Media Exaggeration

The media love to exaggerate, and that includes members of the financial fraternity.

One example: When Bernard Madoff said he made off with $65 billion and was subsequently convicted of fraud, his case pointed out a problem that prevails in the financial media, as it does elsewhere.

Investigators now believe the total sum involved was actually closer to about $12 Billion. The sensationalist media continues to pick up the $65 billion number because it suits their purpose.

Or they are just Ignorant, or merely lazy?