I don’t think we’ll see truthful reporting of the many instances of fraud and deceit by corporations unless or until the umbilical cord is cut between corporate cash, and govt, as well as the media. The media most people rely on for news and information is notoriously protective of its corporate owners and advertisers. E.g., the housing bubble; there were many early warnings that rampant mortgage fraud and and an artificially created bubble were going to destroy the economy. But most of the public only knew what real estate shills told them on TV news and ads. If anyone doubts that early warnings were only coming from bloggers, consider this: the FBI warned between 2004 and 2006 that 80% of the rampant mortgage fraud was done by the industry, and the agency said it could severely damage the economy if it was not stopped. The amount of money the agency asked for to combat it was peanuts compared to the $750 billion in bailout money already wasted on crooked CEOs in summer of 2008.

Legal industry lobbying and campaign donations helped set up this meltdown so a few at the top could make billions. These industries already control this country and it has to stop. The question is, how do you make corporate donations of any kind illegal now that it is allowed?

One only has to search sites like followthemoney.org or opensecrets.org to see the millions of legal donations corporate entities make to candidates, if not directly then thru their many PACs and 527 org’s. And then there’s the smear ads these org’s run which are usually full of lies. Making this illegal and making jail time mandatory for violations is about all that I think might end corporate running of America for it’s own greedy purposes. I agree that stopping it from getting even worse is necessary now, but ultimately this is one baby that has to get thrown out w/the bathwater because it is Rosemary’s Baby.