Wednesday, November 28, 2007

The "Walter Mitty" Biz Channel

For those who rely on Fox for fantasy news on all things political, now you have them as a source for your fake business news. The channel is a little over a month old and yet it already has been caught churning out the fiction (two examples here and here).

It's bad enough to have your political opinions shaped by the fabricated BS of Fox, but it's quite another to "shape" your 401k and other investments based on their questionable-at-best business reporting.

Also, if companies get caught fabricating numbers or misleading investors, they can get sued. How would it go in this case?

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