s been a leftward swing toward increased regulation. The news media have supported that tilt, generally failing to demand explanations for high profile failures of government regulators.</p><p>From the financial crisis to the Gulf oil spill, a recent string of problems exposed serious failures of government regulators that are supposed to protect the public. But broadcast news media rarely criticized the poor performance of government in such cases.</p><p><a href="http://mrc.org/articles/media-favor-regulation-barely-notice-failures-regulators" target="_blank">read more</a></p> Articles MRC Business Business bank britishpetroleum broadcast ChrisDodd CoalMining FinancialReform Financialregulation interiordept. miningaccident MMS networks NewYorkTimes obama oildrilling oilspill Regulation SEC WallStreet WashingtonPost Wed, 19 May 2010 20:20:25 +0000 admin 27274 at http://mrc.org CNBC Reporters Draw 'Scary' Comparisons between Lehman, Bear Stearns http://mrc.org/articles/cnbc-reporters-draw-scary-comparisons-between-lehman-bear-stearns <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/paul-detrick">Paul Detrick</a> </div> </div> </div> <p >     In light of their reporting on the failure of investment firm <em>Bear Stearns</em> Companies Inc. <a href="https://mrc-mail.mediaresearch.org/exchweb/bin/redir.asp?URL=http://finance.google.com/finance?q=NYSE:BSC" />(NYSE: BSC)</a>,, it seems CNBC reporters aren’t “tip-toeing around on eggshells” when reporting about problems at Lehman Brothers Holdings Inc. <a href="http://finance.google.com/finance?q=NYSE:LEH" />(NYSE: LEH)</a>.</p><p><a href="http://mrc.org/articles/cnbc-reporters-draw-scary-comparisons-between-lehman-bear-stearns" target="_blank">read more</a></p> Articles MRC Business Business Economy Media bank BearStearns CNBC Gasparino Fri, 12 Sep 2008 18:05:35 +0000 admin 25932 at http://mrc.org Time to Bury Fannie & Freddie, Not Praise Them http://mrc.org/commentary/time-bury-fannie-freddie-not-praise-them <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/pete-sepp-special-bmi">Pete Sepp, Special to BMI</a> </div> </div> </div> <p >     Julius Caesar’s decision to cross the river Rubicon touched off three years of bloodshed and strife that changed the Roman world. So it is (in less dramatic fashion) with the decisions Congress will make about whether and how to bail out Fannie Mae and Freddie Mac, the two Government-Sponsored Enterprises (GSEs) that facilitate a majority of home mortgages in the United States. These choices will change the way the federal government interacts with financial markets for years to come.</p><p><a href="http://mrc.org/commentary/time-bury-fannie-freddie-not-praise-them" target="_blank">read more</a></p> Commentary MRC Business bank bill borrower bush congress Credit crisis crunch FannieMae FHA FreddieMac home House housing IndyMac lender Loan mortgage Wed, 06 Aug 2008 14:14:39 +0000 admin 29720 at http://mrc.org A Year Later -- CNBC's Cramer Called It http://mrc.org/articles/year-later-cnbcs-cramer-called-it <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p >     You have to give credit where credit is due. </p> <br /> <p >     On Aug. 3, 2007, CNBC’s “Mad Money” host Jim Cramer lost his cool about Federal Reserve Chairman Ben Bernanke’s reluctance to cut key interest rates. A year later, his comments about Bear Stearns have been largely correct.</p><p><a href="http://mrc.org/articles/year-later-cnbcs-cramer-called-it" target="_blank">read more</a></p> Articles MRC Business Business Economy Media bank BearStearns CNBC JimCramer Fri, 01 Aug 2008 22:29:02 +0000 admin 26009 at http://mrc.org CNBC's Burnett Gives Schumer Free Pass on IndyMac Bank Run http://mrc.org/articles/cnbcs-burnett-gives-schumer-free-pass-indymac-bank-run <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; Perhaps bank runs are caused by stars aligning, or maybe they appear out of thin air. They certainly aren’t caused by powerful politicians publicly questioning a bank’s security, according to CNBC’s Erin Burnett.</p><p>&nbsp;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp; Burnett, host of “Street Signs,” disputed a claim by MSNBC “Morning Joe” host Joe Scarborough that a letter to regulators from Sen. Charles Schumer, D-N.Y., caused a run on the distressed bank IndyMac, which eventually led to its failure and takeover by the Federal Deposit Insurance Corp.