This article is in two parts. It shows the negative effect a careless, ignorant statement by one of our congressional leaders can have. Have you seen it in your newspaper?
Part 1 of this story from The Weekly Standard relates the story of what was said and how it effected the markets.
Part 2 of this story from The Weekly Standard relates the story of denying the quote and ignoring the damage it caused. Stocks declined 3% that day, but insurance stocks declined 10%. Is the cause of that decline not worth reporting?
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