Murdoch to turn News Corp into a bank to escape prosecution

[Mikeystyle]

Facing investigations and possible lawsuits on the both sides of the Atlantic, Rupert Murdoch, Chairman and CEO of News Corporation, announced Wednesday he will turn his entire media empire into a bank.

“Instead of people calling me a media mogul, they can now call me a banking mogul,” Murdoch said in an appearance on Fox News, which he also owns. “News Corp will become one of the biggest bank holding companies in the world, a bank that just so happens to do a bit of publishing, makes movies and other things.”

It’s Murdoch’s latest attempt to quiet the uproar over allegations that News Corp employees at the British tabloid News of the World bribed British police and hacked into the voicemails of celebrities, politicians, murder victims and those killed in terrorist attacks. He has already closed News of the World and backed off an attempt to buy British satellite TV provider BskyB.

Murdoch told British members of Parliament on Tuesday that he was an inattentive CEO who had no idea what was going on at his company, so he shouldn’t be held accountable for the actions of his employees.

This new move is an attempt by Murdoch to insulate himself and his underlings from all possible legal problems and to open the door to financial support from the U.S. and British governments.

“Tuesday night it occurred to to me that despite wrecking the global economy, selling investments that were destined to fail and betting against them, not one Wall Street banker has gone to jail,” Murdoch said. “They got billions in taxpayer funds, the clients got ripped off and the CEOs made out like bandits. That’s my kind of a business.”

(continued)

http://www.thechicagodope.com/2011/07/20/rupert-murdoch-to-turn-news-corp-into-a-bank/

[Maraya1969]

1. Is this a joke? And did this guy Doocy really say this below?

“There are a lot of companies that have been hacked into, such as Citigroup and American Express, and News Corp is just like them, except for the fact that our company was the perpetrator,” Doocy said. “If you alter the facts and ignore reality, then News Corp is really the victim here.”

[Mikeystyle]

3. it's truth in satire

Doocy was talking to another Fox bubblehead about the hacking scandal and he questioned whether these other companies received the same kind of attention that News Corp did, while ignoring the fact that the other companies were the victims of hacking whearas News Corp was a perpetrator.

He also said the real news organizations should be focusing on more important things, and his sycophantic segment was followed by Mila Kunis and a boy band.

[Qutzupalotl]

2. Funny.