Wall Street Journal Caught Scrubbing Articles

The WSJ was recently caught scrubbing its articles of economically negative commentary.

You can read an example of this on Market Ticker.  The example is a letter written by True Finns leader Timo Soini titled “Why I Won’t Support More Bailouts”

Some of the choice lines that were scrubbed from the WSJ version:

The official wisdom is that Greece, Ireland and Portugal have been hit by a liquidity crisis, so they needed a momentary infusion of capital, after which everything would return to normal. But this official version is a lie, one that takes the ordinary people of Europe for idiots. They deserve better from politics and their leaders.

And so, unpurged, the gangrene spreads. The Spanish property sector is much bigger and more uncharted than that of Ireland. It is not just the cajas that are in trouble. There are major Spanish banks where what lies beneath the surface of the balance sheet may be a zombie, just as happened in Ireland for a while. The clock is ticking, and the problem is not going away.

For real market news that isn’t scrubbed for political correctness, read Zero Hedge.