Sunday, December 21, 2014. Last Update: Fri 5:42 PM EST

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Mortgages

60 Minutes With a Good Look at the Foreclosure Scandal

Hats off to 60 Minutes and Scott Pelley for taking a nice look at the foreclosure scandal on Sunday. Pelley... More

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An ugly bit of blame-the-borrowers

Predatory lending is real, contra RealClearMarkets, and it particularly targets minorities

John Tamny of RealClearMarkets and Forbes really didn't like my take last week on that awful Bloomberg BusinessWeek cover. Here's... More

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Audit Notes: Auditor conflicts, Frannie holdup, London Whale pressured

The latest money-laundering scandal points to problems with a business model

Francine McKenna looks at Deloitte's role in the latest money-laundering scandal and how it points to conflicts of interest in... More

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Audit Notes: blame the borrowers, Walmart cashiers, newspaper prices

The Democratic Party platform on mortgage issues

Henry Blodget somehow thinks that "everyone has spent the last five years trying to blame the housing crash on every... More

Audit Notes: Economic Headwinds, Refinancing, Google’s Dominance

Crain's New York Business's Aaron Elstein takes a good look anecdotes at the headwinds New York's economy is facing from... More

Audit Notes: Energy Economy, Insider Trading, Mortgage Settlement

Here's a good Wall Street Journal page-one story on how the energy boom is driving economic activity across the U.S.... More

Audit Notes: Investigators Eye the Wall Street Mortgage Machine

After years of going nowhere, the investigation of the Wall Street securitization machine behind the financial crisis is finally showing... More

Audit Notes: Mortgage Bonds, Junkets, Digital Hype

Yves Smith of Naked Capitalism flags what she calls a "bombshell" analyst report on the mortgage-backed securities market. The report... More

Audit Notes: Mortgage Industry Conflicts of Interest Edition

American Banker has a smart story on "How Not to Make a Mortgage Servicing Settlement," taking a look at the... More

Audit Notes: Murdoch’s Lobbyists, Reuters on Chesapeake, Shadow Space (UPDATED)

Top News Corporation officials talked about enlisting the top Wall Street Journal Europe editor to lobby politicians for Murdoch's multibillionaire... More

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Audit Notes: NYT on AIG, subsidizing fraud, free logic

Probably a bit hyped

The New York Times scoops that AIG, recipient of a $180 billion bailout from taxpayers, will meet today to hear... More

Audit Notes: TP Bubble, No More “Fat Cats,” Big Long Now

The Wall Street Journal takes a look at one growing American industry the Internet and the Chinese can't wipe out:... More

Audit Notes: Walmart Rewrite, AMR’s Strategic Default, Debtors’ Prison

When The Huffington Post's Lila Pearl Shapiro wrote a critical story about Walmart's labor practices earlier this week, the company... More

Bank of America’s Big Countrywide Settlement

Bank of America is going to fork over $8.5 billion to mortgage-bond investors lied to by Countrywide Financial, the Wall... More

Bank of America’s Disastrous Countrywide Deal

The “dumb” money squandered tens of billions of dollars on Angelo Mozilo’s predatory lender

In The Big Short, hedge fund investor Steve Eisman recalled the time he heard Bank of America CEO Ken Lewis... More

Excellent Reporting on the Revolving Door By American Banker

Paper’s FOIA request shows a former FHA commish palling around with his future employer

American Banker has a terrific story on the revolving door, digging into the records of former Federal Housing Authority commissioner... More

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Financial crisis bodies are still surfacing

Jesse Eisinger on a Morgan Stanley CDO scandal

If you think, going on six years after the onset of the financial crisis, that we've learned about all we're... More

Hudson On the Systemic Corruption of the Mortgage Business

The Center for Public Integrity Michael Hudson has another excellent installment of his investigation into the culture of fraud at... More

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Is BofA mining profits from mortgage misery?

A Laurel to The Palm Beach Post

Kimberly Miller of The Palm Beach Post broke an important story about how the Bank of America allegedly rewarded... More

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No, it’s not another housing bubble

Hysteria in pockets of the press over a long-awaited recovery

The top story in all the major papers on Wednesday was news that home prices jumped 11 percent in the... More

Hey millionaire tech bros: Have patience with the editorial process - Chris Hughes probably wanted to enable great journalism at first. Then the dust settled and before you know it, he’s shaking everything up again

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

Price hike at UC Berkeley’s journalism school - Governing body approves additional fee of $7,500 starting 2016

Will Denver really have a newspaper war? - As a billionaire floats reviving the Rocky Mountain News, The Denver Post might buckle its chin strap

FOIA reform dies while the press looked the other way - RIP Improvement Act of 2014


The traffic lure of outrage (Slate)

“I didn’t become a journalist to peddle indignation on Facebook. But it sells—the page views don’t lie.”

NBC news producer’s sons were in the besieged school in Peshawar (NBCnews.com)

“I remained silent and didn’t know what to say — I know how such attacks on schools usually end”

Hero mom calls into CSPAN to berate her arguing pundit sons (WaPo)

“This was not planned. She called in on the normal line.”

Dick Cheney doesn’t want to call it torture but the media doesn’t have to follow (Vox)

“People deserve to know that the American government (proudly!) did things that in any other context are called torture”

Bloggingheads

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

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