RepoWatch: Reporters made mistake of letting ‘experts’ frame the crisis story

Don’t let businesses and politicians frame the story for you, cautioned Don Barlett and Jim Steele, America’s most famous investigative reporting duo, at the annual meeting of the Society of American Business Editors and Writers in Dallas April 7-9.

Sadly, I’m afraid that is what happened to the financial crisis of 2007-2008. We business reporters let banks and regulators frame the story.

That’s how the crisis became a story about mortgages.

It should have been a story about repos, securitized banking and systemic risk.

Mary Fricker
Editor, RepoWatch


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