The business news myth that came true

Orange County Register business columnist Jon Lansner writes Sunday about how the Business & Media Institute included reporting about the risks in the housing market among its “myths” in business coverage the past three years, but not this year.

Lansner writes, “I laugh that some media critics now want to know how business journalists couldn’t have predicted/uncovered/foresaw the financial and economic calamity that we suffer.

“You know, we’re not perfect. Not by a long shot. And I know we could’ve been bolder. And we could have put coverage of the brewing mess into plainer English, so perhaps you would have better understood the risks that were being taken.

“But how can folks — from citizenry to academics to congressional offices — say they were blind-sided by the housing-fed economic disaster when for years various real estate types and their supporters have been complaining about a deep, negative slant to media coverage of the much-debated ‘housing bubble?'”

Read more here.