An economist weighs in on MSM's willful misreading of Sanders interview in NY Daily News.

[bjo59]

Bernie's Media Critics and Hillary Clinton Are Wrong: He Knows Exactly How to Break Up The Biggest Banks
Let’s dispel once and for all with this fiction.
By Mike Konczal / Roosevelt Institute April 6, 2016

Bernie Sanders gave some fairly normal answers on financial reform to the New York Daily News editorial board. Someone sent it to me, and as I read it I thought “yes, these are answers I’d expect for how Sanders approaches financial reform.”

You wouldn’t know that from the coverage of it, which has argued that the answers were an embarrassing failure. Caitlin Cruz at TPM argues that Sanders “struggles to explain how he would break up the banks” and that’s relatively kind. Chris Cillizza says it was “pretty close to a disaster” and David Graham says the answers on his core financial focus is “tentative, unprepared, or unaware.” Tina Nguyen at Vanity Fair writes that Sanders “admits he isn’t sure how to break up the big banks.”

This is not correct. Sanders has a clear path on how he wants to break up the banks which he described. Breaking up the banks doesn’t require, or even benefit from, describing the specifics on how the banks would end up, neither for his plans or the baby steps Dodd-Frank has already taken...

http://www.alternet.org/election-2016/bernies-media-critics-and-hillary-clinton-are-wrong-he-knows-exactly-how-break-biggest

I doubt anyone who is loving the MSM's lazy misrepresentation of what Sanders said in the NY Daily News interview will bother to click the link and read the article but, if you're interested, it's a worthwhile read. Mike Konczal's blog, Rortybomb, was named one of the 25 best financial blogs by Time Magazine. (I don't know how to do the "snip" thing - everything above the link is from the beginning of the article.)

[pat_k]

1. Also...

Why Bernie Sanders knows more about big banks than his critics are saying
By Max Ehrenfreund
Washington Post?
April 7 at 1:50 PM

https://www.washingtonpost.com/news/wonk/wp/2016/04/07/bernie-sanders-has-a-plan-to-break-up-the-big-banks/

-------------------

Yes, Bernie Sanders Knows Something About Breaking Up Banks
By Peter Eavis
New York Times
APRIL 5, 2016

http://www.nytimes.com/2016/04/07/upshot/yes-bernie-sanders-knows-something-about-breaking-up-banks.html

[bjo59]

4. Thanks so much for the additional links.

[Uncle Joe]

2. Kicked and recommended.

Thanks for the thread, bjo59.

[bjo59]

3. You're welcome, Uncle Joe!

[Waiting For Everyman]

5. That's the definitive article on this.

At the end, about the author:

"Mike Konczal is a Fellow with the Roosevelt Institute, where he works on financial reform, unemployment, inequality, and a progressive vision of the economy. His blog, Rortybomb, was named one of the 25 Best Financial Blogs by Time magazine. Follow him on Twitter @rortybomb."

Turns out, Bernie's answer was not inept in any way, but as the author said, pretty much what he would have expected Bernie to say... a good answer in his opinion. That is from obviously an expert on the subject.

A good find, and enlightening. Thanks, bjo59.

[rgbecker]

6. K&R

[pdsimdars]

7. All these things do is point out how corrupt our media is

They no longer deliver new, but propaganda.
Oh and who was that who signed the bill into law that allowed all this to happen?
That would be BILL CLINTON (again).

[pdsimdars]

8. This appears to be a pattern. . . . with every one of these hit pieces

you simply have to wait a day or two, and truth comes out.

Gee, it doesn't take a psychic to figure out why Hillary's "trustrworthiness" is lower than ANY OTHER CANDIDATE except Donald Trump. Because she LIES all the time.

[BernieforPres2016]

9. I read the NY Daily News transcript before the campaign about it started

It was an interview of rapid fire hostile questions on a wide variety of topics and I thought Bernie did well. We are in an era now where most of the mainstream press is basically the equivalent of Pravda in the old Soviet Union. It is clear that the NY Daily News piece was part of a setup by the Clinton campaign that also included CNN and MSNBC. It was not only the part of the interview about breaking up the banks that they all jumped on, but the Sandy Hook comments (where Bernie repeated exactly what he had already said in a debate) that the NY Daily News turned into that disgraceful cover. Hillary jumped in with her tweet saying Bernie should apologize to the parents of the shooting victims at Sandy Hook. MSNBC and CNN had Hillary on Wednesday and didn't even mention the Wisconsin primary or her "disqualify" strategy. They just asked questions that played into it: "Is Bernie qualified to be President?" "Does he really have a plan for breaking up the big banks?"

I knew who the Clintons were and have not been surprised to see them take the campaign into the gutter. But as bad as I knew the corporate media has become, this obvious coordination with the Clinton campaign has been appalling.