Wednesday 23 April 2008

Different Points of view

It is very interest how one case can be noticed in many different ways. The Societe Generale crisis is a great example. In Europe, most of the papers were surprised and tried to understand what really happened in the Bank. The news papers brought articles and reporters telling about how the fraud occurred, who were evolved on it and what is going to be the consequences for the Europe as a hole.
In South America, the news paper just brought a short brief about the case even in important financials news papers like “ O Valor”. Most of the media and its readers were worried about what was going to be affected with the bank crisis and not in how come this happened. In many papers you could see news about the relation between the bank and the stock’s prices, but it was difficult to find deep information about the situation in Societe Generale.
Maybe the most interest case was in U.S.. Although they brought many news about the crisis and how did it happen, the American’s news paper were really interest in compare the European crisis with the problems that american’s economy were facing in that time.
This just prove that if you really want to know a fact, you should look in many sources as possible, because each source has one specific interest and different point of view.

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