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	<title>thekeeling.com &#187; Viacom</title>
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	<description>From the Desk of Julian A. Keeling</description>
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		<title>RECESSION MUCH DEEPER THAN THE EXPERTS ADMIT TO</title>
		<link>http://thekeeling.com/archives/263</link>
		<comments>http://thekeeling.com/archives/263#comments</comments>
		<pubDate>Wed, 17 Dec 2008 01:05:59 +0000</pubDate>
		<dc:creator>julian</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[American Dream]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[CBS]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[McCain]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Newscorp]]></category>
		<category><![CDATA[NPR]]></category>
		<category><![CDATA[Recession]]></category>
		<category><![CDATA[Rupert Murdoch]]></category>
		<category><![CDATA[Sam Zell]]></category>
		<category><![CDATA[Sumner Redstone]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Tribune Company]]></category>
		<category><![CDATA[Viacom]]></category>
		<category><![CDATA[Wall Street]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://thekeeling.com/?p=263</guid>
		<description><![CDATA[I am all for being an optimist, but the very experts who are telling us everything will start becoming great again in 2009 are the very bastards who put us here in the first place! The problem is the media is no longer independent and are closely linked to the very Wall St investment banks [...]]]></description>
			<content:encoded><![CDATA[<p>I am all for being an optimist, but the very experts who are telling us everything will start becoming great again in 2009 are the very bastards who put us here in the first place! The problem is the media is no longer independent and are closely linked to the very Wall St investment banks that caused the greatest financial collapse in history. Every media owner including Murdoch&#8217;s Newscorp and Sumner Redstone&#8217;s CBS/Viacom has been reliant upon leveraging its assets to grow or stay in existence. Why would they want to tell the truth when their empires have been built using OPM (other people&#8217;s money) raised through the finance houses of the world? It is absolutely incredible that the same analysts (along with politicians like &#8220;No Brain&#8221; McCain) who literally only weeks ago were telling us the economy was sound and that we could all look forward to continued prosperity are still showing their faces on television and in the print media continuing to dumb us down and tell us just around the corner everything will be okay.</p>
<p>Well, Goldman Sachs, Morgan Stanley, Bank of America et al, I am not buying into your boloney. Jail is the place where we hold murderers, rapists and thieves and the senior executives of the financial world (yes, the lot of them) whom I deem to be thieves are absolutely deserving of a very long holiday in the Big House courtesy of the court system. And I would include some publishers/ journalists in my list of felons too! You people still cannot pony up with the truth and even though your companies are in meltdown you have the audacity to keep up in telling the average bloke, &#8220;Sorry, little fellow, you spent up on the American Dream when you couldn&#8217;t afford to and look what a mess you have gotten us into!&#8221; The fact is you jerks on Wall St gambled with our hard earned money creating extraordinary wealth for yourselves, bought the media onto your side, all the while believing you held the trump (excuse the pun) card over us.</p>
<p>Now we&#8217;ve seen the first major collapse of a media corporation, Sam Zell&#8217;s Tribune Company, (with many others, including CBS on the brink of insolvency) we may find editors prepared to print/speak the truth and to hell with their employers&#8217; self interests. The world in my opinion is in recession and no amount of bailouts to the banks is going to make any difference; they all need to be nationalized. Until independently-owned Media is truly owned and controlled by men and women with a passion for seeking and publishing the truth, we will be camouflaged from what is truly happening in this world. At least public broadcasting news and views has a history of informing its viewers/listeners with the unfettered truth without bias. Maybe some of the &#8220;TARP&#8221; funds should be used to increase the coffers of NPR and Public Television so they can take a dominant position in imparting America with knowledge of the real facts of the state of our nation.</p>
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