The Audit

FT Buries the Lede on Ex-SEC Officials and Goldman

By Ryan Chittum   Apr 26, 2010 at 04:52 PM

I did a double-take this weekend while reading the Financial Times. The paper put out a story headlined "Handling of... More

Look at the Jobless Rate for the New Joads

By Holly Yeager   Apr 26, 2010 at 02:32 PM

Naked Capitalism shines some light on an aspect of the long, sad unemployment story that we don’t hear nearly enough... More

Chris Ware Shows Fortune the Mirror on the 500

Limits to what can be said in the friendly confines of the business press

By Ryan Chittum   Apr 26, 2010 at 09:57 AM

Surely, the times call for pointed critiques of corporate America. Fortune commissioned the cartoonist Chris Ware to propose a cover... More

Audit Notes: Ritholtz, Google Spies, Schumer Shies on Shilling

By Ryan Chittum   Apr 23, 2010 at 05:26 PM

Barry Ritholtz writes a superb post on the Goldman Sachs Abacus scandal. Wall Street loves complexity because it either tricks... More

WSJ Blows the Ratings-Agencies Story

By Ryan Chittum   Apr 23, 2010 at 04:26 PM

The Wall Street Journal does a terrible job today of covering the ratings-agency investigation news, which is a big deal... More

The Times Forgets Its Own Goldman Reporting

By Ryan Chittum   Apr 23, 2010 at 10:42 AM

One key part of Goldman Sachs's defense in the Abacus scandal is that it lost a pile of money on... More

Audit Notes: Michael Lewis, Sebastian Mallaby, Bill Black

By Ryan Chittum   Apr 22, 2010 at 06:05 PM

Michael Lewis explains very clearly to the too-clever-by-half folks over at Goldman Sachs (an Audit funder) why what they did... More

Reuters’s Beefed-Up Enterprise Reporting Is Paying Off

By Ryan Chittum   Apr 22, 2010 at 02:07 PM

Reuters and Murray Waas are at it again with another great health-care investigation. It shows how WellPoint, the second-largest health... More

WSJ’s Good Idea on Abacus Needed More Context

By Ryan Chittum   Apr 22, 2010 at 11:41 AM

I like that The Wall Street Journal zeroes in on the specific homeowners at the core of the Abacus bet.... More

Audit Notes: Yes, There Was a Housing Bubble; Magnetar; Facebook

By Ryan Chittum   Apr 21, 2010 at 10:58 PM

Dean Baker bizarrely dismisses the role Wall Street chicanery had in inflating the bubble: It Was the Housing Bubble: Not... More

The Future? We Hope Not

NYT’s Politico profile paints a scary picture

By Holly Yeager   Apr 21, 2010 at 04:32 PM

The New York Times magazine profile of Mike Allen, the force-of-nature Politico reporter, has been much anticipated—at least in the... More

Goldman’s Forked Tongue

NYT and WSJ blow up a bank defense on the Paulson-Abacus deal

By Ryan Chittum   Apr 21, 2010 at 09:43 AM

Yesterday, The Wall Street Journal punctured one of Goldman Sach's self-defenses in the Abacus scandal: That it lost $90 million... More

Bloomberg’s One-Source Wonders

By Ryan Chittum   Apr 21, 2010 at 04:27 AM

Take a TV interviewee, type up what they say, and print a one-source story. That's a bad recipe for journalism.... More

“Something Doesn’t Have to Be Illegal to Be Wrong”

By Ryan Chittum   Apr 20, 2010 at 09:04 PM

Today I saw three major financial commentators make the point or something thereabouts that Wall Street's doesn't have to break... More

Audit Notes: Goldman Dig, Fox Biz Strikes, Super-Senior Slip-up

By Ryan Chittum   Apr 20, 2010 at 08:52 PM

Matthew Goldstein of Reuters digs out some interesting information on the Goldman scandal. He names Gail Kreitwoman as one of... More