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The EnforcersHow Little-Known Trade Reporters Exposed the Keating Five and Advanced Business Journalism$
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Rob Wells

Print publication date: 2019

Print ISBN-13: 9780252042942

Published to Illinois Scholarship Online: September 2020

DOI: 10.5622/illinois/9780252042942.001.0001

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Media and the Keating Five

Media and the Keating Five

(p.135) 6 Media and the Keating Five
The Enforcers

Rob Wells

University of Illinois Press

This chapter provides a case study and content analysis of how mainstream business journalism failed to report on the Keating Five meeting, a significant event that foreshadowed the failure Lincoln Savings and Loan. National Thrift News coverage is compared to that of the Wall Street Journal, the New York Times, American Banker, and the Associated Press. The study finds how National Thrift News was first to report on the Keating Five meeting even though the story was available to other news organizations. News coverage following the collapse of Lincoln Savings shows a pack journalism mindset.

Keywords:   Business journalism, savings-and-loan crisis, trade press, investigative journalism, financial regulation, content analysis, Stan Strachan, Charles H. Keating Jr., Keating Five, John McCain

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