British government to investigate role of media in banking crisis

MSNBC is reporting lawmakers in Great Britain will investigate the role of the media in the financial crisis. The formal inquiry will examine if journalists should be gagged when the market is experiencing exceptionally high levels of volatility. 

From the story:

The committee said it would weigh whether financial journalists should exercise greater restraint during periods of market turbulence and whether any kind of reporting restrictions should be applied during such periods. In addition, it said it would investigate whether journalists have sufficient expertise in financial issues and examine the role of financial media in alerting the authorities to issues of public concern. 

Preliminary evidence is scheduled to be presented during a hearing on Feb. 4. Key media figures are expected to attend. 

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