Today established another low point in the long decline of the American news media (television primarily). With all the events in the world to cover, a small sampling of which includes Egypt, new Israeli settlements, criminal investigations into Wall Street, Republicans threatening to derail the economy over healthcare and new NASA data that shows the US running out of water, what do they spend precious resources and time reporting? I’ll let CNN provide the headline:
I feel bad for this woman’s family, however her death in no way merits the attention it is getting. In this reality television obsessed culture, the media just couldn’t keep its pants on.
Meanwhile television news isn’t spending every waking moment on this story, as explained by Salon yesterday:
A newly unsealed lawsuit, which banks settled in 2012 for $95 million, actually offers a different reason, providing a key answer to one of the persistent riddles of the financial crisis and its aftermath. The lawsuit states that banks resorted to fake documents because they could not legally establish true ownership of the loans when trying to foreclose.