Media tactics cross the line
The blood-sucking tactics of the media regarding the aftermath of the IndyMac Bank collapse have gone too far. For many years I myself have aspired to be a successful journalist, but the inflated hype over Downey Savings & Loan’s financial situation has caused me to rethink this career choice. (“Mortgage woes hit Downey Savings & Loan,” July 24.)
In the wake of IndyMac’s seizure by the FDIC, I have read story after story hinting at or outright stating that Downey Savings will be the next to fall. I find this despicable. Attempting to predict the future in this way is a self-fulfilling prophecy.