The Money Mythbuster

Busting myths about money and how it works for three decades.

Sunday, 28 September 2008 17:40

How Magazines Led Investors Toward Ruin

In 2008, Fortune Magazine rated AIG one of its 10 top stocks. Today? AIG is a ward of the state and its stock has fallen over 90%. In April of the same year, Forbes magazine declared "Merrill in is in fine shape." By September, Merrill was in such bad shape, it had to sell out to Bank of America. In April, Business Week declared "Don't be wary of Lehman." Today, it's gone. Read here about how the media got it ALL wrong.

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