NY Times Has a Fatal Wall Street Bias
By Pam Martens and Russ Martens
Posted November 6, 2016
The New York Times is the one paper in America that should be viewed with particular skepticism when it comes to Wall Street. It was a cheerleader for years on its editorial page, promoting the repeal of the Glass-Steagall Act. The Times apology, coming after the deregulated Wall Street had crashed the U.S. financial system and left millions of innocent Americans without jobs and in foreclosure, was too little too late.
A few years back, when William D. Cohan (left) was writing for Bloomberg News, one could reliably count on him to hold Wall Street’s feet to the fire. Now Cohan is writing for the New York Times and it feels like the Times sent him for an in-house lobotomy or at least a crash course in reoriented thinking. More…