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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   Wall Street Running Out the Clock on Crash Charges (UPDATED)

   March 4, 2011 06:17 PM

   The housing bubble popped five years ago. The securitization market went haywire four years ago, shortly after the derivatives market started going crazy. Bear Stearns, choking on toxic CDOs, went down three years ago. Today, March 4, 2011, we get... Continue reading

2. The Audit

   Baby Boomers and the Labor Force

   March 4, 2011 01:52 PM

   James Pethokoukis of Reuters looks at the job numbers out this morning, which showed headline unemployment dropping to 8.9 percent, and says by his calculation the number would be a third higher if so many people hadn't given up... Continue reading

3. The Audit

   The Crystal Ball For Chris Dodd Revisited

   March 3, 2011 06:56 PM

   Newly retired Democratic Senator Chris Dodd has now announced what he'll be doing for a post-Senate career: lobbying for Hollywood. So, I must admit I underestimated Senator Dodd when I wrote this post on "The Crystal Ball... Continue reading

4. The Audit

   CNBC Pushes the Financial-Terrorism Nonsense

   March 3, 2011 01:02 PM

   I took the hammer to The Washington Times the other day for a dumb story on a report that says terrorists may have caused the financial crash of 2008. Now the best thing I can say for The Washington... Continue reading

5. The Audit

   Audit Notes: Criminal Query, Ritholtz on McKinsey; Obama’s Jobs Panel

   March 2, 2011 07:47 PM

   — The Financial Times reports that the SEC is investigating whether Las Vegas Sands bribed foreign officials. The headline: Sands China shares hit by SEC probe of parent But down in the fifth paragraph we learn that the Justice... Continue reading

6. The Audit

   SI/CBS College Football Investigation Lacks Context

   March 2, 2011 05:40 PM

   Sports Illustrated and CBS News are out with a big investigation into crime in college football. They looked at the teams in last season's preseason Top 25 poll and pulled the records of all the players to find out... Continue reading

7. The Audit

   Audit Notes: Unnamed Source No-No, “Grassroots” Wisconsin, Kinsley

   March 1, 2011 07:47 PM

   The Washington Post gives us a case study today in how not to use anonymous sources. It reports that the SIGTARP, the TARP bailout program's special inspector general, is quitting. That's significant news because Neil Barofsky has been an... Continue reading

8. The Audit

   USA Today’s Ham-fisted Public Workers Story

   March 1, 2011 05:47 PM

   USA Today runs a poor story this morning that says its analysis finds that government workers make more in total compensation (wages plus benefits) than private-sector workers in forty-one states. And so it does, but this is a case... Continue reading

9. The Audit

   Now It’s Blame-the-Terrorists For the Crash of ‘08

   March 1, 2011 12:40 PM

   We've had the blame-the-borrowers campaign a la Rantin' Rick Santelli. We've seen the blame-the-gubmint campaign a la Peter Wallison. Now we have blame the... terrorists. Really! Hey, anything to take your eye off the real culprits: A financial... Continue reading

10. The Audit

    PolitiFact Shows A Fox Host Is Wrong, But Hedges Its Verdict (UPDATED)

    February 28, 2011 01:03 PM

    For an organization whose reason for being is to judge what's a fact and what's not, PolitiFact sure has a funny idea of what "true" means. Or "Barely True," as it says. Audit commenter Thimbles points to a PolitiFact <a... Continue reading

11. The Audit

    Audit Notes: Grand Oil Party, The Limits of Anecdote, Mod Investors

    February 25, 2011 06:51 PM

    The Economist's Matt Steinglass reports on an egregious government giveaway to the oil companies—one that started accidentally and has now been intentionally enshrined by Republicans in Congress. The Minerals Management Service was supposed to give free leases to oil... Continue reading

12. The Audit

    HuffPo Shows OCC Still Poster Child of Regulatory Capture

    February 25, 2011 02:30 PM

    The Huffington Post's Shahien Nasiripour has some interesting reporting in a story on the Obama administration's move to settle the fraudclosure scandal with banks for up to $30 billion in fines and writedowns. He reports state attorneys general want the... Continue reading

13. The Audit

    WSJ Slips Up on a Union Story

    February 24, 2011 09:45 PM

    The Wall Street Journal's page-one story yesteday on the union battle in Wisconsin erred on a few points, all of which skew coverage against the union side. First the paper misleads readers by implying that Wisconsin Governor Scott Walker... Continue reading

14. The Audit

    NYT’s Scoop on an Alleged Roger Ailes Coverup

    February 24, 2011 02:44 PM

    The New York Times has an excellent scoop out today that could mean trouble for Fox News's Roger Ailes. It's sure worth following. The paper reports that former News Corporation book publisher Judith Regan (and now her former lawyers)... Continue reading

15. The Audit

    Audit Notes: A Mirror For Scott Walker, SPJ Outraged at Blogger, Foreclosures

    February 23, 2011 08:07 PM

    Steven Pearlstein goes into his columnists' bag of tricks to show how crazy Governor Scott Walker's agenda would be if a Democrat tried to pull it: One old trick is to suggest a thought experiment that asks readers to... Continue reading

16. The Audit

    The SEC, Tangled Up in Madoff

    February 23, 2011 02:01 PM

    How about that Irving Picard? The lawyer trying to recover cash for Bernie Madoff's victims had the nerve to sue Jamie Dimon's JPMorgan Chase for $6.4 billion, saying the bank was at the "very center" of Madoff's fraud and... Continue reading

17. The Audit

    Audit Notes: Watchdog Blogging, Union Power, Stadium Economics

    February 22, 2011 07:46 PM

    The blog Gin and Tacos makes a fantastic catch on Wisconsin Republican Governor Scott Walker's effort to take away the right to organize from most of the state's public unions and cut their pay. Buried in the bill is... Continue reading

18. The Audit

    One For the Whistleblowers

    February 22, 2011 05:38 PM

    The government has thrown up its hands and says it can't prosecute Angelo Mozilo, despite the fact that his company Countrywide was a giant predatory-lending machine, that he misled investors about the health of the company, or that... Continue reading

19. The Audit

    Madoff’s Maddening Jailhouse Interview

    February 16, 2011 12:16 PM

    Diana Henriques has a huge get for The New York Times this morning: The first interview of Bernie Madoff since his 2008 arrest. The headline: Madoff says banks and hedge funds "had to know" about his gargantuan Ponzi scheme.... Continue reading

20. The Audit

    Audit Notes: HBGary Federal, Jeff Sachs Goes Off, Gaming Google

    February 15, 2011 06:10 PM

    ArsTechnica has a great ticktock on how the HBGary Federal scandal broke open, recounting how its CEO got into a battle he couldn't win with the hacker group Anonymous. ThinkProgress follows up on the HBGary Federal scandal, reporting... Continue reading

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