The Financial Media

Wells Fargo recently fired 5,000 employees for fraud.  And the financial industry wants less regulations?

Generally, you won't see financial media uncovering business scandals until criminal investigations are well underway, a company or industry is being sued, or our government has taken legal action.  Broadcast media just doesn't investigate business .  But it should.  

On a daily basis, the New York Times and Wall Street Journal write about corporate malfeasance such as fraud and product recalls.  Rarely does this news make the kind of headlines that impact public opinion.  When it does, it's usually too late -- a company has been destroyed, families have lost their savings, , a world's economy is in shambles.  

And the Republicans say business needs less regulation and  markets solve all problems.  Government is the root of all evil.  That's why Republicans have to hold elected office.  To save us from ourselves.

There are stories out there that should matter.  Take a look at any company's annual report.  Every company makes and breaks promises every year.  Do they make money?  They better.  Do they build shareholder value?  They might.  But maybe they're looking for short-term gains at the expense of long-term growth.  How does the public know?  Not from watching the news.