Financial journalism the failing watchdog
It has been long since established that the press have a responsibility to the public good, one such responsibility is to act as the fourth state, a watchdog over those with position and power. But when England hit financial crisis in 2008 the financial press were quick to report something they had failed to predict. Surely with their position to oversee the comings and goings of the financial world they should have foreseen what was about to unfold in their capacity as a watchdog, but they did not.