The More You Know
Friday, July 25, 2008
Here's a bit news on a Friday night: two more banks have failed, one in Nevada and another in California. Look for the story on television and news websites. You probably won't find it. When IndyMac failed last week, it was two or three days before any of the major new outlets mentioned it.
"Don't panic the people, don't panic the people" is the establishment's mantra.
The Failures.
UPDATE: I gave the media too little credit. This morning, MSNBC has the failures on its frontpage and Drudgereport has the article prominently featured. Nothing on CNN, though.