Where Were the Media as Wall Street Imploded?
There are plenty of people to share the blame for the collapse of the nation's financial system.... But what about the self-described watchdogs in the media? Full Story »
Posted by Dan KennedyReview
A lukewarm explanation at best of why the press missed the market collapse and reported in reality so little. The writer provides a smattering of quotes and comments going back years, not a lot of work went into answering the article's headline question. In the end the writer admits more or less the press failed.
The press never carried the ball on this topic in any meaningful way. Everyone was making money, the poor and unqualified buyers were getting mortgages living the American dream and banks were making fees and insurers were protecting the loans..(AIG)..When both sides of the aisle are getting what they want, no one has motivation to spoil the fun.