Duff McDonald, a contributing writer at New York and Conde Nast Portfolio, writes Wednesday for Slate that when it comes to doling out blame for the current economic crisis, business journalists should be way down on the list.
“I wish anybody the best of luck in prying that kind of information out of any public company that is not required to report it in detail. What’s more, every time something like this (e.g., dot-com bust, the collapse of Long-Term Capital Management, the credit debacle) has happened, there have been plenty of instances in which people did write penetrating and challenging stories on the potential problems of the day.
“Take Jesse, for God’s sake. Everyone knows that the man is actually incapable of an article consisting only of praise — he’s been Portfolio‘s chief alarm-raiser since Day 1.”
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