14 October 2008

Talk about burying the lead...

The Washington Post has this bombshell of an article on their website. The headline reads "U.S. Forces Nine Major Banks To Accept Partial Nationalization," which is pretty amazing. Here's the first paragraph:

The U.S. government is dramatically escalating its response to the financial crisis by planning to invest $250 billion in the country's banks, forcing nine of the largest to accept a Treasury stake in what amounts to a partial nationalization.

Throughout the rest of the article, which spans three pages on the web, you might think you'd find out which banks are being "partially nationalized." But you'd be wrong.

What kind of hack reporting is this?

Note: not liberal or conservative reporting...just plain bad reporting.

No comments: