The Audit

The NYT and the Urgency of the Unemployment Crisis

By Felix Salmon   Dec 3, 2010 at 11:02 AM

The unemployment rate has long been called Obama's Katrina, but at this point it's clear that it's much worse than... More

Audit Notes: Too Big to Fail Edition

By Ryan Chittum   Dec 3, 2010 at 12:36 AM

Kansas City Fed President Thomas Hoenig has a must-read op-ed in The New York Times on why too big to... More

Inured to “Trillions”

Take a step back on the Federal Reserve bailout story

By Ryan Chittum   Dec 2, 2010 at 07:19 PM

The Federal Reserve is forced by Congress to reveal who it secretly bailed out with trillions of dollars in loans.... More

Reporting Anonymous Tweets

Don’t do it.

By Ryan Chittum   Dec 2, 2010 at 05:20 PM

I've written before about how press standards tend to go wobbly when it comes to Apple gossip. Here's a prime... More

Bernanke’s Stimulus Call Finally Makes The WSJ

Two weeks later.

By Ryan Chittum   Dec 2, 2010 at 11:46 AM

A couple of weeks ago, Federal Reserve Chairman Ben Bernanke issued a public call for Congress and the president to... More

Audit Notes: The Federal Reserve’s Trillion-Dollar Bailout Document Dump

By Ryan Chittum   Dec 1, 2010 at 08:42 PM

The Federal Reserve today released a trove of information, much of which was sought by Bloomberg's Mark Pittman lawsuit, on... More

The Overdraft Racket Continues

But reports differ on how many consumers have opted in to the fees

By Ryan Chittum   Dec 1, 2010 at 01:32 PM

Back when the Federal Reserve adopted rules forcing banks to make customers opt in to overdraft "protection," it looked like... More

Audit Notes: Others on the Business Press

By Ryan Chittum   Dec 1, 2010 at 12:19 AM

If you haven't read John Cassidy's piece in The New Yorker asking "What Good Is Wall Street?", get to it.... More

Yes, We Are Much Poorer Than in 2007

Michael Kinsley flubs the numbers and the argument in a Politico column

By Ryan Chittum   Nov 30, 2010 at 08:19 PM

Boy, how out of touch is this Michael Kinsley column asking "Are we poorer than we used to be?" Kinsley... More

The Prosaic Mosaic Theory

By Ryan Chittum   Nov 30, 2010 at 12:25 PM

The New York Times is trying to play catchup with The Wall Street Journal, which has dominated the hedge-fund investigation... More

Audit Notes: Up Next For Wikileaks: The Banks, Forbes, Gaming Google

By Ryan Chittum   Nov 29, 2010 at 07:19 PM

Julian Assange is Forbes's cover boy this week. No surprise there. He just turned the diplomatic community on its head... More

Corporate Welfare Rocks!

The Wall Street Journal and Newsweek give Utah the puff treatment

By Ryan Chittum   Nov 29, 2010 at 04:10 PM

The Wall Street Journal reports that government activism is good... when it benefits Big Business. It's a puff piece about... More

NYT on the Irish Mess

A private-sector crisis turned into the people’s problem by politicians.

By Ryan Chittum   Nov 29, 2010 at 11:16 AM

This New York Times lede from Friday is terrific, conveying as it does the Bizarro world of the Irish bailout:... More

Big Wheel Keep on Turnin’

Hamster for the holidays from the NYT, WSJ, and Politico

By Ryan Chittum   Nov 24, 2010 at 03:09 PM

Audit boss Dean Starkman wrote a CJR cover story a couple of months ago called "The Hamster Wheel," decrying journalistic... More

Shorting the “Heard”

By Felix Salmon   Nov 24, 2010 at 11:26 AM

Does the Ireland crisis bespeak a major weakness in the Basel capital-adequacy regime? Simon Nixon thinks so: the fact that... More