Crushing the illusion of objectivity

Corporate Crime Reporter has an editorial in the latest issue that slams the Philadelphia Inquirer’s decision to allow a local bank to sponsor a column in the business section.

The editorial stated, “We eagerly await critical reporting from the Inquirer on redlining in Philadelphia.

“On the downside of mergers in the banking industry.

“On enforcement actions brought against the company or its subsidiaries.

“On how big corporations throw around their civic muscle by buying naming rights to a new ballpark. It’s not the Philadelphia Phillies ballpark – it’s Citizens Bank Park.

“On how bank credit card companies rip off consumers with outrageous fees.

“On how bank ATM’s rip off consumers with out-of-network fees.

“We won’t hold our breath.

“But at least we now can say – no more illusions.”

Read more here.