Some really good comments here guys. The power of the media is massively underestimated. The grim financial situation that we're in cannot be ignored, but we have to wonder how much of it could have been avoided if the media didn't blow things out of proportion at the first sign of trouble. Take Northern Rock....totally mismanaged and left hanging on the edge.....so, the media come along the next day they have every reporter from here to the moon stood outside a local branch with a camera on a few people withdrawing their money. The day after that there are long queue's of people on the news withdrawing their money....what little working capital the bank had left has now been withdrawn over night and thats them done.
Im not blaming the media entirely for the NR situation, but the attitude and subsequent behaviour of people is often largely influenced by media and sadly it seems that the media are more interested in a good story than the economic welfare of the nation. Very sad.
Isn't it funny how the few strands of good news that exist aren't being reported on. Granted there are very few of them but surely that makes them more newsworthy???