Thursday, November 27, 2014. Last Update: Wed 10:50 AM EST

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CDOs

NYT Reports Bear Stearns Wasn’t Alone on Putbacks

Plus, Wall Street saw fraud signs, demanded money back, then kept buying loans

The New York Times has a very good look today at what the Ambac lawsuit against JPMorgan Chase could mean... More

Audit Notes: Lobbying Both Ways, SEC Scrutiny, Steve Jobs,

The banks have been carping about the complexity of the Volcker Rule, which aims to prevent them from making risky... More

Audit Notes: Toxic Assets, Foreclosure Mills, SEC (Finally) Looking at CDOs

What ever happened to that pile of toxic assets that the banks were sitting on? Wall Street Journal reporter Michael... More

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Audit Notes: Wall Street fraud and coverup

JPMorgan “flouted quality controls and ignored problems, sometimes hiding them entirely”

The New York Times has a tough report on newly uncovered emails that show Jamie Dimon's JPMorgan Chase knowingly misled... More

Charlie Rose’s Weak Q&A With the SEC’s Khuzami

Audit contributing editor Felix Salmon, writing this morning about Channel 4 reporter Krishnan Guru-Murthy's tough questioning of Larry Summers, asked,... More

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

Senator Carl Levin released emails yesterday showing a Goldman Sachs executive exhorting his traders to engineer a short-squeeze The Wall... More

HuffPost: An SEC Wrist Slap for Fleecing an Indian Tribe (UPDATED)

Wachovia dinged with a small settlement, and no individuals are charged

Good for The Huffington Post's Shahien Nasiripour for giving us a closer look at Wachovia's settlement for defrauding an Indian... More

ProPublica Shows Merrill Paid Traders to Take Its CDOs

An important story on how Wall Street kept the bubble going

I really hate when news organizations drop big stories over the holidays. For one, they have far less chance of... More

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The Times gives the SEC’s Khuzami a parting kiss

The enforcement chief still gets the “new sheriff in town” treatment

It's at least easy to understand the logic, however icky, of the beat sweetener, that staple of news coverage that... More

Wall Street Running Out the Clock on Crash Charges (UPDATED)

Prosecutors finally focus on CDOs as the statute of limitations is running out

The housing bubble popped five years ago. The securitization market went haywire four years ago, shortly after the derivatives market... More

Wall Street’s Toxic Touch

Bloomberg View's Mark Whitehouse points to a fascinating report on new evidence showing how badly Wall Street screwed investors in... More

Serial creators don’t know what will happen to Adnan Syed - New developments in his legal case suggest that the outcome is wide open

The press is responsible for ignoring Bill Cosby rape allegations - Where were journalists 10 years ago when claims originally surfaced against him?

Journalism has a plagiarism problem. But it’s not the one you’d expect - Fareed Zakaria’s case highlights news organizations’ ethical grey areas

4 topics John Oliver explained more clearly than television news - The political satirist brings explainer comedy to HBO viewers

Will radio save science journalism? - WNYC will soon have a new health unit


CNN reporters in Ferguson provide coverage of CNN reporters in Ferguson (Slate)

“[T]here was little that justified CNN’s egocentric coverage”

Which media outlets use ‘illegal immigrant’? (Fusion)

“[I]n spite of all the good reasons not to use the phrase, it is still very easy to find in the US press, even in headlines”

Jack Shafer on losing his job (Capital New York)

“Right now, my immediate plan is to go to work as a lay therapist at The Intercept to bring the healing there so John Cook and Matt Taibbi can return. I have great interpersonal skills.”

On outlets that continue to call unknown drone victims ‘militants’ (The Intercept)

“Like the US drone program itself, this deceitful media practice continues unabated”

Bloggingheads

Greg Marx discusses democracy and news with Tom Rosenstiel of the American Press Institute

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