April 17, 2007
Does anyone find it weird that the housing crash was the biggest business story in 2006 (per the AP), and has completely overtaken the MSM and the dinner table for the past six months or so - nearly every day in the USA Today, Financial Times, Arizona Republic, New York Times, etc....
And yet Time magazine has done almost zero housing crash or subprime disaster reporting. And when they do it's a fluff piece or terrible reporting. And not a single cover since their now-hilarious going goo-goo for housing piece.
So what's up? Are they embarrassed? Are they corrupt? Or are they just Bush-like-incompetent? Does Time Warner take so much REIC advertising $$ that they don't want to admit the truth? Does Richard Parsons, Time Warner CEO, have some kind of strange REIC connection?
Something just doesn't make sense. Every issue for the past year should have had an article about the housing bubble / housing crash / REIC meltdown / subprime disaster. And at least four or five covers by now.
So what the hell is going on?
When Time FINALLY puts the housing crash on the cover, any predictions on what it'll say?