This also highlights the key difference between journalists and the vast majority of bloggers.
Of course, if you read the article, you might notice the following about the source of the story:
Would you believe: the Sunday New York Post, which on September 21 published a story headlined "Almost Armageddon" featuring this paragraph:
According to traders, who spoke on the condition of anonymity, money market funds were inundated with $500 billion in sell orders prior to the opening [on Thursday]. The total money-market capitalization was roughly $4 trillion that morning.
I'm not sure what you're getting at. I wasn't trying to imply that dead tree media is inherently better than online media. (And certainly not the NY Post)
One sentence in a tabloid apparently led to a youtube clip which led to a huge number of blog posts. Until, finally, one blogger took the time to fact check it.
Of course, if you read the article, you might notice the following about the source of the story:
Would you believe: the Sunday New York Post, which on September 21 published a story headlined "Almost Armageddon" featuring this paragraph:
According to traders, who spoke on the condition of anonymity, money market funds were inundated with $500 billion in sell orders prior to the opening [on Thursday]. The total money-market capitalization was roughly $4 trillion that morning.