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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   Audit Notes: Herald-Tribune Investigation, Drumbeat, Nothing for the 99ers

   December 10, 2010 07:01 PM

   Down in Florida, State Farm has exited its coastal hurricane-insurance business, saying it couldn't afford it anymore. But thanks to an investigation by Paige St. John and the Sarasota Herald-Tribune we now know that State Farm is still in... Continue reading

2. The Audit

   Goldman Exec’s “Rough Language” on Manipulating the Market

   December 10, 2010 12:22 PM

   Senator Carl Levin released emails yesterday showing a Goldman Sachs executive exhorting his traders to engineer a short-squeeze The Wall Street Journal stuffs it on C3 and gives it this loopy headline: Goldman Trader Used Rough Language Heavens!... Continue reading

3. The Audit

   Audit Notes: Don’t Buy Our Bonds!, Rail FAIL, Orszag to Citigroup

   December 9, 2010 08:19 PM

   New York Lieutenant Governor Richard Ravitch went off the reservation in a speech today, Bloomberg reports. First, he criticizes state cash cow Wall Street: Wall Street bankers perceive New York’s $9 billion budget deficit as an opportunity to propose... Continue reading

4. The Audit

   The Obama Administration’s Financial-Fraud Stunt Backfires

   December 9, 2010 10:20 AM

   Boy, the Obama administration's slapdash PR effort to show it's cracking down on financial fraud sure looks to be failing—and getting some serious blowback. Jesse Eisinger has a column in today's New York Times noting that the feds' insider-trading... Continue reading

5. The Audit

   Audit Notes: Where Are the Coppers?, Obama and FDR, WSJ

   December 8, 2010 08:41 PM

   Is that the sound of a drumbeat coming out of Andrew Ross Sorkin's DealBook? Sorkin wrote a great piece yesterday questioning why authorities haven't brought cases against any major corporate figures for causing the crisis. Now new DealBook... Continue reading

6. The Audit

   The NYT Shows Why Cuomo’s After Rattner

   December 8, 2010 02:33 PM

   The New York Times fronts an excellent story on the Steven Rattner scandal this morning. If you wondered why Andrew Cuomo, New York's attorney general and governor-elect, is pursuing Rattner so fervently, now you know. Louise Story and Michael... Continue reading

7. The Audit

   Andrew Ross Sorkin: Fraud Triggered the Financial Crisis

   December 8, 2010 09:19 AM

   There was a tough column in The New York Times yesterday on how the feds' are going after the minnows and avoiding the sharks over the financial crisis. That the piece comes from Andrew Ross Sorkin, who's about as... Continue reading

8. The Audit

   Slate Takes on Amazon’s Unfair Advantage

   December 8, 2010 02:01 AM

   Slate's Farhad Manjoo wrote last month about how online retailers like Amazon get a huge unfair advantage over their bricks and mortar counterparts. I want to make sure to note this—it's a good piece on an important subject. Amazon's... Continue reading

9. The Audit

   NYT, Jamie Dimon, and Too Big to Fail

   December 6, 2010 07:22 PM

   Felix Salmon already dissected Roger Lowenstein's, as he called it, "credulous" New York Times Mag profile of press favorite Jamie Dimon. But a couple of other things stuck out in Lowenstein's piece: Dimon echoes the standard business sentiment... Continue reading

10. The Audit

    Michael Kinsley Takes Issue with an Audit Criticism

    December 6, 2010 04:42 PM

    Michael Kinsley writes to say I missed the point of his column asking "Are we poorer than we used to be?" Kinsley left a comment on my post, but I want to make sure it doesn't slip through... Continue reading

11. The Audit

    The Second-Day Fed Bailouts Coverage

    December 3, 2010 07:31 PM

    And just like that, the Federal Reserve bailout story disappears from the pages of The Wall Street Journal. There's not a word about it anywhere in the paper on the second day of this story. Yesterday I criticized... Continue reading

12. The Audit

    Business Insider and Financial Press Sensationalism

    December 3, 2010 12:37 PM

    What business press readers always lacked but never really needed was a tabloid sensationalist to hype up mundane markets and business news. Who would have ever thought Henry Blodget would be the guy to fill this void? There are... Continue reading

13. The Audit

    Audit Notes: Too Big to Fail Edition

    December 3, 2010 12:36 AM

    Kansas City Fed President Thomas Hoenig has a must-read op-ed in The New York Times on why too big to fail has to go. He gets at one of the big reasons why the American public is so irate... Continue reading

14. The Audit

    Inured to “Trillions”

    December 2, 2010 07:19 PM

    The Federal Reserve is forced by Congress to reveal who it secretly bailed out with trillions of dollars in loans. Yesterday it releases the documents, which reveal that: — Foreign banks were the biggest recipients of the Term Auction... Continue reading

15. The Audit

    Reporting Anonymous Tweets

    December 2, 2010 05:20 PM

    I've written before about how press standards tend to go wobbly when it comes to Apple gossip. Here's a prime example (though it's as much a Howard Stern story as an Apple one). The Star-Ledger asks in a... Continue reading

16. The Audit

    Bernanke’s Stimulus Call Finally Makes The WSJ

    December 2, 2010 11:46 AM

    A couple of weeks ago, Federal Reserve Chairman Ben Bernanke issued a public call for Congress and the president to pass another round of stimulus for the battered economy: In general terms, a fiscal program that combines near-term measures to... Continue reading

17. The Audit

    Audit Notes: The Federal Reserve’s Trillion-Dollar Bailout Document Dump

    December 1, 2010 08:42 PM

    The Federal Reserve today released a trove of information, much of which was sought by Bloomberg's Mark Pittman lawsuit, on its multi-trillion dollar programs to bail out the financial system. The Huffington Post's Shahien Nasiripour zeroes in on... Continue reading

18. The Audit

    The Overdraft Racket Continues

    December 1, 2010 01:32 PM

    Back when the Federal Reserve adopted rules forcing banks to make customers opt in to overdraft "protection," it looked like a press win might break the back of a $40 billion a year scheme that charged 4,500... Continue reading

19. The Audit

    Audit Notes: Others on the Business Press

    December 1, 2010 12:19 AM

    If you haven't read John Cassidy's piece in The New Yorker asking "What Good Is Wall Street?", get to it. It's a pretty good read. Meantime, he had some interesting things to say in a live chat with... Continue reading

20. The Audit

    Yes, We Are Much Poorer Than in 2007

    November 30, 2010 08:19 PM

    Boy, how out of touch is this Michael Kinsley column asking "Are we poorer than we used to be?" Kinsley bases his case that it's more of a feeling than reality on the fact that the nation's gross domestic... Continue reading

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