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ABC Goes Retro – Trots Out 20 Year Old Anti-Wall Street Flicks During Banking Crisis Bailouts
NewsBusters ^ | September 23, 2008 | Jeff Poor

Posted on 09/23/2008 7:15:10 AM PDT by Rufus2007

Coverage of the banking crisis is everywhere. Pundits and politicos claim the instability is threatening the financial markets and the overall economy. However, ABC's Sept. 22 "World News with Charles Gibson" used the crisis to take a swipe at the wealthy.

"In just six months, five major investment banks have now vanished from the landscape, ending an era of aggressive deal making and spectacular profits," Stark said. "These masters of the universe immortalized by Hollywood have been humbled."

The two movie examples Stark used in her report -"The Bonfire of the Vanities" from 1990 and "Wall Street" from 1987 - portrayed businessmen as greedy and immoral.

..more (w/video)..

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: banking; banks; chucklestheclown; classwarfare; financialcrisis; hollywood; wallstreet
They just couldn't report on this without invoking some populist class warfare angle to make anyone who is wealthy look like a crook.
1 posted on 09/23/2008 7:15:11 AM PDT by Rufus2007
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To: Rufus2007

I saw CNN advertising for viewers with any pictures of gas lines so they can promote their great depression theme. They showed one, but did not identify where it was at. Probably from the hurricane evacuation in all likelihood.


2 posted on 09/23/2008 7:17:26 AM PDT by Always Right (Obama: more arrogant than Bill Clinton, more naive than Jimmy Carter, and more liberal than LBJ.)
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To: Rufus2007

Maybe they will trot out that 1970’s Fonda-Christopherson classic - “Rollover.”


3 posted on 09/23/2008 7:17:32 AM PDT by Daveinyork
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To: Rufus2007

Karl Marx would be proud of this exposure the evil ones that work hard and earn money....the socialists nightmare. The radical far-left Fifth Column has gone totally nuts....


4 posted on 09/23/2008 7:18:19 AM PDT by EagleUSA
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To: Rufus2007

“Wall Street” was a joke directed by Castro admirer Oliver Stone.


5 posted on 09/23/2008 7:19:19 AM PDT by popdonnelly (I'll tell you a little secret: we're smarter and more competent than the Left.)
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To: Rufus2007

What, no “Huddsucker Proxy”?

Wall Street was a great film, and Bud Fox was a wussy...LOL


6 posted on 09/23/2008 7:19:28 AM PDT by padre35 (Sarah Palin is the one we've been waiting for..Rom 10.10..)
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To: padre35

Gas lines will kill Democrats.


7 posted on 09/23/2008 7:21:51 AM PDT by scooby321 (Cai)
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To: popdonnelly

I liked that film, to me it showed what it takes to be a “come from nothing” Wall Street mover and shaker, Gekko went to far but then again, that was the era of Boesky and Miliken, they started out great out of the gate then stumbled as well.

“I just made a million in Hong Kong Gold”

One of my favorite lines from the film.


8 posted on 09/23/2008 7:24:39 AM PDT by padre35 (Sarah Palin is the one we've been waiting for..Rom 10.10..)
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To: Daveinyork
Maybe they will trot out that 1970’s Fonda-Christopherson classic - “Rollover.”

Pretty good flick, in my opinion.

9 posted on 09/23/2008 7:26:24 AM PDT by Glenn (Free Venezuela!)
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To: Rufus2007

Who the heck is “Stark” ?


10 posted on 09/23/2008 7:27:10 AM PDT by Timocrat
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To: Timocrat

Full name: Stark Raving Mad...


11 posted on 09/23/2008 7:29:28 AM PDT by null and void (0bama: Why are you in the PUMA cage? Biden: I'm not in the PUMA cage, you are. 0bama; AAHH)
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To: Rufus2007
Pat Buchanan - the economic guru of idiots who know nothing about economics - used Oliver Stone's Wall Street as the main touchstone for his latest article on the financial crisis, as well.

Weak minds think alike, apparently.

12 posted on 09/23/2008 7:34:50 AM PDT by wideawake (Why is it that those who like to be called Constitutionalists know the least about the Constitution?)
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To: Rufus2007

I actually thought better of Charlie Gibson, but after recent events I saw I was very, very wrong.

Shame on me!


13 posted on 09/23/2008 7:38:41 AM PDT by cvq3842
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To: Rufus2007
ABC is doing its best impression of Leni Riefenstahl...


14 posted on 09/23/2008 7:39:02 AM PDT by Sgt_Schultze
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To: Rufus2007
"Greed...is good."


15 posted on 09/23/2008 7:42:11 AM PDT by thefactor (yes, as a matter of fact i DID only read the excerpt.)
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To: Rufus2007
However, ABC's Sept. 22 "World News with Charles Gibson" used the crisis to take a swipe at the wealthy.
lies, all lies. The wealthy had nothing to do with this financial catastrophe. This was entirely caused by the poor and middle class and they should be punished severely.

/sarc

16 posted on 09/23/2008 8:37:05 AM PDT by 21stCenturyFreeThinker
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