Friday, March 13, 2009

Failings of financial journalism

Last night Jon Stewart had on his show Jim Cramer of the CNBC show Mad Money. It was not the usual Stewartian goofing; Jon really laced into Cramer for failure to warn the public of the brewing mess in the financial world. Cramer was contrite. The Newspaper Death Watch site has a couple good links today on the same topic:
The business media is in self-flagellation mode and with good reason. Editors are beginning to pick up the pieces and wonder how they managed to miss the biggest economic story of the last 50 years. Liberal commentators are having a field day.

Read it all here. A couple of good links to articles exploring the inadequacies of the press as to the extent of the mess before it finally blew up in all our faces.

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