</p><p><a href="http://mrc.org/articles/cnbcs-burnett-gives-schumer-free-pass-indymac-bank-run" target="_blank">read more</a></p> Articles MRC Business Business bank burnett CNBC crisis deposit Depression failure IndyMac Loan money NewYork NY Recession run schumer withdrawl Thu, 24 Jul 2008 16:46:24 +0000 admin 26027 at http://mrc.org 'Evening News' Praises $25-Billion GSE Bailout http://mrc.org/articles/evening-news-praises-25-billion-gse-bailout <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; Some call the housing bailout bill the biggest intervention in the U.S. economy since the New Deal, but “CBS Evening News” doesn’t seem to mind.</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/evening-news-praises-25-billion-gse-bailout" target="_blank">read more</a></p> Articles MRC Business Government Bailout bank FannieMae FreddieMac GSE home House housing lender Loan money mortgage Thu, 24 Jul 2008 14:00:32 +0000 admin 26028 at http://mrc.org IndyMac Attack http://mrc.org/articles/indymac-attack <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/nathan-burchfiel">Nathan Burchfiel</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; The failure and federal takeover of the California-based IndyMac Bank July 11 signaled a coming financial apocalypse, according to network news reports that predicted “hundreds if not thousands” more bank failures but largely failed to put the event in historical context.</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/indymac-attack" target="_blank">read more</a></p> Articles MRC Business Business bank banker Credit crisis crunch deposit fail failure FDIC IndyMac insurance Loan money Recession Wed, 23 Jul 2008 15:33:50 +0000 admin 26030 at http://mrc.org ABC Hypes IndyMac Panic For Third Day Straight http://mrc.org/articles/abc-hypes-indymac-panic-third-day-straight <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/kelly-brown">Kelly Brown</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; ABC was full of contradictions on July 16. “Good Morning America” told viewers not to panic over the IndyMac bank failure, but listed a handful of banks its experts suspect are troubled. </p><p>&nbsp;</p><p><a href="http://mrc.org/articles/abc-hypes-indymac-panic-third-day-straight" target="_blank">read more</a></p> Articles MRC Business Business abc bank BiannaGolodryga ChrisCumo Foreclosure GoodMorningAmerica IndyMac MediaBias Thu, 17 Jul 2008 12:01:05 +0000 admin 26043 at http://mrc.org Media Feed Hysteria over Indymac Failure http://mrc.org/articles/media-feed-hysteria-over-indymac-failure <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/kelly-brown">Kelly Brown</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; “Stocks plummet.” “Massive bank failures.” “Banks in deep trouble.” If you had been watching ABC’s “Good Morning America” or CBS’s “Early Show” July 15, this is what you would have heard. </p><p>&nbsp;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp; The recently-failed Indymac Bank represented less than 0.2 percent of total banking assets, but the media are claiming it’s an indication of many more bank failures to come. </p><p>&nbsp;</p><p><a href="http://mrc.org/articles/media-feed-hysteria-over-indymac-failure" target="_blank">read more</a></p> Articles MRC Business Economy bank Banking boom bust closing Credit crisis crunch Depression failure financial housing IndyMac Recession run S&L Tue, 15 Jul 2008 21:02:36 +0000 admin 26047 at http://mrc.org Dodd Defends Sweetheart Countrywide Mortgage Deal http://mrc.org/articles/dodd-defends-sweetheart-countrywide-mortgage-deal <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; U.S. Sen. Chris Dodd &nbsp;(D-Conn.) has remained largely unhurt by the controversy over his “sweetheart” deal with mortgage lender Countrywide. But CNBC’s Carl Quintanilla finally bucked the media trend of ignoring the scandal and brought the loan up in an interview with the former Democratic presidential hopeful July 14.