Dead Banks in '09: 17 and Counting

ABC News by John Hendren | Mar. 8, 2009 (News Report)

Republican senators urged the White House on Sunday to let some of the nation's biggest banks go under.

Republican senators urged the White House on Sunday to let some of the nation's biggest banks go under. Sen. John McCain (R-AZ) agreed in an interview with Fox, saying, "Some of these banks have to fail. "
(ABC News Graphic )"I think that they've got to close some big banks. They don't want to do it," Sen. Richard Shelby, R-Ala. told ... Full Story »

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by Michael Bugeja - Mar. 8, 2009

A politicized article concerning the sorry state of the U.S. economy, with Republicans saying let bad banks fail and Democrats arguing that blue collar citizens will be hurt the hardest if that happens. The reporter fails to note polls in which most Americans find the bailout distasteful. Worse, Democrats are doing what the GOP did under Bush and Bernanke, but ABC News doesn't touch that issue because it distracts from the slanted political theme.

This is your world without objective journalism. Rather than gather facts about a vital topic, John Hendren merely quotes Republicans who make their ... More »

The end of that era could mean a permanent change in Americans’ lifestyles, Kit Yarrow, a consumer psychologist at San Francisco’s Golden Gate University, told ... More »

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