The general media is unable to educate or enlighten the public. The financial media as well.
You can say media is primarily to blame for not explaining what they report as blurbs. They talk about regulation without putting it in laymen’s terms. They do not really explain financial risk.
Risk was never overcome by regulation and the media can more fully explain this, if they tried to find facts out for themselves and report them.
Example: Fannie Mae and Freddie Mac were risky semi-government agencies who were instrumental in our subprime crisis. There was no lack of regulation. But the financial meltdown has resulted in a clamor for even more regulation.
Where are the explanations?
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