Number of banks on problem list tops 700 - Feb. 23, 2010
More than 700 banks, or nearly one out of every 11, are at risk of going under, according to a government report published Tuesday. Full Story »
Posted by Michael BugejaMore than 700 banks, or nearly one out of every 11, are at risk of going under, according to a government report published Tuesday. Full Story »
Posted by Michael BugejaSuperficial journalism about a recent government report on troubled banks facing failures this year. This story is largely based on a single source, with no independent viewpoints and little context to help understand this complex issue. In the accompanying video interview with FDIC Chairman Sheila Bair, CNN reporter Poppy Harlow doesn't ask many tough questions, essentially promoting the government's position without any other perspectives.