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Columbia Journalism Review content tagged Goldman Sachs

1. June 1, 2011 01:16 PM

   NYT: Fabulous Fab Pointed Fingers at Goldman

   By Ryan Chittum

   Louise Story and Gretchen Morgenson raise a good question in their agenda-setting piece in The New York Times this morning: Why was Fabrice Tourre the only Goldman Sachs employee charged with defrauding investors in the Abacus deal, and why was Abacus the only deal it prosecuted filed suit over? (Adding: A reader emails to say "prosecuted" implies criminal charges, so...

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2. March 28, 2011 11:36 AM

   WSJ Unmasks Perfidious Goldman

   By Felix Salmon

   The WSJ has a great article today about that most fickle and capricious of creatures, the Goldman Sachs investment banker. He’ll sidle smoothly up to you, buy you a drink at the bar, even get in to bed with you — but it’s not you he wants, he’s really only in it for the money. And if your rich...

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3. May 31, 2011 11:45 PM

   Audit Notes: WSJ Calls Out AT&T; Goldman and Qaddafi; Banks Hit the Road

   By Ryan Chittum

   I wish more papers would do what The Wall Street Journal does today in its story about antitrust concerns over AT&T's bid to gobble up T-Mobile and create a duopoly in cellphone service. Here's AT&T's top lobbyist, Jim Cicconi (emphasis mine): "Opposition is not growing," Mr. Cicconi said. "If anything, it seems fairly confined to the usual people and the...

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4. May 26, 2011 07:54 PM

   Audit Notes: Bloomberg Blues, Weil Audits Goldman’s Board, Does Not Compute

   By Ryan Chittum

   Slate's Jack Shafer shreds Bloomberg View, the new Bloomberg editorial page. He writes, "I'd rather go blind than look at a world made whole through the Bloomberg View," with its ideology emulating that of the heroic cult leader Mayor Mike, whose "political values are as unmappable as a hooker's love." Nice. This is good stuff, too: Among the columnists' first...

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5. January 5, 2011 08:52 PM

   Audit Notes: Goldman and Facebook, Chainsaws, Hudson on Tax History

   By Ryan Chittum

   Francine McKenna sums up the problem with Facebook's Goldman Sachs investment pretty succinctly over at Forbes: Facebook wants the public’s money - and their trust - with none of the disclosure and none of the regulatory scrutiny of a public company. Goldman is getting around public disclosure rules that trigger when a company reaches 500 investors by creating a special-purpose...

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6. March 16, 2012 08:35 PM

   Audit Notes: Greg Smith, Mike Daisey, David Carr

   By Ryan Chittum

   Quote of the day goes either to Bloomberg or The Epicurean Dealmaker. It's a tough one. Bloomberg finds Morgan Stanley CEO James Gorman saying this about Greg Smith's famous Goldman Sachs kissoff in The New York Times: Morgan Stanley’s Gorman said he told staff not to circulate the op-ed. “I was surprised that anyone would run an op-ed piece based...

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7. May 24, 2011 08:11 PM

   Audit Notes: Insider Trading on the Hill, Taibbi, Deficit vs. Jobs Coverage

   By Ryan Chittum

   Dan Froomkin of The Huffington Post reports on some very interesting research finding that the investment portfolios of members of Congress substantially outperform the stock market. I'd expect their portfolios to do a bit better than the market average, but the study found Congress beat the stock market by an average 6 percent a year over sixteen years. Senators beat...

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8. May 3, 2011 08:12 PM

   Audit Notes: Levin-Coburn Referrals; Falling Dollar, Rising Exports; Amazon Watch

   By Ryan Chittum

   Bloomberg reports that Senators Carl Levin and Tom Coburn have formally referred their bipartisan investigation of the financial crisis, and Goldman Sachs in particular, to the Department of Justice and the SEC for possible prosecution. I noticed The New York Times and Wall Street Journal failing to report the possible criminal-prosecution implications of the Levin-Coburn Report several weeks ago. It...

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9. June 9, 2011 07:49 PM

   Audit Notes: Paywall Protection, News Corp. Scandal Widens, Goldman and Libya

   By Ryan Chittum

   Ken Doctor has a good post over at Nieman Journalism Lab on the Walter Hussman Theorem, which is that you can stanch or even reverse the decline of your print paper by not giving it away free online. Another name for this is "common sense." Here's a terrific chart that Hussman put together on how his two papers (they're the...

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10. January 28, 2011 06:06 PM

    Audit Notes: Politico’s Goldman PR, ProPublica Vindicated, Mark to Myth

    By Ryan Chittum

    The Huffington Post's Peter S. Goodman points to a bizarre report in Politico this morning: Much was made of a brief item in the FCIC report (pg. 378) alleging that Goldman Sachs took $2.9 billion for its own account from a bailed-out AIG. Goldman has long contended that around $14 billion it received from AIG went to clients and counterparties,...

