POST HAS WATERGATE SCANDAL OF ITS OWN
By Cliff Kincaid
August 13, 2010
President Obama’s Big Government socialism is threatening the profits of The Washington Post, and Post reporter Steven Pearlstein can remain silent no more.
Not only does a Post company now stand accused of fraudulent practices, two high-powered law firms are considering lawsuits on behalf of the shareholders of the Post against the company’s directors, including Warren Buffett and Bill Gates’ wife Melinda.
The company, Kaplan, is part of The Washington Post Company and “has provided the handsome profits that have helped to cover this newspaper’s operating losses,” admits Pearlstein in an extraordinary August 11 column. “Although we in the Post newsroom have nothing to do with Kaplan, we’ve all benefited from its financial success.”
Please understand that Kaplan is facing the threat of tough new federal regulations from the Obama Administration.
Isn’t it interesting how profits are now being defended when they benefit liberal journalists?