People often comment that it is terrble that I watch Fox News a lot. They think I should watch the alphabet soup networks because they are more "fair and balanced." Well, here is a simple example of why:
Two weeks ago, MF Global Finance declared Chapter 11 bankruptcy. Now MF is a relatively small financial company compared to Goldman Sachs or Citigroup. However, MF represents a $40 Billion set of mistakes by Jon Corzine and his management staff, and the 11th biggest U.S. bankruptcy. And worse, the auditors can't find about $600 Million worth of deposits. Two lawsuits filed so far.
So back to the big networks. How many stories did they do on MF Global in prime time in the past two weeks?
NBC: 4 stories, morning/evening
CBS: 2 Stories, morning/evening
ABC: 0 stories evening, 1 morning mention
And Fox? Almost every day.
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