‘There’s nothing unique about Jim Cramer’

Glenn Greenwald argues that leading journalists are sometimes proud of their willingness to pass along information without digging to see if the information is true.

And now that they’re being called upon to explain why they did this, their excuse is: Well, we were lied to. What could we have done? And the obvious answer, which Jon Stewart repeatedly expressed, is that people who claim to be “reporters” are obligated not only to provide a forum for powerful people to make claims, but also to then investigate those claims and then to inform the public if the claims are true. That’s about as basic as it gets.

But the Jim Cramer-like journalistic behavior during that period that was so widespread and did so much damage is behavior that our press corps, to this day, believes is proper and justified.

(Emphasis as source.)

written by Jordan Cole 14 March, 02009 Comments