TheStreet.com media critic Marek Fuchs writes Monday that New York Times economics columnist Ben Stein‘s latest column is devoid of any facts to back up his assertions that traders and journalists are to blame for the subprime collapse.
“I have seen a lot of bad business journalism in my day, but nothing as irresponsible and so wholly unsupported by facts. Actually, by even a single fact. This is his last line:
“‘And one thing’s for sure: With the traders running things, it won’t be a good time for amateurs until the traders cry ‘Switch!’ and the market starts to rise.’
“Read it (if you promise me it’ll be the last of his work you read) and tell me if this effort is any better than the braying on conspiracy Web sites. It was a shameful effort.”
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