Details

ISBN-10: 0252084764
ISBN-13: 9780252084768
Publisher: University of Illinois Press
Publish Date: 11/04/2019
Dimensions: 8.90" L, 6.00" W, 0.80" H

The Enforcers: How Little-Known Trade Reporters Exposed the Keating Five and Advanced Business Journalism

Paperback

Price: $27.95

Overview

In the 1980s, real estate developer and banker Charles H. Keating executed one of the largest savings and loans frauds in United States history. Keating had long used the courts to muzzle critical reporting of his business dealings, but aggressive reporting by a small trade paper called the National Thrift News helped bring down Keating and offered an inspiring example of business journalism that speaks truth to power. Rob Wells tells the story through the work of Stan Strachan, a veteran financial journalist who uncovered Keating’s misdeeds and links to a group of US senators–the Keating Five–who bullied regulators on his behalf. Editorial decisions at the National Thrift News angered advertisers and readers, but the newsroom sold ownership on the idea of investigative reporting as a commercial opportunity. Examining the National Thrift News’s approach, Wells calls for a new era of business reporting that can–and must–embrace its potential as a watchdog safeguarding the interests of the public.

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Reviews
"By delving into the role of trade press in the Keating and some other scandals, Wells throws a spotlight on the strengths, shortcomings and blind spots of American journalism. He is rigorous in his reporting and unsparing in both his criticisms and praise. . . . After you read these pages take some time to ponder what Wells reveals and what you can do to improve accountability through journalism as a journalist or a consumer of news and remember that those little trade papers are in many ways bright gems of American journalism."–David Cay Johnston, author of It's Even Worse Than You Think: What the Trump Administration is Doing to America, from the foreword
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Details

ISBN-10: 0252084764
ISBN-13: 9780252084768
Publisher: University of Illinois Press
Publish Date: 11/04/2019
Dimensions: 8.90" L, 6.00" W, 0.80" H
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