Financial crises and the failure of media

 

The media have a longer list of sins and failure in financial crises. Time and again

they play their awful part, either being complicit in what turns to be disastrous

and / or making matters worse as cheerleaders in a crisis for whom bad news

are good news. Thank God some kind of media crisis in underway anyhow so

maybe one day they will also face the music for those expensive sins.