</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/dodd-defends-sweetheart-countrywide-mortgage-deal" target="_blank">read more</a></p> Articles MRC Business Business Bailout bank borrow Countrywide deal Dodd home House housing interestrate lender Loan mortgage percentage Scandal Senate senator special sweetheart taxpayer treatment V.I.P. VIP Mon, 14 Jul 2008 17:23:34 +0000 admin 26051 at http://mrc.org ABC: Bank Failure Evokes 'People Stuffing Their Mattresses' Like the Depression http://mrc.org/articles/abc-bank-failure-evokes-people-stuffing-their-mattresses-depression <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/kelly-brown">Kelly Brown</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; The failure of IndyMac Bank signals a coming depression, according to doom-and-gloom reports from ABC’s “Good Morning America.”</p><p>&nbsp;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp; Correspondent Bianna Golodryga glumly predicted on the July 14 broadcast that “300 banks could fail within the next three years.”</p><p>&nbsp;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp; “So where should you put your money right now?” host Robin Roberts asked. “Because I know there are some images of people feeling like people are stuffing their mattresses like they did back in the Depression.” </p><p><a href="http://mrc.org/articles/abc-bank-failure-evokes-people-stuffing-their-mattresses-depression" target="_blank">read more</a></p> Articles MRC Business Business Economy bank California Credit crisis crunch deposit FDIC IndyMac insurance insured money run Mon, 14 Jul 2008 17:09:17 +0000 admin 26052 at http://mrc.org 'World News:' Banks 'Deceived' Borrowers into Overextending Themselves http://mrc.org/articles/world-news-banks-deceived-borrowers-overextending-themselves <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; The blame game for the personal credit woes plaguing the <st1:place w:st="on"><st1:country-region w:st="on">United States</st1:country-region></st1:place> has been played over and over again. But fault is almost always cast upon the same party: banks, not borrowers. ABC “World News with Charles Gibson” was no different. </p><p>&nbsp;</p><p><a href="http://mrc.org/articles/world-news-banks-deceived-borrowers-overextending-themselves" target="_blank">read more</a></p> Articles MRC Business Economy abc bank CarolynMaloney ConsumerFederationofAmerica Credit DavidMuir debt housingboom JohnLaPerch lending Loan personalresponsibility USAToday WorldNewswithCharlesGibson Wed, 18 Jun 2008 15:33:10 +0000 admin 26107 at http://mrc.org ABC Warns of Credit Card 'Addiction' http://mrc.org/articles/abc-warns-credit-card-addiction <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/kelly-brown">Kelly Brown</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; When credit card companies “just make it so easy,” people become addicted to debt. That’s what “Good Morning America” reported on the June 11 show. &nbsp;</p><p>&nbsp;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp; “With the increased costs of gas and groceries, more Americans are turning to their credit cards to make ends meet,” Robin Roberts reported. “But for some people it has reached a crisis situation, so bad that their credit card problem has turned into an addiction.”</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/abc-warns-credit-card-addiction" target="_blank">read more</a></p> Articles MRC Business Economy addiction bank borrow creditcard crisis crunch finance financial lender money Recession save trapped Wed, 11 Jun 2008 21:35:21 +0000 admin 26125 at http://mrc.org 'Nightly News' Attacks Home Lenders for Not Caving in to Troubled Borrowers http://mrc.org/articles/nightly-news-attacks-home-lenders-not-caving-troubled-borrowers <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; The June 9 NBC “Nightly News” broadcast continued an all-out media assault on home lenders, which are suffering in an industry ailing from subprime mortgages gone bad. Correspondent Lisa Myers criticized one lender, Countrywide (NYSE:<a href="http://finance.google.com/finance?q=NYSE%3ACFC"></a>CFC), for being slow to help homeowners in trouble and vilified the company for not being quicker to accept concessions.</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/nightly-news-attacks-home-lenders-not-caving-troubled-borrowers" target="_blank">read more</a></p> Articles MRC Business Economy bank borrower Countrywide crisis Foreclosure home House housing lender Loan Recession Tue, 10 Jun 2008 15:12:39 +0000 admin 26131 at http://mrc.org