some friends I commented that the media should take some responsibility on the kindness of the ads they publish. I said it following the bankruptcy prior to New RUMASA just presented and that, apparently, could endanger some savers who were attracted by advertising in newspapers, radio and television, had acquired the high-interest promissory notes from this company .
The deployment of double pages and spots long term, with Ruiz Mateos family that filled the mainstream media in our country only a year ago was impressive. Even days before reporting their financial problems returned to the fray with a campaign to raise capital for some companies that are now displayed with serious problems of profitability and liquidity.
My friends were saying that as newspapers, radio and television ads inserted and charged in New RUMASA, they did not report that these operations were high risk and potentially could harm economically to thousands of readers and listeners.
also the government acted after the issuance of notices, when it seemed Ruiz Mateos family had captured over one hundred million for their companies. The Ministry of Finance forced the emissions of the notes were controlled by some auditor reporting to the CNMV.
Now, the media reports on the extension RUMASA NEW accounts and on the hypothetical deception in the destination of the funds raised from savers through the inserted advertising. Shortly we will scroll the list of trusted prejudiced happened to AFINSA and others ...
Well, I think the press has no responsibility to give publicity to a financial transaction that was clearly legal and that the government could not or did not know, opposed to last a while. Some day yes They warned of the danger of investing in promissory notes with returns of 8% and 10%, other, checking the archive aseptically reported on this issue.
The truth is that in times of economic crisis in which cases of financial engineering, bank failures and financial products have been a constant garbage from the beginning such as the New RUMASA become more important than in other circumstances. Governments and now we have known that the IMF also failed to anticipate and even seeing the crisis that we came up, but neither the American media journalists found that MADOFF LEHMAN BROTHERS or could fail. Some of them ate lunch with their managers who tried, and it seems that it managed to influence their information on the goodness of the finances of their institutions.
At the time of Wikileaks information transparency, the fall of dictatorships, to place into question the institutions, employers, priests and politicians most sacred, journalism becomes more strongly than ever.
Journalism can be a warning, a test of the truth, defend citizens against abuses of power and even a necessary reference for people to feel safe being well informed. Only
you must ask reporters to investigate and seek the truth with honesty, but also media companies, they have to provide the means to make its work, including to report freely on the companies that advertise in their midst.
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