I always thought that investment bankers were overpaid, after all they are humans and make mistakes like every one else. With collapse of Lehman brothers and sale of Merill Lynch, the compensation for bankers will be rationalised in future.
Most of the large media networks worldwide are owned by big business houses. Since they provide most of the news that people read and hear, the common man blindly believes what they say , though the reporting is sometimes incorrect and biased. The media will always promote their own interests and businesses affiliated with them.
Information Clearing House often provides correct information about some of the biggest stories reported (or suppressed) in the mainstream media.