Sunday, August 26, 2012

MOST AMERICAN NEWS SHOWS KEEP A LID ON THE LIBOR SCANDAL

Surprisingly, FAUX News does better than ABC, NBC and CBS combined:
1)
Fox News Network
July 20, 2012 Friday
SHOW: FOX SPECIAL REPORT WITH BRET BAIER 6:00 PM EST
Political Headlines
BYLINE: Bret Baier, Adam Housley, Wendell Goler, Jennifer Griffin, David Lee Miller, Catherine Herridge, Peter Doocy
SECTION: NEWS; International
LENGTH: 4402 words

BAIER: ... The treasury department says the process for setting a hugely important global interest rate is flawed and dangerous. It says banks capable of manipulating what is called the LIBOR affecting loan interest and putting stock markets in peril. One major bank has already admitted falsifying information to keep that rate low.

2)
Fox News Network
July 24, 2012 Tuesday
SHOW: YOUR WORLD WITH NEIL CAVUTO 4:04 PM EST
Interview With Former Troubled Asset Relief Program Special Inspector General Neil Barofsky
BYLINE: Neil Cavuto
GUESTS: Neil Barofsky
SECTION: BUSINESS
LENGTH: 1412 words

CAVUTO: But weren`t they both the same way, Neil? Isn`t your criticism that a lot of this began with the Bush administration, and continued with the Obama administration, but the policies to by and large keep the financial institutions as they are remain?

BAROFSKY: Absolutely, a protection of the status quo and going easy on the banks. I think that`s part -- we are seeing this with the fallout from the LIBOR scandal.

3)
Fox News Network
July 26, 2012 Thursday
SHOW: LIVE EVENT 3:27 PM EST
Interview with Robert Wolf
BYLINE: Liz Claman
GUESTS: Robert Wolf
SECTION: NEWS; Financial
LENGTH: 2341 words

CLAMAN: OK. Let's go back to the banking issue and the newest scandals. The LIBOR scandal, the rate manipulation scandal, which we now know, 16 banks. UBS one of them. But it was Barclays that got busted for it. And you look at this and you say, man, that -- the little guy, the retail investor is really, really down about this.

Do you understand that? Do you understand that when they look at this and say this game is totally rigged, how they feel about it?

WOLF: Listen, I have only been following the LIBOR scandal from what I read in the papers. And we need our industry to have our ethics beyond reproach. I have been a supporter of reg reform. I think it's important that we...

The big three network news divisions (ABC, CBS, NBC) combined have only ONE mention of LIBOR since July 13th:
ABC News Transcript
July 15, 2012 Sunday
SHOW: THIS WEEK 10:23 AM EST

GEORGE WILL (ABC NEWS)

(Off-camera) The Republicans have now nominated someone from the financial sector at a time when the financial sector is in extremely bad odor. Hardly a day goes by, the LIBOR scandal, TARP, that conditioned the country to believe that we're allowing the banks to keep profits private and socializing losses, all of this conditions the atmosphere in which this is occurring.

NPR has done a much better job than all of the above:
1. 7 Banks Subpoenaed In LIBOR Investigation
National Public Radio, August 16, 2012 Thursday, 90 words
2. Losing With LIBOR: One Trader's Story
National Public Radio, July 27, 2012 Friday, 645 words
3. Geithner Defends Response To LIBOR Scandal
National Public Radio, July 25, 2012 Wednesday, 669 words
4. Part Of Romney's Foreign Itinerary: Raising Money
National Public Radio, July 25, 2012 Wednesday, 763 words
5. Romney's Foreign Agenda: Listen, Learn, Olympics
National Public Radio, July 24, 2012 Tuesday, 797 words
6. LIBOR Spotlight Shifts To U.S. Regulators
National Public Radio, July 21, 2012 Saturday, 879 words
7. International Interest Rate Scandal Rumbles Forward
National Public Radio, July 19, 2012 Thursday, 676 words
8. Fed Chief Gives Gloomy Economic Review
National Public Radio, July 18, 2012 Wednesday, 499 words
9. Bernanke: U.S. Economic Growth Is Slowing
National Public Radio, July 17, 2012 Tuesday, 731 words
10. Lightning Fill In The Blank
National Public Radio, July 14, 2012 Saturday, 1168 words

MSNBC deserves an honorable mention:
1. THE ED SHOW for July 26, 2012
MSNBC, July 26, 2012 Thursday, NEWS; Domestic, 7609 words, Michael Eric Dyson
2. THE RACHEL MADDOW SHOW for July 24, 2012
MSNBC, July 24, 2012 Tuesday, NEWS; Domestic, 7694 words, Ezra Klein
3. For July 24, 2012
MSNBC, July 24, 2012 Tuesday, NEWS; Domestic, 1980 words, Mika Brzezinski, Joe Scarborough
4. THE RACHEL MADDOW SHOW for July 23, 2012
MSNBC, July 23, 2012 Monday, NEWS; Domestic, 7316 words, Ezra Klein, E.J. Dionne
5. For July 22, 2012
MSNBC, July 22, 2012 Sunday, NEWS; International, 15277 words, Chris Hayes, Jack Jacobs
6. For July 15, 2012
MSNBC, July 15, 2012 Sunday, NEWS; International, 16044 words, Chris Hayes

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