The media exaggerate today with high-tech distribution of news, as they did when they sold only newspapers in what we still refer to as the days of “yellow journalism.”
That’s not just when it comes to politics. It 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 in the financial media, as it does elsewhere.
Investigators believe the total sum involved was actually closer to $17 Billion. The sensationalist media continues to pick up the $65 billion number because it suits their exaggeration needs. ( See the Earl J Weinreb NewsHole® comments.)
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