According to the NY Times, Credit Suisse announced an $885m settlement with the US Federal Housing Finance Agency for selling “questionable” loans to Fannie Mae and Freddie Mac. No one pays $885m for “questionable loans” they pay $885m for deception and illegal loan sales, for selling an unsafe product they knew or thought would fail without disclosing the true risk. It’s understandable that they would word it help improve their image. Considering the NY Times carried their language without properly adjusting it to appropriately describe the settlement is an unfortunate day
If big media companies would stand up and use appropriate language to describe corporate wrongdoing instead of hitting Copy and Paste perhaps America would be a better place and corporations would be better held accountable for their wrongdoing.