Connections like this help explain why Geithner's tax problems won't become a scandal or even much of a controversy for major elements of the media. But GE's media properties, including NBC News, MSNBC, and CNBC, won't be alone in trying to put this scandal to rest.
Another member of the board of the New York Fed is Lee C. Bollinger, the president of Columbia University, who serves on the board of the Washington Post Company. This is the media conglomerate whose media properties include the Washington Post newspaper, Newsweek, and Slate.
From the point of view of the major media, it's better to remain on the good side of Geithner as well as Obama. That is why Geithner's tax problems have to be whitewashed and senators of both parties have to be provided with an excuse to confirm him.
Sunday, January 18, 2009
Why Are the Media Protecting Geithner?