Number of banks on problem list tops 700 - Feb. 23, 2010

More than 700 banks, or nearly one out of every 11, are at risk of going under, according to a government report published Tuesday. Full Story »

Posted by Michael Bugeja

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Michael Bugeja
2.4
by Michael Bugeja - Feb. 25, 2010

This isn't quality journalism; it's a "news story" based on a report provided by the Federal Deposit Insurance Corporation, with the reporter garning a few sources to comment on the report, with a bias toward--are you ready?--banks. The story doesn't state what banks went under. Rather, the FDIC is cited as "never" doing that to prevent a run on those banks. If so, then, why does the FDIC post the list? (See my links.) Bad bank journalism.

Get out of the newsroom, head for a failed bank, and document the scene. Go to the people first and then to the government, generating human interest rather than FDIC public relations.

The names of the banks on the list are never made available to the general public by regulators out of fear that depositors at those institutions may prompt a so-called “run on the bank.”

Hmmm. It’s a public record. See link. Stop listening to government spokespersons.

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Michael's Rating

Overall
2.4

Poor
from 13 answers
Quality
2.3
Facts
3.0
Fairness
3.0
Sourcing
2.0
Style
2.0
Context
2.0
Depth
2.0
Enterprise
1.0
Relevance
3.0
Popularity
3.0
Recommendation
1.0
Credibility
3.0
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