Friday, June 11, 2010

New York Times Runs Yet Another Banking Industry Propaganda Piece

by Yves Smith from her blog, Naked Capitalism.  This astute blogger spots spin immediately when she reads mainstream articles--this time it's spin on behalf of the banking industry.
The message is none too subtle: you can’t be mean to those banks! They are part of our communities! We really really need them! Even a city in the heartlands like Louisville depends on them!