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OpEdNews Op Eds    H3'ed 8/3/10

Wall Street's Collapse, 3 Years Later

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Message Danny Schechter

Wrote a friend, "Same goes for the financial debacle.Now are being told "everything's fine', as the authorities have thrown trillions at the problem to shore up our insolvent banking system.But it's still all toxic below the surface, under a thin veneer of normalcy."

There has still not been a real hard-hitting public investigation of the forces behind this meltdown like the one led by the Pecora Commission during the New Deal. What we have had is more like an academic inquiry than a Watergate-style set of hearings.

The media largely narrows the issues and looks away distracting us with games of celebrity sensation and partisan ping-pong. The public remains angry, but in Paul Krugman's word, "unfocused."

Three years later, in an August like that one, I feel like I am still raving and ranting about the crimes of Wall Street in films, blogs, commentaries and books with few paying attention and even fewer organizing to stop it.

Why is that? Perhaps, it's time to give up.

I guess many still believe that if we close our eyes, it will all go away.
Dream on. I wonder if that phrase "the silence of the lambs" was prophetic?

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.
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