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Old 09-18-2008, 08:13 PM
 
516 posts, read 1,780,818 times
Reputation: 271

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Quote:
Originally Posted by HappyTexan View Post
If people were informed
You can stop right there. If only people cared enough to BE informed...
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Old 09-18-2008, 09:43 PM
 
Location: Great State of Texas
86,068 posts, read 77,112,874 times
Reputation: 27655
Sorry tony23..what was I thinking !
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Old 09-19-2008, 12:15 PM
 
1,461 posts, read 3,075,414 times
Reputation: 599
Quote:
Originally Posted by HappyTexan View Post
Sorry..if people don't understand what FDIC insurance means and panic and run to take out all their money.how is that the media's fault ? They are showing on camera what these uninformed people are doing.

If you don't like the media..turn off the TV. If people were informed and knew what FDIC insurance meant there would not have been long lines to the bank and the media would have nothing to report.


take for example Wamu. We know they have problems. We know that some of their high risk loans are defaulting...but they are not 100% defaulting. But listen to the media. They make it seem Wamu is failing...that 100% of their loans are in default. They don't mention that Wamu has other profitable business lines and that unlike IndyMac has a fallback plan. But does that stop the media from omitting those facts and reporting that people are panicking and withdrawing all their money when in fact they are not?.


There is reporting the news...then there is sensationalizing media.

I haven't read good news in awhile.
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Old 09-21-2008, 12:51 AM
 
Location: England/Wales
3,531 posts, read 2,286,893 times
Reputation: 1354
Looks like someone benefited pretty nicely from the media here..

Share sharks made £190m profits from HBOS by trading two minutes BEFORE BBC announced Lloyds TSB rescue | Mail Online
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