Since forming MFI-Miami four years ago, I am bombarded with questions by the media about what caused the housing meltdown. I would give the standard canned answers that fit whatever angle of week that outlet was looking for and personally I didn’t care as long as I got to promote MFI-Miami. I kept quiet about what I really felt was the true causes of the crash because I knew there was no way the major media outlets would interview me again if I stepped out of line and told the truth.
What most people don’t realize is that when the mainstream media reports on the financial crisis or the foreclosure crisis, they have to be very careful what they say and how they present something and there is a reason for it. It’s not because they may say something that is libelous or malicious, but because it may be true. This is why why we have seen virtually no coverage on the foreclosure crisis on the mainstream media. On Saturday, Max Keiser gave an interesting commentary at the beginning of his show on RT and how the journalists at CNBC are “on the air to defend the actions of the banking industry.”
The mainstream media in this country decides what stories will be published or aired based not on if a story is a legitimate news story but on the financial needs of that outlet’s parent company. The dystopian future of journalism controlled by corporate interests predicted in the 1976 movie, Network has become all too real.
Keep reading: Whistles Were The Only Thing NOT Being Blown By Wells Fargo | MFI-Miami.
