Why the Business Press Didn't Warn Us
Ten years ago this week, the Wall Street investment firm Lehman Brothers collapsed, setting in motion the financial crisis that devastated the world’s economy. The news coverage reflected a state of abject shock. And yet, many of the warning signs had been there all along — with some reporters claiming that they had, indeed, been pointing them out.
So why the disconnect? Bob speaks with Dean Starkman, author of The Watchdog That Didn’t Bark: The Financial Crisis and the Disappearance of Investigative Journalism, who says that the very nature of business journalism in the lead up to the crisis can offer us some clues about what went wrong — and how it might go less wrong in the future. Listen to the interview here.