Monday, November 28, 2011

The La Stampa blunder

A massive IMF loan? Maybe not.

BBC: The International Monetary Fund (IMF) has denied it is in talks with Italy about a new bailout loan. 
This has to be one of the biggest journalistic blunders in recent years.   Just because the story came from a NY reporter it has to be right?  What happened to the editorial staff?   La Stampa is the largest and most influential newspaper in Italy, founded in 1867.  Selling a few more papers to ruin your credibility makes no sense. Such action deserves a Sober Look Hype Award, but that honor already went to Moody's this week.
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