Former Wall Street Journal and new Washington Post editor Marcus Brauchli disagrees, according to a report in Editor & Publisher. Note that Brauchli points out the work of newspapers, not broadcast programs, which were mostly blamed for both hyping financial issues and demanding the federal government immediately remedy them.
“There was a lot of coverage over many yeas about the underlying problems in the financial system and the economy,” he told E&P. “If you go back and look at the big American newspapers, you will see it, going back to 1996 when Alan Greenspan coined the phrase ‘irrational exuberance.’”
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