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The problem is that the TC ethics statement doesn't really help. There's too many problems of conflict of interest.

I wrote up an article about them prior to Arrington's resignation:

http://blog.imranghory.org/michael-arringtons-unsolvable-con...

I had just finished reading your post from the link further down and I agree with its content. This is not a new problem for journalism. The solution is to leave all that lovely money on the table and keep your reputation intact, or change career.

From Walt Mossberg's version of the link I posted above:

I don’t own a single share of stock in any of the companies whose products I cover, or any shares in technology-oriented mutual funds. Because of this, I completely missed the giant run-up in tech stocks a few years back, and looked like an idiot. However, when the tech stocks crashed, I looked like a genius. Neither was true.

-- http://allthingsd.com/index.php?atd_ajax=authorinfo&fiel...

Obviously, those who adhere to this principle are not saints. It just goes with the job.

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