Author Archive

Before Preemption There Was Riegle-Neal

March 8, 2010
By Ryan Chittum

That may be the least-SEO-friendly headline of all time, but hey, we're not the Huffington Post! This from the Journal's Fed story today strikes me as something that's crying out for more coverage: The ultimate outcome could shape finance as m...
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Audit Notes: God of Journalism, Pandit Panned, Wolff’s Own Medicine

March 5, 2010
By Ryan Chittum

The new-hire newsroom memo has long been a hotbed of puffery—a place where journalists consistently put aside their cynicism and engage in heartwarming rounds of fulsome praise. Nothing against Rob Hunter, believe me, but this memo from ...
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Carrying Water for White-Collar Criminals

March 5, 2010
By Ryan Chittum

William D. Cohan pleads for a Goldman convict to be pardoned
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Revisiting That Hyped WSJ Hedge-Fund Story

March 5, 2010
By Ryan Chittum

Last week, The Wall Street Journal ran an odd story on its front page headlined "Hedge Funds Pound Euro"—something Felix Salmon saw as the latest evidence of "the sensationalist WSJ." I did, too. That was because the headline implied tha...
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Audit Notes: Bennett on Health Care, Fortune, WaPo Digital, Facebook

March 4, 2010
By Ryan Chittum

Bloomberg editor Amanda Bennett has a remarkable story today recounting her husband's battle with cancer, how much it cost to extend his life, and what it means for the health-care system: Terence and I didn’t have to think about money, allo...
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TNR on Obama and Regulation

March 4, 2010
By Ryan Chittum

Secretary of Audit Dean Starkman has often criticized the press for its lackluster coverage of regulation, while acknowledging that it's gotten somewhat better since the crisis. Still, there's a lot that I, for one, didn't know until reading ...
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CNBC Millionaires Don’t Believe in Predatory Lending

March 4, 2010
By Ryan Chittum

Barry Ritholtz points to this ludicrous CNBC segment where everyone gangs up on Janet Tavakoli for pointing out the obvious: the housing bubble was inflated in no small part by predatory lending. Now CNBC isn't exactly where you go for comfort...
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Audit Notes: Monopoly Culture, Health Care, SNLers on CFPA

March 3, 2010
By Ryan Chittum

Thomas Frank reviews an interesting-looking book on monopolies in the American economy—one that argues that there are more than you might think. Of particular interest to us is Frank dropping a bit of business-press criticism in there: W...
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The NYT Muffs the Second-Day Fed-CFPA Story

March 3, 2010
By Ryan Chittum

The New York Times tries to play catch-up on the proposal to put the Consumer Financial Protection Agency inside the Federal Reserve—an idea we said yesterday bordered on parody and which Barney Frank called a "bad joke"—and which ...
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Corporate Welfare Columns, Yea and Nay

March 3, 2010
By Ryan Chittum

The Washington Post's Steven Pearlstein takes on corporate welfare at the local level today and shows how such a column should be done. Thomas Friedman, as usual, shows how not to. Northrop Grumman, the giant defense contractor, is moving its ...
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