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Media Bias

In: English and Literature

Submitted By ssyang89
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Detecting Media Bias

This news story is about how Wells Fargo made record profits in 2012 new mortgages and mortgage refinancing. It outlines the success they had in each quarter and discusses the factors that affected this growth and speculates on whether or not the success can be maintained. I think the reporting of the story was clear and accurate. It shares that Wells Fargo was able to refinance a record number of loans and increase their earning 19 percent from 2011. I previously have worked for Wells Fargo; I see that the facts listed in this story appear to be accurate; it does not appear anything was fabricated or left out. The story provides quotes from Timothy J. Sloan, the chief financial officer of Wells Fargo, I think it was a nice touch; it is good to hear things from the source. I do not see that any questionable assumptions were implicit in this story. I do, however, feel that all aspects of this story were addressed, they outlined the success as well as the fact that it may be hard to maintain. They discussed the success of Wells Fargo, but also highlighted the settlement they were required to make to address their part in the mortgage crisis of 2008. This story does outline the mortgage program within Wells Fargo very well. I recall how aggressive Wells Fargo requires their associates to be, I do not miss talking people into refinancing – not one bit. It is important to make distinctions when undertaking a critical evaluation because you must be able to look at an issue objectively. If you cannot consider all sides of an issue and keep an open mind, you will have a hard time making a critical evaluation. Critical thinking is all about further investigation, observation, and leaving emotions at the door. If you do not keep an open mind when reading a news article, you could either become fooled into believing something that is not true, or you may miss the truth because you were too caught up in an idea and missed the point entirely. Just like the video we watched in class about the woman who turned to setting themselves on fire to escape abusive relationships. I imagine if a man from Afghanistan watched that video he would have a hard time leaving his emotions out of it. He would miss the fact that perhaps there are women in his country that need help and protection, he would probably only feel like the women in the interview are pointing their fingers at him and saying he is a bad person. It is very easy to get side-tracked and miss the entire point of a news story when you allow the writers bias to invoke strong emotions in.

Reference
Silver-Greenberg, J. (2013, January 11). Wells Fargo's mortgage gains may be unsustainable. New York Times. Retrieved from http://dealbook.nytimes.com/2013/01/11/wells-fargo-profit-jumps-24-percent-in-fourth-quarter-driven-by-mortgages/?ref=business

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