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The Enforcers - How Little-Known Trade Reporters Exposed the Keating Five and Advanced Business Journalism (Hardcover)
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The Enforcers - How Little-Known Trade Reporters Exposed the Keating Five and Advanced Business Journalism (Hardcover)
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In the 1980s, real estate developer and banker Charles H. Keating
executed one of the largest savings and loans frauds in United
States history. Keating had long used the courts to muzzle critical
reporting of his business dealings, but aggressive reporting by a
small trade paper called the National Thrift News helped bring down
Keating and offered an inspiring example of business journalism
that speaks truth to power. Rob Wells tells the story through the
work of Stan Strachan, a veteran financial journalist who uncovered
Keating's misdeeds and links to a group of US senators-the Keating
Five-who bullied regulators on his behalf. Editorial decisions at
the National Thrift News angered advertisers and readers, but the
newsroom sold ownership on the idea of investigative reporting as a
commercial opportunity. Examining the National Thrift News's
approach, Wells calls for a new era of business reporting that
can-and must-embrace its potential as a watchdog safeguarding the
interests of the public.
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