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Towards the end of 2008, I was walking briskly to Wall Street with a crew to begin filming my documentary, Plunder: The Crime of Our Time, about financial crime. A sudden call of nature forced me to divert into a nearby Borders bookstore with facilities.
As I was leaving, I ran into none other than former Federal Reserve Board Chairman Alan Greenspan, who had just finished a book-signing event, and was also on the way out.
My crew watched in amazement as I exited, almost hand-in-hand, in the company of one of the most powerful men in finance, the nation's biggest economist, then known as "The Maestro", who was surrounded by a coterie of book flacks and securitymen.
Media manipulation: Why some ideas are more visible than others
Seeded on Tue Feb 28, 2012 9:29 AM EST
Article Source: alJazeera Magazine
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Some answers can be found in another new book, asset manager Barry James Dyke's self-published The Pirates of Manhattan 2, which factually shows how closely our mass media is tied to the interests of Wall Street mutual funds.
In one chapter, "Media Madness & Truth Decay", he not only shows the massive role that advertising by financial firms has on TV and newspapers - in which advertisements comprise 87 per cent of revenue - but also how media executives pay themselves like bankers with outsized salaries and huge bonuses.
Dyke shows that this same pattern prevails in public broadcasting, where shows like Nightly Business Report and National Public Radio's Marketplace Money are, in effect, "pep rallies for Wall Street" funded by financial firms that also pay their elite managers high salaries.
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