Tuesday, February 24, 2009

Where was the press?

Very interesting article in Mother Jones about how reporters failed the public in the current financial crisis. And summed it up as follows:

Who will blow the whistle on the next disaster in the making? Where's the next subprime mess? Barring a major reordering of resources and priorities, don't count on the business media to find out. "The press were kind of prisoners of respectability," Hudson says. "With exceptions, they really want official sources; they want official approval; they don't want to be too out front. They do a good job after the fact, but not beforehand, when it counts."

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