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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   Anatomy of a Zombie Lie

   July 13, 2010 07:14 PM

   As I wrote last week, bloggers have repeatedly pumped the story that the AP charges us to quote its stories. Problem is, that story's just false and has been so since the meme first arose two years ago. So... Continue reading

2. The Audit

   Sorkin Types Up Hank Paulson’s Historical Revisionism

   July 13, 2010 02:20 PM

   Andrew Ross Sorkin lets Hank Paulson spin away this morning in a column about the former Treasury Secretary's thoughts on the financial-reform bill. His critics might say that his suggestions are a bit too convenient, but Mr. Paulson earnestly... Continue reading

3. The Audit

   Audit Notes: Radical Wolf, BofA Repo, Radical Douthat

   July 12, 2010 07:28 PM

   Martin Wolf says we're not thinking big enough about the real estate crisis. And he's thinking Big indeed, saying that incentives for resources like property ought to be reversed to discourage the rent-seeking that distorts economic growth. In 1984,... Continue reading

4. The Audit

   BusinessWeek on BP’s Economic Devastation of the Gulf

   July 12, 2010 03:41 PM

   If it's hard to get your head around an environmental disaster on the scale of BP's Gulf oil spill, it's even harder to grasp the economic damage being done. Measuring how much oil is gushing out of a hole in... Continue reading

5. The Audit

   Audit Notes: The Rich and the Ruthless, Twin Otter, Luskin

   July 9, 2010 07:48 PM

   Holly Yeager dinged The New York Times earlier today for its story on how the rich are defaulting on their homes more than the rest of the population. While it was thinly supported, the piece did pull off... Continue reading

6. The Audit

   The Wall Street Journal Editorial Page, Encapsulated

   July 9, 2010 06:52 PM

   Here's just about all you need to know (or quite a bit, anyway) about the Wall Street Journal editorial page, summed up in one unfortunate headline and subhed: The Real Tragedy of Persistent Unemployment It erodes the skills of... Continue reading

7. The Audit

   The Plain Dealer on the LeBron Betrayal

   July 9, 2010 10:50 AM

   Sportswriter Mike Vaccaro gets it exactly right on the amazing front page of the Cleveland Plain Dealer today: Newspapers can still grab you by the throat, folks. Kudos to the Plain Dealer Indeed.... Continue reading

8. The Audit

   (Ex) Titans of Industry Against Free Trade Fundamentalism

   July 9, 2010 10:26 AM

   Former Intel chief Andy Grove has an extremely important piece in Bloomberg BusinessWeek this week on how Silicon Valley and politicians have sold out American manufacturing, writing that "plowing capital into young companies that build their factories elsewhere will... Continue reading

9. The Audit

   Audit Notes: Extend and Pretend, Low Paid U.S. Autoworkers, BP

   July 8, 2010 06:41 PM

   The Wall Street Journal has a very good page-one story on commercial real estate (my old group there) and how banks' "extend and pretend" policies could just be delaying the day of reckoning in that industry. It's the paper-it-over... Continue reading

10. The Audit

    Business Journalism on Prozac

    July 8, 2010 02:44 PM

    Fortune is the happy-go-luckiest magazine in business these days. Which means it's way out of step with the times. Why, reading its pages you'd barely know there was a big ol' recession and financial crisis going on. Becky... Continue reading

11. The Audit

    Audit Notes: Study Hall, BP’s Skimpy Skimmers, “Resource Extraction”

    July 8, 2010 01:06 AM

    How wimpy is the financial-reform legislation? CNNMoney.com's Jennifer Liberto writes that Congress is passing the buck to regulators to do their own studies and come up with rules: Instead of toughening up ethical and marketing standards for financial planners,... Continue reading

12. The Audit

    Cohan’s Messy Goldman Apology

    July 7, 2010 10:48 AM

    William D. Cohan has a complete jumble of a piece over at The New York Times's Opinionator site. Cohan writes that since Goldman Sachs (an Audit funder) has been used as a punching bag that helped boost financial-reform bill,... Continue reading

13. The Audit

    Audit Notes: Change Deferred, Bailout Blues, Reporting on BP

    July 6, 2010 09:03 PM

    Barry Ritholtz with some good thoughts on what the bailouts hath wrought: Most people still do not understand what was accomplished with the Bailouts. What helicopter Ben & Co. did — pouring trillions into the banking sector — served... Continue reading

14. The Audit

    Woot Raises a Zombie Lie From the Dead (Again)

    July 6, 2010 08:23 PM

    The left blogosphere has a useful concept called "zombie lies"—information that's false and been debunked but continues to pop up as if it were the gospel truth. So it is with the meme that the Associated Press wants you... Continue reading

15. The Audit

    ProPublica and Frontline with a Save on BP

    July 6, 2010 08:27 AM

    That one almost slipped through the cracks. A month ago, the Galveston Daily News's T.J. Aulds broke a big story on how BP's Texas City refinery—you know, the one that blew up and killed fifteen people a few years... Continue reading

16. The Audit

    Audit Notes: Maiden Lane, AIG Off Easy, Spitzer

    July 2, 2010 05:27 PM

    Bloomberg reports that Tim Geithner and Ben Bernanke didn't tell Congress the whole truth when they testified about the Bear Stearns bailout in 2008: Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators... Continue reading

17. The Audit

    Google’s Monopoly Money

    July 2, 2010 11:39 AM

    The question ought to be why should a $140 billion monopoly be able to snap up a smaller competitor, not why shouldn't it. So it's good to see some of the press focus on the antitrust angle of Google's deal... Continue reading

18. The Audit

    Audit Notes: Up the Chain at BP, Bank Blinkers, Goldman’s Board

    July 1, 2010 08:54 PM

    It's been clear from The Wall Street Journal's earlier reporting, and that of other publications, that BP cut all kinds of corners in its Deepwater Horizon operations (and others) in a bid to speed up production. You can... Continue reading

19. The Audit

    Mom, Apple Pie, and… Credit-Default Swaps?

    July 1, 2010 07:28 PM

    Daniel Indiviglio says Main Street might be forced to pony up a trillion dollars of collateral on derivatives because of the financial-reform bill. The new financial regulation bill is advertised as a crack down on Wall Street excess, but... Continue reading

20. The Audit

    NPR, HOAs, and Nonjudicial Foreclosures

    July 1, 2010 10:04 AM

    The Dallas Morning News and NPR report that homeowners associations are foreclosing on members for missing their monthly dues, noting the infuriating story of a soldier in Texas who got his house sold out from under him while... Continue reading

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