Barry Ritholtz answering the question, 
“Why so skeptical?”
Excerpt:
I hear that question way too often. The short answer is that after a few decades on Wall Street, you learn that when a lot of any money is at stake, people quite easily become completely and totally full of bullshit.
This is why I (to quote someone else) “consistently doubt everything, especially government and mainstream media, and asks questions that have readers asking their own questions.”
The most egregious example in recent memory landed on the front page of the Sunday NYT:
Hidden behind that appearance of objectivity, though, is a Pentagon information apparatus that has used those analysts in a campaign to generate favorable news coverage of the administration’s wartime performance, an examination by The New York Times has found…
Go read the full article — but not on a full stomach . . .”
Source:
Behind Military Analysts, the Pentagon’s Hidden Hand
DAVID BARSTOW
NYT, April 20, 2008
