Perhaps I misread this, but if I didn’t misread, notice how the actual obstacle — capital and liquidity requirements — is not spelled out until the 13th paragraph in a 14 paragraph article.

We read a lot about ‘horse race’ journalism in the political campaign arena… but the problem extends to other areas. Here is one instance. The horse race here is ‘will a deal get done?’. So, much is made of ‘big obstacle’ from a horse race point of view. Yet, those of us reading remain in the dark about why the regulator might take a stance until the very end of the article — and only then if we actually read to the end.

This is shoddy journalism.

Nice link for pod cast:

‘There’s still a sense of denial about the extent of the problem’
George Soros and Gordon Brown say worse financial trouble still to come
January 25, 2008 12:45 PM
Economics Editor Larry Elliott reports on how the World Economic Summit in Davos is viewing the rogue trader and the stockmarket turmoil [4min 10sec]

http://blogs.guardian.co.uk/podcasts/2008/01/economics_editor_larry_elliott.html