LAMEST Excuse For SEC Madoff SCREW-UP

The following post is a response to the video at: http://money.cnn.com/video/ft/#/video/fortune/2009/01/08/fortune.sloan.sec.010809.fortune

This guy, Allan Sloan, in this "Fortune - CNN" video claims to have "been around forever" and know practically all there is to know about investing and the SEC. He rants and whines while making up ridiculously vague reasons why the SEC should not be blamed for missing the Madoff scandal. Oh, it's not the SEC's fault that they allowed investment firms to police themselves for two decades. It's not the SEC's fault that they ignored tips that clearly raised suspicion that Madoff was stealing. No, we have to expect that these things are just going to happen. As Sloan says in the video, it's more likely that the SEC will catch small-time violators than the Madoffs of the world. What an arrogant idiot!

Technorati Tags: Allan Sloan, CNN, Fortune, investment firm, Madoff, SEC, video

CNN Analysis of D.C. Madam Death Completely Flawed

CNN did a supposed analysis of theories on the death of D.C. Madam, Deborah Jeane Palfrey. However, the said analysis was severely flawed. Here are some of the gaping holes in their "analysis."

1. CNN used C.D.C. statistics for suicide by "suffocation" to show that men and women use "hanging" as the method of suicide at almost the same rate. This is completely inaccurate. Although death by hanging does certainly cause suffocation, there are many other methods of suffocation used to commit suicide other than hanging. In fact, women choose the hanging method at a much lower rate than men.

2. CNN said that there is no dependable way to analyze handwriting. This is absolutely false and in fact, the FBI uses handwriting analysis when investigating crimes.

3. CNN uses hearsay from a supposed reporter who says that Ms. Palfrey told him that she would rather die than go to prison despite the fact that there are recordings of her stating that she would definitely not commit suicide so that she could defend herself in court and expose the government.

CNN has not done its job in uncovering the facts in this case. They have only parroted the information provided to them by the authorities.

The Truth About U.S. Healthcare

I just watched a video on YouTube.com of an interview between Wolf Blitzer and Michael Moore concerning Moore's new film "Sicko." Sadly, CNN ran a hit piece by Dr. Sanjay Gupta just before the interview began which infuriated Moore and rightly so. CNN owes Moore an apology. The piece by Gupta claims to check Sicko's facts but gets its own facts incorrect. You can see the entire interview and the real facts here on Moore's site. I have gone through each point that Moore makes about Gupta's attacks, and Moore's facts check out. The real fact is that the message brought to us in "Sicko" is real. It's about real Americans facing real failures by our healthcare system. I urge everyone to see it. I also urge you to find and support alternative news sources because even those that formerly provided balanced views on the issues are now moving far to the right in support of their sponsors. I am very much enjoying the hammering that some "reporters" and "pundits" are receiving from their guests. Here's another one you might enjoy - Jon Stewart hammering the hosts of CNN's Crossfire.