JP Morgan Isn’t Really Similar to Nazis, Bloomberg News Report Finds
A Bloomberg News article that compared a bank deal gone sour to the Nazis destruction of an Italian town during World War II went “too far,” according to a recent review of the incident.
JPMorgan has voiced their displeasure over a 2011 article by the media conglomerate that compared skyrocketing interest rates in Cassino, Italy, to the Nazi occupation of the town, where 75,000 were killed in battle.
Clark Hoyt, an editor-at-large at Bloomberg News, conducted a review on the relationship between Bloomberg’s news and commercial operations, according to the New York Times.
“To suggest that a bond deal gone sour, curtailing daycare for 60 children and services for the poor, is comparable to the terror and cataclysm of war is inconsistent with BN’s high standards,” Hoyt said.
The report also recommended that Bloomberg hire an employee to handle similar future complaints and a newsroom standards editor.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning journalism this Passover.
In this age of misinformation, our work is needed like never before. We report on the news that matters most to American Jews, driven by truth, not ideology.
At a time when newsrooms are closing or cutting back, the Forward has removed its paywall. That means for the first time in our 126-year history, Forward journalism is free to everyone, everywhere. With an ongoing war, rising antisemitism, and a flood of disinformation that may affect the upcoming election, we believe that free and open access to Jewish journalism is imperative.
Readers like you make it all possible. Right now, we’re in the middle of our Passover Pledge Drive and we still need 300 people to step up and make a gift to sustain our trustworthy, independent journalism.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
Only 300 more gifts needed by April 30