Tuesday, October 12, 2010

Are the Journalists Just Ignorant?

With all the news about the foreclosure mess anyone who actually knows anything about it has to be asking themselves why the media seems so surprised?

I keep seeing articles, blog posts and even tweets from the supposedly-informed reporters who are either incompetent to actually write about a subject or are simply in such a hurry to get the next word out that they don't want to take the time to do anything but sort-of-copy someone else in the feeding frenzy.

An even cursory look into the scams would reveal the major players like Fidelity and DocX and that, of course, would lead to how far back they've been doing the exact same thing.

If a REAL journalistic investigation were to keep digging (and there is still hope they will not be driven off by He Who Has the Gold) they'd find there are people now being set up to take the fall for the major corporate entities and foreclosure mills that designed, colluded, conspired and perpetrated the giant garbage disposal operation for the lending industry.

Any writer that asserts this is some kind of new thing simply demonstrates how the news media players have been much like the lap-dogs at the FTC; as long as "those people" (you know, the ones with supposedly damaged credit or that can't afford their homes or that made bad choices, etc., etc., or that were minorities), letting the industry break the law and take advantage of "them" was OK.

And instead of holding the criminal investigative agencies' feet to the fire and not letting them sweep the scam under the rug, the reporters are content to interview business executives who see all kinds of gloom-and-doom for the economy if the fraudsters are actually penalized.

He Who Has the Gold is obviously making the rules for the coverage of the story and their partners in these crimes, the foreclosure mills, are so above the law they're not even worried.

Any bets on whether there will be disciplinary actions taken against the foreclosure mills? Don't count on it; that would jeopardize too many foreclosure opportunities and only open more doors to challenges from their victims.

The Honorable Judge Roy Bean

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