Quote:
Originally Posted by raisethehammer
nothing hits the media until it's current...they aren't interested in presenting 'news' or 'research'.
they like hysteria and bold, crazy top stories.
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The British media caused the bank and housing crash in the UK as much as the americans did with their subprime mess.
If the media hadn't caused such a huge panic, Northern Rock wouldn't have collapsed. If they hadn't gone on and on about how bad the housing market was, they wouldn't have affected the general consciousness and made people wary about buying properties, thus reducing the sales and forcing house prices down.