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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   Journal Is Wide-Eyed on a Potential Rebound

   February 9, 2009 09:48 AM

   The Journal is too contrarian for the sake of it in an Outlook column positing that the economy could be in for a sharp recovery. The chance of any rebound in the current quarter seems far-fetched after last week's... Continue reading

2. The Audit

   NYT Catches Up with the Stock Analysts

   February 9, 2009 08:29 AM

   Stock analysts have been overlooked in this crisis, despite having a prominent role in the last stock crash just eight years ago. So, good for The New York Times for catching up with these folks to see just how... Continue reading

3. The Audit

   Chart of the Day

   February 6, 2009 05:52 PM

   Karen Tumulty at Time posts this chart from Speaker Pelosi showing how much worse the job losses have been in this recession than in past ones, part of Pelosi's argument to pass the stimulus bill. It's eye-opening, to say... Continue reading

4. The Audit

   Wilke Was Itching to Go After the Madoff Story

   February 6, 2009 05:10 PM

   CORRECTION: In this post I said the Madoff story got caught up in the "Journal's labyrinthine editorial structure." In fact, I didn't have enough evidence to support that. Subsequently, the Journal spokesperson got back to us, saying this:... Continue reading

5. The Audit

   More on Madoff and the Journal

   February 6, 2009 01:26 PM

   Jason Linkins of The Huffington Post runs through the email correspondence between Madoff's would-be slayer Harry Markopolos and WSJ reporter John R. Wilke—correspondence that stretched over three years and led nowhere. Here's a notable email he pulls out: By... Continue reading

6. The Audit

   Audit Interview: Mark Maremont

   February 6, 2009 11:11 AM

   Mark Maremont is one of The Wall Street Journal's top investigative reporters (and a senior editor), focusing much of his efforts on executive compensation and accounting. He led the team of Journal reporters who wrote the blockbuster stories in 2006*... Continue reading

7. The Audit

   The Big Money on Michael Lewis

   February 6, 2009 10:08 AM

   The Big Money, Slate's business site, runs a nice appreciation of Michael Lewis by its reporter Chadwick Matlin. Matlin not only is totally right about Lewis, his piece is also a nice essay about business writing and why it's so... Continue reading

8. The Audit

   Biz Press Largely Misses the TARP News

   February 6, 2009 09:15 AM

   The financial press way underplays a report by the TARP oversight panel that Treasury Secretary Hank Paulson lied to the public—and to Congress—about the price he paid for banks' preferred stock*. And no surprise, the panel suggests he paid tens... Continue reading

9. The Audit

   Clueless Quote of the Day

   February 5, 2009 02:00 PM

   From a Journal story about how Wall Street is canceling junkets to luxury resorts. The Morgan Stanley decision comes as so-called incentive conferences meant to reward and motivate employees have dropped off significantly, hotel owners say. "The troubling matter... Continue reading

10. The Audit

    This Post Has Nothing to Do with the Crisis

    February 5, 2009 12:46 PM

    And now for a much-deserved break from all the bad news. The Journal runs a terrific "ahed"—the name for the paper's classic offbeat front-page stories— this morning, about an Aussie pro bowler taking the sport by the storm by... Continue reading

11. The Audit

    WSJ Dominating the BofA Story

    February 5, 2009 10:35 AM

    The Journal has an excellent tick-tock on the deal between Merrill and Bank of America, showing how the government stared down BofA when it was considering backing out of its agreement. Mr. Lewis had had enough. On Wednesday, Dec.... Continue reading

12. The Audit

    The Times Looks at Executive Perks

    February 5, 2009 08:41 AM

    The New York Times takes a good look this morning at the excessive executive perks yet to be wrung out of the banking system. It had an executive compensation firm do an analysis of financial industry perks and found... Continue reading

13. The Audit

    Markopolos the Media Critic

    February 4, 2009 04:21 PM

    It's, ahem, interesting to see Hero Harry Markopolos's take on Murdoch as the Journal takeover was proceeding. This in an email to reporter John Wilke (warning: big PDF): Murdoch would be poison for the paper. As far as editorial... Continue reading

14. The Audit

    Markopolos and the Journal

    February 4, 2009 03:58 PM

    Gary Weiss is all over a bit of news this morning that Harry Markopolos, the Madoff whistleblower tried to get The Wall Street Journal to cover the story more than three years ago, to no avail. Here's Weiss, a... Continue reading

15. The Audit

    Wake Up, Wall Street and Washington

    February 4, 2009 11:30 AM

    Steven Pearlstein has a good take in the Washington Post on the reckoning that's starting to dawn on the power elite, smartly tying together the fall of John Thain with the demise of Tom Daschle. Pearlstein writes about the... Continue reading

16. The Audit

    Trade Skepticism Gets an Airing

    February 4, 2009 08:46 AM

    It's all too rare to see skepticism of free trade in the business press, much less a full-throated attack on it. So, applause to The Big Money, Slate's business site, which today goes big with a book excerpt about... Continue reading

17. The Audit

    CNBC Gets the Munchies

    February 3, 2009 02:24 PM

    Watching CNBC, I was about to get ticked about the incessant reporting over the Michael Phelps smoking dope story. Who cares whether a 23-year-old kid partakes a little bit? You certainly can't say pot has made him unmotivated or... Continue reading

18. The Audit

    Dowd Rips the Street

    February 3, 2009 10:00 AM

    I'm no Maureen Dowd fan (and even less of a Tom Friedman one), but I have to applaud her column on Sunday, which is something of an anthem for readers outraged by what's been going on on Wall Street... Continue reading

19. The Audit

    Great Times Piece on Wall Streeters’ Shame

    February 3, 2009 08:56 AM

    The Times has an amusing story this morning on what it's like for Wall Streeters now that they're goats instead of heroes, and less paid ones at that. It's chock full of schadenfreude moments and pictures of bankers still... Continue reading

20. The Audit

    The Protectionism Bogeyman

    February 2, 2009 12:55 PM

    There's a movement afoot in the financial press, especially in globalist publications like The Wall Street Journal and Financial Times, to warn about the supposedly rising threat of "protectionism". Now, I'm a long-time skeptic of the free-trade religion, which is... Continue reading

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