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11. January 13, 2012 09:45 PM

    Audit Notes: Triple Dip; Bloomberg Terminals; Goldman, AIG, and the Fed

    By Ryan Chittum

    Jeffrey Verschleiser is in the news for renting out the entire ninety-four room Hotel Jerome this weekend for his daughter's bat mitzvah. Who's Jeffrey Verschleiser? Rolling Stone's Matt Taibbi revisits the tale, reported by Teri Buhl in The Atlantic last year, of the former Bear Stearns executive who now works high up in Goldman Sachs and is being sued, along...

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12. October 23, 2012 06:50 AM

    Audit Notes: What’s Social Security worth?, another CNBC ‘poll,’ Greg Smith

    An excellent personal-finance story from the Journal

    By Ryan Chittum

    What would Social Security coverage look like if the press covered it more like personal finance reporters cover IRAs and 401(k)s? The Wall Street Journal's Ellen Schultz shows us with a great piece on Social Security that cuts through the propaganda that's falsely convinced so many people that they won't ever draw benefits: Despite widespread gloom over the health of...

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13. May 26, 2011 01:43 PM

    Bloomberg Ferrets Out New Details on the Fed’s Bailouts

    By Ryan Chittum

    There were so many bailouts going on in 2008 that Congress apparently forgot about some of them. Bloomberg gets a scoop this morning on details of an $80 billion Federal Reserve lending program that flew under the radar. Barney Frank, whose name is on the financial reform legislation that forced the Fed to reveal details about its bailout programs, tells...

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14. November 2, 2011 06:57 PM

    Bloomberg on How a European AIG Would Hit the U.S.

    Big U.S. banks are upping their exposure to Europe by selling credit-default swaps

    By Ryan Chittum

    Bloomberg News has an important report on how sovereign defaults in Europe could infect the U.S. banking system via ye olde credit-default swap market. Yalman Onaran reports that the too-big-to-fail U.S. banks are ratcheting up their exposure to a collapse of the PIIGS by selling credit-default swaps to investors trying to insure against a default. Such insurance (most of which...

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15. November 27, 2012 11:06 AM

    Dart: CBS and the Goldman Sachs solution

    Another weak showing on Social Security

    By Trudy Lieberman

    Maybe CBS Evening News anchor Scott Pelley was so awestruck by a chance to visit one of the seven trading floors over at Goldman Sachs, and by a rare interview opportunity with Goldman’s CEO, that he forgot about good, skeptical follow-up questions. He and the CBS Evening News get a CJR Dart for this fairly embarrassing effort. Pelley reported:...

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16. January 19, 2011 05:31 PM

    DealBook Leaves Out the Links in Its Goldman Story

    By Felix Salmon

    DealBook and Footnoted—the very epitome of professional financial blogs—have collaborated in a big investigation of Goldman Sachs's regulatory filings and partnership documents. The investigation seems to have turned up some pretty juicy stuff, but I'm not a fan of how the results were presented. For one thing, the big NYT report coming out of the investigation contains zero substantive links...

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17. December 10, 2010 12:22 PM

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

    By Ryan Chittum

    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! That hed has the effect of downplaying the story. So does the fact that the Journal says a "Goldman trader" did it...

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18. June 6, 2011 02:49 PM

    Goldman’s WSJ Score

    By Ryan Chittum

    Goldman Sachs displays some savvy PR in getting The Wall Street Journal to go big with a story about it pushing back against the Levin-Coburn report. The paper scoops that Goldman is "considering" putting out documents that contradict key accusations in the Senate's Levin-Coburn Report. It "might" release them "soon," though "a decision hasn't been made yet." Those documents, Goldman...

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19. March 14, 2012 02:06 PM

    Greg Smith and Goldman Sachs

    By Ryan Chittum

    It's tempting to get all savvy and snarky about Greg Smith's op-ed in The New York Times this morning on why he's leaving Goldman Sachs. It's no small thing for someone in an omerta culture like Goldman's to take to the New York Times to eviscerate the firm. It's much easier to assuage your Goldman guilt by quietly leaving the...

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20. March 24, 2011 03:25 PM

    Harsh Justice for a Wall Street Thief

    A thief who stole from Wall Street, of course

    By Ryan Chittum

    David Weidner has an excellent column on the unfortunate case of Sergey Aleynikov, better known as the guy who stole computer code from Goldman Sachs. Last week, a federal judge handed Aleynikov got eight-plus years in prison for the theft. The fact is, Aleynikov is a thief, and Weidner makes sure you know he's not minimizing that fact. But he...

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