Kurtz, Howard. The Fortune Tellers: Inside Wall Street's Game of Money, Media, and Manipulation. New York: The Free Press, 2000. 326 pages.

During the stock market bubble of the 1990s, a slew of financial reporters, commentators, prognosticators, analysts, news anchors, and pundits emerged. Many got rich -- some from illegal insider trading, some from slightly advanced information, and some from telling the public to do one thing with their money, while they were doing something different with their own. Most simply got rich off of the conflict-of-interest culture itself, pumping this and that high-tech or Internet stock, and cashing in when no one was watching.

Looking back after the crash, it's clear that the high-flying culture itself was unethical. If you could make lots of money by brainwashing poor people into buying more lottery tickets, would you do it? That's what the go-go nineties were all about, whether it was the hot shots behind CNBC's "Squawk Box" and CNN's "Moneyline," Internet start-ups like TheStreet.com, or even stalwarts such as Business Week and The Wall Street Journal. As a media critic, author Howard Kurtz is mainly upset that the hot shots were making the news as often as reporting it. But there is also a deeper corruption here that became apparent two years later, as Enron and other corporations went belly-up. That's a book someone else will have to write.
ISBN 0-684-86879-2

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