Plunder: Investigating Our Economic Calamity and the Subprime Scandal

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Cosimo, Inc., Jan 1, 2008 - Social Science - 196 pages
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DANNY SCHECHTER, "The News Dissector" has spent decades as a truth teller in the media, with leading media companies and as an independent filmmaker with the award-winning independent company Globalvision. A graduate of Cornell and the London School of Economics, Schechter was a Nieman Fellow at Harvard and a multiple Emmy Award winner at ABC News, where he was among the first to cover the S&L crisis. In 2007, his film IN DEBT WE TRUST wasthe first to expose Wall Street's connection to subprime loans, predicting the economic crisis that this book investigates. Schechter is a blogger, editor of Mediachannel.org, and author of nine books. He has reported from 53 countries, and lives in Gotham. He owns no derivatives or tranches.
 

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Perfect for : Personal Use, Someone interested in learning about the impacts to the current economy In a nutshell: I believe that many things have led to our current economic crisis, and I also ... Read full review

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Contents

THE ORIGINS OF THE SCANDAL
1
THE REAL CAPITOL OF AMERICA AND THE WORLD
15
THE UNSPOKEN CONTEXT
31
Typical Predatory Practices
46
Will Shopping Save Us?
47
The Secret Language of Finance
53
How Did We Miss the Signs of the Impending Crisis?
56
As the Problem Becomes an Issue Resistance Emerges
62
The Failure of Liberal Activism
98
California Burning Wall Street Churning
102
Humpty Dumpty Rides the Waves
106
PROGNOSIS What Happens Now?
111
Saving Wall Street From Itself
117
March 272008 Inside Bear Stearns
125
Fed Up
131
A First Accounting
134

Wall Street Protest Madness Update
69
CHRONICLING THE IMPLOSION 2007
73
Plunge
76
The Presidential Press Conference
77
The Waters Are Not Calmed
78
Wild Swings
80
The Injection
82
Bad Debt Financing Big Deals
84
The Fed Steps In
85
A Jobs Report Brings Hope
89
Jobs Estimates Revised Downward
93
Its Bad and That Aint Good
94
Bankers Debate Moral Hazards
95
When the Political is Also Personal
97
DEBT AS A GLOBAL ISSUE
137
Visiting South Africa
140
Debt Relief
143
The Fire Bell in the Night
145
The Crisis Becomes an Issue
149
What Do You Have to Say?
156
LAST WORDS
169
Can You Challenge the Financial News Narrative?
172
Faction vs Fiction Mistakes the Media Made
175
Business News
187
Resources on the Issues
189
The Authors Bio
193
Other Works by the Author
194
Copyright

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About the author (2008)

Daniel Isaac Schechter was born in Manhattan, New York on June 27, 1942. He received a bachelor's degree from Cornell University. While there, he organized rent strikes in Harlem and marched for civil rights in Washington, D. C. and in the South. He received a master's degree from the London School of Economics, where he became active in the antiapartheid movement. In 1971, he joined the Boston rock station WBCN-FM, where he found a following as Danny Schechter, the News Dissector. As a producer of the ABC News magazine 20/20, his work won two Emmy Awards. In 1988, he and Rory O'Connor founded Globalvision, which produced Rights and Wrongs: Human Rights Television and South Africa Now, a weekly public affairs program that won a George Polk Award in 1990. During his lifetime, he wrote 17 books including The More You Watch the Less You Know: News Wars/(Sub)Merged Hopes/Media Adventures and Madiba A-Z: The Many Faces of Nelson Mandela. He also made more than 30 films, including six documentaries on Nelson Mandela and another entitled WMD: Weapons of Mass Deception. He died of pancreatic cancer on March 19, 2015 at the age of 72.

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