St. Petersburg Times media critic Eric Deggans writes Monday that the coverage of the Occupy Wall Street movement by business journalists shows that they have forgotten how to represent the people instead of big-time business.
“The real problem is that these journalists, who are supposed to be watchdogs themselves of the financial world, seem to have internalized Wall Street’s perspective so much, they’re having a hard time standing apart. This seemed to be one reason why journalists didn’t tumble to the risks of credit default swaps and overleveraged banks until the system came crashing down; if Wall Street culture accepts the practice, then they are swept along.
“I’m hoping, after a week of media bashing that our leading financial journalists take a lesson and try to hold the Street’s culture at arm’s length occasionally. I think their journalism would benefit.”
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