In order to make a killing in finance, it is necessary to prove you are already rich. Unless you are an accredited investor, the choicest private placements and other schemes are closed to you. Likewise, according to Murphy’s law, in order to qualify for a loan, you must first prove that you do not need one. Only accredited borrowers can raise funds. This is a clear demonstration of the power of accreditation: you need to have it in life in order to succeed!
Determined to put an end to such injustices, which discriminated against the less affluent, Goldman Sachs decided to do so something for the non-accredited ‘little people’. Around 2006 and 2007, the bank sold many billions of exciting mortgage backed securities (MBS) to charities, housing associations. Aware that such investors were unaccredited and unable to dabble in ‘risky’ bets, accredited rating agency friends of Goldman Sachs arranged for the MBS to be rated AAA. Safe! Later, Goldman Sachs arranged for hard-up countries such as Greece to get the cash they desperately needed so that the country’s dynamic and industrious workforce could flourish again.
Unfortunately, as is often the way when powerful interests are threatened, the financial regulators took a dim view of Goldman Sachs’ benevolence. They had the audacity to claim that MBS bore some responsibility for the global financial crisis, forcing Goldman Sachs to withdraw from that particular market.
Fortunately, for the ‘little people’, we in the accredited media are fully on their side. We stand up to powerful interests and narrow special-interest groups, always seeking to deliver the objective facts and correct opinions that our readers need to know. As the ‘about us’ section states, “The Accredited Times is dedicated to bringing you unapologetic, relevant articles by fearless writers. We report on current affairs, covering any topic from finance and politics to technology and entertainment.”
Our strength lies also in working collegiately with other leading media outlets, such as those listed in the featured image. In this age of fake news and propaganda, it is more important than ever that only accredited journalists and experts get to appear on TV news programs and interviews. Since many of the main news organisations are owned by the same few individuals, this means we do not have to compete with each other. The benefit of this is being able to coordinate with our fellow journalists in the main stream media and agree what narrative will be presented to the public for any given news story. In this way, we ensure that propaganda and lies are never disseminated. We can also ensure that dangerous and irresponsible conspiracy theories (e.g. concerning 9/11) never see the light of day.
Fortunately, the vast majority of the US population seems to like our approach. It is our news broadcasts, our newspapers, and our interviews that get watched. Only a tiny fraction of the adult population bother consulting the ‘alternative media’ and we don’t see this changing any day soon.