Joseph Perone of the Newark Star-Ledger interviewed Fox Business Network anchor Alexis Glick about the current economic crisis and touched briefly on whether the financial press was to blame for not warning consumers.
Q: Were some financial journalists too cheerleaderish about the stock market?
A: There were just as many naysayers. Let’s be fair. Regulatory bodies fell down. Executives didn’t understand some of their products. Members of Congress didn’t understand the degree to which we were allowing a credit bubble to occur. We all collectively played some role in it.
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