Barry Ritholtz, who writes the Big Picture blog, has had enough of investment firms complaining about their coverage in the business news media.
“Really? You think the corporate-owned wimpy US press has been too hard on you? Just because you nearly brought down the entire global economy through your recklessness, then took trillions in taxpayer money as a reward for your irresponsibility, then — instantly — returned to business as usual. Somehow, you think everyone should be going easy on you?
“What an ass.
“Whenever I hear some shill defending the indefensible, I try to hunt down where the PR campaign began. The best i could come up with was this piece in industry journal Investment News in April — where a reporter mentioned the PR pushback he was getting from the big wire house shops PR departments.”
Read more here.
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