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Tuesday, October 20, 2009

Reuters : Our Stories Can "Move Markets"

The Reuters news agency fell for a hoax press release about US climate change legislation, you can read the full story by Greg Sergant here, but this quote from a Reuters spokesperson is very interesting :

“Reuters has an obligation to its clients to publish news and information that could move financial markets, and this story had the potential to do that,” (said) Reuters spokesperson Courtney Dolan.

Must have been why they were so quiet about the sub-prime fiasco and the once looming Global Financial Crisis until it was too late.

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