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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   Time: CNBC Is Us (on Steroids)

   March 17, 2009 12:33 PM

   My colleague Liz Cox Barrett points to a really good piece by James Poniewozik in Time on the meaning of Cramer vs. Stewart. Shorter Poniewozik: It's all about business journalism in general, guys. He's right. Here he... Continue reading

2. The Audit

   Sorkin: Contracts Sacrosanct, Except When They’re Not

   March 17, 2009 11:34 AM

   An astute reader writes to point out that the NYT's Andrew Ross Sorkin wasn't all for the sacrosanctity of contracts when it had to do with union workers, not Wall Street executives (if you didn't read my previous post, "Sorkin... Continue reading

3. The Audit

   Sorkin and the Straw Man

   March 17, 2009 09:10 AM

   A big thumbs down to the Times's Andrew Ross Sorkin for his poorly reasoned column this morning on why we should pay the AIG jokers' bonuses. First of all, Sorkin is arguing against a straw man—that the administration wants... Continue reading

4. The Audit

   “Mean Street,” Indeed

   March 16, 2009 01:46 PM

   We've been talking a lot about the bubble lately. Not that bubble: This bubble: So, I couldn't let this go by. If you want a good example of someone stuck in the... Continue reading

5. The Audit

   Starkman on The NewsHour

   March 16, 2009 10:11 AM

   Audit chieftain Dean Starkman made an appearance on The NewsHour with Jim Lehrer on Friday to discuss the performance of the business press in the years building up to the financial crisis. Dean faced off with... Continue reading

6. The Audit

   The Press Wins One on AIG

   March 16, 2009 08:48 AM

   After six months, we finally know who got backdoor bailouts from the AIG rescue, and how much they got—$105 billion, money that the government, in cahoots with Wall Street, didn't want to have to account for. But the pressure became... Continue reading

7. The Audit

   Cramer v. Stewart Coverage Largely Misses

   March 13, 2009 04:41 PM

   There's not much to say about Cramer v. Stewart that hasn't already been said elsewhere. It seems everyone, everywhere is all over this one, which Stewart utterly dominated. .cc_box a:hover .cc_home{background:url('http://www.comedycentral.com/comedycentral/video/assets/syndicated-logo-over.png') !important;}.cc_links a{color:#b9b9b9;text-decoration:none;}.cc_show a{color:#707070;text-decoration:none;}.cc_title a{color:#868686;text-decoration:none;}.cc_links a:hover{color:#67bee2;text-decoration:underline;} Continue reading

8. The Audit

   ProPublica Blogs the Stimulus

   March 13, 2009 10:52 AM

   I really like this idea from the non-profit investigative-journalism folks at ProPublica: Bird-dog the hundreds of billions of dollars in stimulus spending with a blog, "Eye on the Stimulus." This is an organization really getting what the Web is... Continue reading

9. The Audit

   Bloomberg’s Weil Blows Up Moody’s

   March 13, 2009 08:49 AM

   Jonathan Weil has a must-read column over at Bloomberg on Moody's, the credit-ratings giant that is one of the biggest villains in the crisis. We already know enough to condemn Moody's and Standard & Poor's and the like to... Continue reading

10. The Audit

    Live From the Madoff Trial: A Gas Run

    March 12, 2009 11:33 AM

    The Journal has a mega-blowout headline on its Web site on the Madoff guilty plea. But when I clicked the nearby link for "Live Video: Outside the Courthouse," I didn't get coverage of Madoff's perp walk. No. I... Continue reading

11. The Audit

    Black Helicopters Spotted at WSJ Sister Network

    March 12, 2009 10:53 AM

    The economic crisis has most of us worried about a lot of things. How will I retire? How will I pay the mortgage? Will I have enough ammo and MREs to outlast crazed "urban" hordes marauding the countryside? I'm especially... Continue reading

12. The Audit

    Busting the Boiler Rooms: It’s About Time

    March 12, 2009 09:06 AM

    The New York Times reports today that officials are gearing up for a flood of prosecutions against the mortgage fraud that we at The Audit have long believed was a major factor in creating the crisis. All... Continue reading

13. The Audit

    How About a Light-Hearted Banking Story?

    March 11, 2009 05:57 PM

    This comes from my home-state paper, The Daily Oklahoman. This is the lede: If you’d like to earn 5.25 percent interest on your checkin’ account, you might be a redneck. The Redneck Bank — "where bankin’s funner!” —... Continue reading

14. The Audit

    “Cramer vs. Not Cramer”

    March 11, 2009 10:42 AM

    So CNBC's Jim Cramer has agreed to sit down with Jon Stewart and The Daily Show on Thursday in what ought to be the most-anticipated thing on teevee since the last time everybody tuned into one of those talent... Continue reading

15. The Audit

    Leonhardt on the Looters

    March 11, 2009 09:25 AM

    The New York Times's David Leonhardt has the must-read of the day today. He focuses an early 1990s research paper by two eminent economists and uses it to make a persuasive case that what we saw out of bankers... Continue reading

16. The Audit

    Fortune and the Christian Chicken Companies

    March 10, 2009 04:43 PM

    I'd like to peck Fortune for a funny error in a story trying to be cute about chicken companies and Christ. After reporting that a prayer session led Mississippi poultry producer Sanderson Farms to make a fortuitous business move,... Continue reading

17. The Audit

    FT Excels on Complexity and Capitalism’s Future

    March 10, 2009 02:47 PM

    The Financial Times is running a very good (so far) series it calls "The Future of Capitalism" this week. At times recently it's felt like there may not be such a future, but the profit motive is resilient and won't... Continue reading

18. The Audit

    Journal with a Good Angle on the NYT Deal

    March 10, 2009 10:03 AM

    The Journal's Heard on the Street column has a valuable look at The New York Times Company's financial straits today. The NYT signed a sale-leaseback deal on its new headquarters building. A sale-leaseback is a real estate transaction where... Continue reading

19. The Audit

    Housing Columnist Hasn’t Learned from the Bubble

    March 10, 2009 08:41 AM

    Can you spot the problem here? ...would you sell the rights to future appreciation to an investor who also is willing to absorb losses that might be incurred should prices go down? A group of Rockville, Md., financial engineers is... Continue reading

20. The Audit

    Working the AIG Beat

    March 9, 2009 04:05 PM

    The Journal's good scoop this weekend on the AIG counterparties is somewhat furthered today by Fortune's Carol Loomis. And now it seems we're finally getting somewhere. Why does this matter so much? AIG, of course, was effectively nationalized... Continue reading

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