Running Rupert to Ground – Vox Populi, Vox Dei
By Michael Collins
How will they get rid of Rupert Murdoch and his toxic enterprises?
July 4, 2011 may turn into the people's Independence Day. On that day, stellar journalist Nick Davies of the Guardian released his story; Missing Milly Dowler's voicemail was hacked by News of the World. Twelve year old Milly Dowler had been kidnapped with foul play feared. The Murdoch tabloid couldn't resist. News of the World (the News) hired a private detective to hack Milly's voicemail. Finding the mail box full, the News or its hired dick deleted existing messages to make room for new ones, all to fuel their ongoing coverage. The deleted messages raised hopes by Milly's parents that she was still alive and using her voicemail. (Image)
The Davies story elicited a reaction of near universal shock, outrage, and revulsion. Milly had already been murdered by the time the Murdoch paper began its illegal tapping.
The public revulsion resulted in immediate and fervent popular demands for justice. Those demands were compounded by follow-up stories on other Murdoch media hacking. As it turned out, the News also broke into the voicemails of war widows to capture their most intimate exchanges on the loss of fallen soldiers in Afghanistan and Iraq. All in all, at least 4,000 citizens had their voicemails hacked to boost the Murdoch publication's circulation and profits.
PermalinkWill the NY Attorney General Bring Doomsday Charges Against Wall Street? If So, How Long Will He Survive?
Gretchen Morgenson of the New York Times just published one of the few feel good stories in months following the 2008 financial crisis. She describes a possible day of reckoning for the perpetrators of the 2008 crisis and much of the pain that has followed.
The newly elected New York attorney general, Eric Schneiderman (D), wants information from Goldman Sachs, Bank of America, and Morgan Stanley. Among other things, the information concerns mortgage pooling and bundling. This may well include information on collateralized debt obligations (CDO's) and mortgage backed securities (MBS). New York state officials told Morgenson:
"The New York attorney general has requested information and documents in recent weeks from three major Wall Street banks about their mortgage securities operations during the credit boom, indicating the existence of a new investigation into practices that contributed to billions in mortgage losses." New York Investigates Banks’ Role in Financial Crisis New York Times, May 16
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