Wednesday, 18 July 2012
Friday, 13 July 2012
Let's say you're a financial journalist at one of the most important media outlets in America, and you get word that an interest rate that affects borrowing costs throughout the economy is set by self-report from some of the world's biggest banks; banks that could be damaged if they tell the truth when setting this rate.
Do you: a) leap into action and write lots of stories about it, or b) wait 10 or 15 year, hoping for the best, until someone from inside the banks spills the beans and forces you to write something?
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