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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   A Good WSJ Scoop on AIG and Wall Street Research

   August 26, 2011 06:51 PM

   The Wall Street Journal has an interesting scoop out today, reporting that AIG CEO Robert Benmosche is leaning on his counterparts whose analysts have issued negative research reports about the firm and who might want his business soon. The... Continue reading

2. The Audit

   Audit Notes: A Triple-B Chairman for a Triple-B Company, Stadium Welfare, Euro Crisis

   August 25, 2011 08:04 PM

   New York Daily News publisher and Boston Properties Chairman Mort Zuckerman takes to the op-ed pages of The Wall Street Journal today and unloads this gem: Obama and the 'Competency Crisis' Like many Americans who supported him, I long... Continue reading

3. The Audit

   Fortune Inside the Pfizer Fiasco

   August 25, 2011 04:40 PM

   Fortune has a dandy read in this issue on an executive fiasco at Pfizer that led to the sacking of two executives, including the CEO. Or as it puts it on the cover: WHAT HAPPENED at PFIZER The Inside... Continue reading

4. The Audit

   Audit Notes: Steve Jobs, WSJ on Hacking, NYPD As Domestic CIA

   August 24, 2011 07:02 PM

   Awful news just hit the tape that Steve Jobs's health has finally forced him to resign as CEO of Apple: I have always said if there ever came a day when I could no longer meet my duties and... Continue reading

5. The Audit

   Capital One Tries to Buy Too Big to Fail Status

   August 24, 2011 03:29 PM

   Capital One is the thirteenth biggest bank in the country, with $200 billion in assets. It's on a buying spree that it hopes will make it half again as big. In June, it agreed to snap up ING Direct for... Continue reading

6. The Audit

   Audit Notes: Students Drop For-Profit Colleges, Foreclosures, Hospital Mergers (UPDATED)

   August 23, 2011 08:39 PM

   The Wall Street Journal has an interesting report on the much-deserved business woes hitting the for-profit college industry. Enrollment of new students at Corinthian Colleges dropped 22 percent earlier this year. It fell 26 percent at DeVry and 36... Continue reading

7. The Audit

   The Repatriation Tax Holiday and American Jobs

   August 23, 2011 03:13 PM

   The Washington Post is good to point out that some of the big American companies pushing the government for a repatriation tax holiday, which would temporarily slash the tax on foreign earnings by 85 percent for the second time... Continue reading

8. The Audit

   Bloomberg News on the Fed’s Secret Mega-TARP

   August 22, 2011 05:55 PM

   Back when our late pal Mark Pittman and Bloomberg sued the Federal Reserve to force it to disclose secret details on its massive crisis lending programs, he told me that he suspected the Fed was shoveling money out the... Continue reading

9. The Audit

   Audit Notes: Welcome to America, Supercookies, Leon Black’s Blowout

   August 19, 2011 08:01 PM

   It's a national embarrassment when students from places like China, Nigeria, Romania and Ukraine come to the United States for a summer job and end up striking to protest their labor conditions. That's what some 400 foreign students here to... Continue reading

10. The Audit

    Jon Stewart On Fox’s Reverse Class Warfare

    August 19, 2011 03:48 PM

    Yesterday, The Daily Show had one of Jon Stewart's greatest takedowns of Fox News—which is saying something. The jumping-off point is Warren Buffett's recent New York Times op-ed in which he pointed out, as he has numerous times over... Continue reading

11. The Audit

    Audit Notes: The Milken Memory Hole, The Ax Murder and the NotW, Yahoo

    August 19, 2011 12:28 AM

    Mother Jones's Nick Baumann catches the Los Angeles Times and the Associated Press in some poor journalism. A businessman gives $10 million to UCLA, which names a new program after him. Who's the businessman? Lowell Milken. The... Continue reading

12. The Audit

    News Corp. Buries a Whistleblower

    August 18, 2011 05:07 PM

    What happens when a low-level Rupert Murdoch employee blows the whistle on criminal wrongdoing? He gets harassed and destroyed by News Corporation. What happens when a Rupert Murdoch executive runs the company accused of said crimes, for which News Corporation... Continue reading

13. The Audit

    A Wall Street Journal Error Undermines a Story’s Premise

    August 17, 2011 03:38 PM

    Here's a good example of how corrections can fail to fix misimpressions created by the original error. In this case, the misimpression is the premise of the story, which ran on the front of The Wall Street Journal's Money... Continue reading

14. The Audit

    Audit Notes: Banker’s Good FHA Work, FBI’s Small Fry, Michael Barone

    August 16, 2011 08:20 PM

    The American Banker's Jeff Horwitz has another excellent report on the Federal Housing Administration and its former commissioner David Stevens, who took a bold spin through the revolving door earlier this year to become CEO of the Mortgage Bankers... Continue reading

15. The Audit

    Damning New Evidence in the News Corp. Hacking Scandal

    August 16, 2011 03:13 PM

    You know, it's a serious problem when you can't trust a word said by one of the very biggest owner of news organizations in the world—indeed, when evidence shows that you have to assume that it's misleading you, as MP... Continue reading

16. The Audit

    Audit Notes: One Termer, HAMP Dwindles, The Crisis Narrative Shift

    August 15, 2011 08:15 PM

    These two graphs from an NYT story this weekend pretty much show why Barack Obama is going to be a one-termer: Mr. Obama’s senior adviser, David Plouffe, and his chief of staff, William M. Daley, want him to maintain... Continue reading

17. The Audit

    The Free Press Probes Fannie and Freddie

    August 15, 2011 05:55 PM

    A Detroit Free Press investigation raises some interesting questions about why government-owned Fannie Mae and Freddie Mac are pushing foreclosures over banks' objections and whether they're getting taxpayers a good deal on foreclosure sales for their taxpayer benefactors. The... Continue reading

18. The Audit

    Audit Notes: JPMorgan’s Denuded County, Recession Watch, Reporting Rumors

    August 12, 2011 04:14 PM

    Bloomberg News revisits JPMorgan Chase's screwing of Jefferson County, Alabama, as the county debates whether to file for bankruptcy because of awful deals its politicians made after getting millions of dollars in bribes from JPMorgan: JPMorgan Chase & Co.... Continue reading

19. The Audit

    The WSJ Advances the Foreign-Exchange Gouging Story

    August 12, 2011 02:10 PM

    The Wall Street Journal has a good investigation that advances its series of stories looking at how banks, and particularly Bank of New York Mellon, gouged pension funds on currency trades. The funds had standing orders to let banks... Continue reading

20. Critical Eye

    Ace in the Hole (1951)

    August 12, 2011 11:15 AM

    I’ve got Murdoch on the brain, but I couldn’t help thinking about the News of the World scandal while watching the sixty-year-old film noir Ace in the Hole, which is at base a story about the drive for The Story.... Continue reading

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