News at Eleven (Back Page): Simply put, too many poets composed works

they could not justify. We are seeing the impact on poetry, with a massive loss of confidence on the part of readers. What began as a subprime poetry problem on essentially unregulated poetry websites has spread to other, more stable, literary magazines and presses and contributed to excess poetry inventories that have pushed down the value of responsible poems.

from Harpers: Poetry Bailout Will Restore Confidence of Readers

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