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View Diary: SCARY: Koch Brothers interested in Tribune Co.'s newspapers and possibly its TV stations (30 comments)

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  •  A swing and a miss is a better description for (0+ / 0-)

    that LA Times piece on the FDIC.  "Hard hitting" needs substantiation and coherence.  Both were missing.

    There is no existence without doubt.

    by Mark Lippman on Tue Mar 12, 2013 at 05:29:29 PM PDT

    [ Parent ]

    •  Did you read the diary on the rec list? (0+ / 0-)

      "We the People of the United States...." -U.S. Constitution

      by elwior on Tue Mar 12, 2013 at 05:34:34 PM PDT

      [ Parent ]

    •  Here's a sample: (1+ / 0-)
      Recommended by:
      blueoasis
      ...reporter E. Scott Reckard filed a story that’s still breaking in the blogosphere wherein we learn that, since 2007, the Federal Deposit Insurance Corporation (“FDIC”) deliberately withheld information from the public and the press concerning fraud and negligence settlements with “scores“ of banks.

      Reckerd reported that his newspaper had filed a Freedom of Information Act (FOIA) request with the Federal Deposit Insurance Corporation and “…obtained more than 1,600 pages of FDIC settlements, made from 2007 through this year with former bank insiders and others accused of wrongdoing. The agreements constitute a catalog of fraud and negligence: reckless loans to homeowners and builders; falsified documents; inflated appraisals; lender refusals to buy back bad loans.”

      "We the People of the United States...." -U.S. Constitution

      by elwior on Tue Mar 12, 2013 at 05:38:04 PM PDT

      [ Parent ]

      •  Nothing has been published anywhere, including the (0+ / 0-)

        LA Times, to explain the writer's conclusion.  The article gives no hint what was in the 1600 pages to suggest that the FDIC "deliberately withheld information from the public and the press."  Instead, the article opens with its startling assertion but it only presents incomplete, contradictory and inconclusive information.

        The LA Times writer offers his explanation for a settlement with no press release as if it was the only possible reason for it.  The FDIC may have been prevented from making a public statement because of cases against it filed by Deutsche Bank in federal court. In at least one of the cases. Deutsche asked for a jury trial.  The FDIC as the defendant would appear to be prejudicing the case.  It's an important case, awaiting resolution as it will determine the FDIC's ability to function in the future.  How could that hard-hitting LA Times investigative reporter miss what I was able to find in spare moments today?  

         

        There is no existence without doubt.

        by Mark Lippman on Tue Mar 12, 2013 at 06:00:04 PM PDT

        [ Parent ]

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