Slick banking PR ‘smokescreened’ financial crisis

Any wonder journos are so sceptical of PRs??
Over in the UK, a seminar entitled “Why Did Nobody See It Coming?” has concluded that slick financial PRs helped obfuscate the truth, while the media struggled to accurately report the nature and scale of global financial problems. A few choice quotes from the assembled luminaries included: 

The press has found itself up against an unnerving banking PR machine – whose job it is to dissemble, lie if you like, to put you off the track.”

”…we came up against the financially powerful City PR lobby, with considerably more resources...”


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3 Responses to Slick banking PR ‘smokescreened’ financial crisis

  1. Ben Haslem says:

    Thanks for pointing to this.

  2. Joss Debreceny says:

    The argument that it’s PR to blame does, however, make journalism seem rather a passive player.

    While PR would have played a role, Brummer says his paper’s “obsession” with the house price crash meant other aspects of the impending crisis were less prominent.

    That seems an editorial, rather than PR influenced decision.

  3. Gerry says:

    Surely, Joss, you ain’t suggesting that standards in investigative and editorial journalism are slipping – passive is kind, inept/toothless more cruel. Isn’t all editorial nowadays, – with resource-poor newsrooms, PR influenced tho. G

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