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For anybody who wants to know who Megan McArdle is: http://shameproject.com/profile/megan-mcardle/ http://shameproject.com/profile/megan-mcardle/ Examples: >
by crdoconnor 13y ago
For anybody who wants to know who Megan McArdle is:
http://shameproject.com/profile/megan-mcardle/ http://shameproject.com/profile/megan-mcardle/
Examples:
>"In August 2007, The Atlantic hired McArdle as a business and economics blogger. Her first post, titled "Dont panic!" [sic], wrongly predicted that the liquidity shock that hit the financial system earlier that month was nothing to worry about: "Having a nasty market contraction does not mean that your economy automatically goes down the tubes.""
>That same month, in September 2008, McArdle transformed her blog at the The Atlantic into a feverish Wall Street crisis-management propaganda outlet. She argued that bankers were largely innocent, blamed government regulators and homeowners for tanking the economy, and mocked news of a criminal investigation into Wall Street crimes, writing, "For what, I have no idea." McArdle also bizarrely claimed that bankers were victims of the real estate bubble, while blaming borrowers for being greedy profiteers
It's not too difficult to see which team she is batting for.
- tsotha 13y agoI don't think I've ever read such a poorly founded hit piece.
- crdoconnor 13y agoWhich facts in the article did you disagree with specifically?
- tsotha 13y agoLook at the snippet you posted and ask yourself if that could possibly by unbiased writing.
- crdoconnor 13y agoSo you're of the opinion that it's invalid because the author has an open agenda, not because it's actually wrong? You don't seem all that concerned about McArdles many biases.
- tsotha 13y agoNo, the author is wrong. Take this, for instance: >She argued that bankers were largely innocent, blamed government regulators and homeowners for tanking the economy, and mocked news of a criminal investigation into Wall Street crimes, writing, "For what, I have no idea." What she's writing there shouldn't be particularly surprising to anyone who actually knows something about the industry (which she does).
- crdoconnor 13y agoThere is nothing wrong with that sentence in the slightest. I could rattle off a list as long as my arm of criminal behavior by Wall Street that went unpunished (and wrecked the economy). What do you think the mortgage settlement was about? Do you think they asked for (and got) blanket indemnity against criminal prosecution from Obama for fun? >What she's writing there shouldn't be particularly surprising to anyone who actually knows something about the industry (which she does). She's a shill for the industry. No different to "insiders" who "know about the content industry" who predict that piracy causes trillions in economic damage.
- tsotha 13y agoOh, rattle away with you "list as long as my arm". But only include behavior that's actually against the law.
- pbreit 13y agoIt's pretty well-researched with all the citations there for anyone to review. What makes you think it's poorly founded?