This is a big enough deal to be blogged, I think. From NPR’s Planet Money Podcast blog:
Hey, we broke a story. A big one. Planet Money readers and listeners read and heard last Friday (and on This American Life over the weekend) that the bailout bill allows the Treasury Department not only to buy toxic assets but to also take ownership of US banks. Time Magazine is taking credit for breaking that story–which they didn’t get to until yesterday. After Treasury Secretary Henry Paulson publicly admitted it.
The New York Times followed them.
For us reporters, breaking a story is a big deal. We get all proud of ourselves. And to break a big story in a blog and podcast, just a few weeks after starting, that feels like a really, really big deal.
This podcast is now one of my favourites. Smart, relevant, no fluff, and loaded to the rails with integrity.
{ 3 comments… read them below or add one }
So I’m the Time magazine guy purportedly taking credit for breaking this story which I only got to yesterday. I’m really not trying to take credit for anything, and I think you guys are the best, but I did start writing in my blog about the fact that the bailout legislation allowed for this when it was first released, on Sept. 28:
http://time-blog.com/curious_capitalist/2008/09/whats_in_that_big_bailout_bill.html
Oops, I actually meant to leave that comment on the Planet Money Podcast blog. I deserve all the castigation I get.
I also really enjoy this podcast. They’re giving a lot more value to my iPod, that’s for sure!