they just want to sell newspapers and get people tuning in, they dont understand economics. they want car crash tv.
discuss|||It's The Daily Mail and it's cohorts, praying for any disaster that may embarrass Gordon Brown. They and it's readers are really enjoying themselves, having a good snigger.|||You kidding me . . . Media hasn't covered half of it. So you want them to provide you a fairy tale? You know what happened in the markets today? Believe me media still haven't provided the full picture, you see leaders around the world dying for a mere nickel.
That inflammatory language is half of reality. Economists and experts had been warning about it for couple of years now, and warnings were becoming louder and louder past few months. Media was suppose to do this months ago and it was suppose to be dealt with at least a year ago. The problem is real, no delusions about it.|||The media either adds fuel to the fire or puts a cover over the story.
The following site ( http://www.a2dvoices.com/realitycheck/co鈥?/a> )contains a great credit crisis time line of the events leading to the housing bubble and credit crunch.
It appears that our elected government created the current economic problem inorder to subsidize housing.
The story would not exist without help from congress.|||My thinking is that we live in a free market society.
Let the companies that suck crash and burn and go out of business.
Other smaller companies will buy up the leftovers.
No $700billion bailout
Credit crisis averted.
I agree that this was blown up by politicians and the media to make a story for the republicans to come in and save the day. I think it got away from them and now they are scrambling to prevent a bigger problem. |||I think you are wrong. The credit crisis is very bad and will get worse. We have all become too greedy and the financial institutions have thrown money at too many weak customers who at the best of times would have been potential bad debts. The Government has stirred up this financial turmoil to enable them to rake in tax income from the sales that ensued. The media has merely opened our eyes to the problem.|||They are definitely partially to blame for its continuance. When tv or radio channel you turn on tells you the world is over! Everyones going to lose every thing. We are heading toward another great depression! People freak out and get scared and go out and sell all there investments, which keep the market heading downward.|||Normally i would agree with you but this time around i,m glad the media are there to expose some of the details.
If a financial institution i invest in is having to go to the govt to be backed up that exposes my funds to risks i should know about.
|||completely agree with you, I think the media hyped up the initial problem with Northern Rock causing a run on the bank and in this country everything has spiralled downwards (fuelled by journalists outdoing each other on doom and gloom projections).|||I blame greedy bank executives for creating the credit crisis. I am grateful to the media for accurately reporting it|||basically. Who cares about these fu***ng credit places that were dumb and gave bad loans in the first place? When unemployment goes up to 25% like in the 1930s, then I will worry.|||Me too, it's like they're talking us into a irreversible situation.|||You may be right.|||sarah palin is a fri**en dumb a*s
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