4 ms·
Coordination within a bank is expected, yeah: a banker will say whatever is financially advantageous for them, and this is exactly what we all expect. Conspirac
by strken 4y ago
Coordination within a bank is expected, yeah: a banker will say whatever is financially advantageous for them, and this is exactly what we all expect. Conspiracies like "rig the LIBOR index in exchange for day-old sushi" exist and don't surprise anyone too much when they're found out.
Close willing coordination between a whole bank or a whole newspaper is less believable. Small-scale coordination is possible, yeah: PR firms pitching articles, revolving-door hiring, conflicts of interest, bias upstream in academia, or even an editor meeting a banker for golf and squashing a story; these things are all believable. These are not the same as a statement like "the news media is helping shift wealth to the top", or at least they have many caveats.