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> yellow journalism > It's only a loss if... I always thought one the fundaments of "yellow journalism" was that it had no basis in fact. Exaggeration alone
by akira2501 4y ago
> yellow journalism
> It's only a loss if...
I always thought one the fundaments of "yellow journalism" was that it had no basis in fact. Exaggeration alone doesn't seem enough to earn the association, I think.
> unless the owner is depending on liquidating them at par value at any time.
Well.. exactly. Shouldn't we have an accounting mechanism that actually accounts for this eventuality? In particular because this is a bank, it doesn't seem isolated, interest rates have changed significantly recently, and the NYSE halts list today appears pretty foreboding to an outsider.
- pas 4y agomark-to-market accounting. but that usually overestimates in up cycles and underestimates in down cycles. so the solution was/is Basel III, capital requirements, leverage ratios, and actual stress tests.
- Retric 4y ago> no basis in fact Close, yellow journalism is about eye catching headlines with ”little or no legitimate, well-researched news.” It wasn’t that they need to make stuff up, they just ran with whatever would capture people’s attention even if the source was dubious or the interpretation superficial. Aka “Techniques may include exaggerations of news events, scandal-mongering, or sensationalism.” https://en.wikipedia.org/wiki/Yellow_journalism https://en.wikipedia.org/wiki/Yellow_journalism