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Wednesday, 05/13/2009 3:57:23 PM

Wednesday, May 13, 2009 3:57:23 PM

Post# of 10087
ARTICLE: Hypocrisy and Conflict of Interest Within the Financial Media 1 minute ago "...Not too long ago we asked a business editor of the Associated Press (Darryl Christian, dchristian@ap.org) why the Associated Press would continue to publish information and 'direction' from firms, analysts, and experts when they had a track record of deliberately misleading investors. (We also noted that a number of recent investor surveys indicated that individual investors gave little to no weight to analyst's recommendations.) His answer: "If the bunk moves markets, then we'll publish the bunk". So these upstanding journalists don't care about right or wrong, good or bad - as long as the bunk can (supposedly) move a market, it's worth printing?..."

"...Reuters recently took journalistic integrity and conflict of interest to a new low. Reuters had an initial investment in a market research firm called Multex. They recently purchased Multex. It had been reported that Multex was failing and required a rescue..."



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