The problem for financial reporters (and consumers) is compounded by the failure of some of the more convenient tropes of business reporting. Many of the financial sectors’ rock stars have turned out to be the biggest fools of all. Even “Wall Street” itself is no longer a synonym for financial wisdom. So when the Street reacts poorly to the latest federal bailout package, should we care about investors’ verdict or simply assume that there weren’t enough goodies to entice their baser instincts?The Media Equation - Financial Journalists Fumble to Cover a Lasting Slump - NYTimes.com
Monday, February 16, 2009
The Media Equation - Financial Journalists Fumble to Cover a Lasting Slump - NYTimes.com
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