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May 11, 2011 12:53 PM
Morning Joe Puts Madoff on the Couch
My colleague Curtis Brainard has written about the media’s inclination to offer loose psychological evaluations of high profile meltdown types with, often, zero evidence and less expertise. Well, those lucky fancy-car-driving expensive-suit-wearing folks who tuned into MSNBC’s Morning Joe this morning were treated to a roundtable of psychobabble when New York Times reporter Diana Henriques joined Joe and Mika and...
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April 15, 2011 12:02 PM
How Wall Street Elites Read the Business Press
What a story says depends on who exactly is reading it
The Picard complaint against JPMorgan, accusing the bank of being “at the very center “of the Madoff fraud, “and thoroughly complicit in it,” is now available in a version which names names. It kicks off in dramatic fashion: This seems pretty damning, on its face. If JPMorgan suspected Madoff of being a Ponzi, it should certainly not have continued to...
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February 16, 2011 12:16 PM
Madoff’s Maddening Jailhouse Interview
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. That jibes with what Irving Picard, the trustee who's trying to recover money for Madoff's victims, is saying about JPMorgan Chase....
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February 24, 2011 02:10 PM
Ryan Chittum on Unions, Apple, and Madoff: A CJR Podcast
In CJR's latest podcast, assistant editor Lauren Kirchner speaks with Ryan Chittum, deputy editor of The Audit on CJR.org, about some of this week's most interesting stories. They discuss the Wisconsin protests over union rights and what might happen next; why Apple's price-gouging on iPad apps can't last; and what the latest developments in the Bernie Madoff saga mean for...
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March 9, 2011 01:00 AM
The Times Ups the Ante on the SEC’s Madoff Mess
The New York Times has a great scoop this morning advancing the ball on the SEC's entanglement with Bernie Madoff. Remember a couple of weeks ago we found out that the SEC's top lawyer, David M. Becker, had inherited money from his mother's Madoff account. Madoff victims' trustee Irving Picard is suing to get $1.5 million in Ponzi profits back...
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February 23, 2011 02:01 PM
The SEC, Tangled Up in Madoff
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 knew—or should have known—what was going on (it's worth revisiting a New York Times/Il Sole 24 Ore report from early 2009...
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May 16, 2011 12:05 PM
Why Law and Journalism Schools Need to Work Together
To give reporters the legal assistance they need
It began with a phone call asking for help. A reporter friend in New York needed to see some sealed court documents in a securities fraud case, but his newspaper—like many in the industry—had a shrinking news budget, dwindling staff, and strict limits on the use of legal counsel. He asked me, as a journalist-turned-lawyer, to write a letter on...
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