Category Archives: journalism

Answers to Four Questions About Financial Journalism

Will Ortel, a journalism student at the College of Idaho in Caldwell, Idaho, sent me a few questions about financial literacy for a project he’s doing. They’re good questions, so I’m blogging the answers: Financial education for the layman is … Continue reading

Posted in journalism | 9 Comments

The US Airways Share Price

Can we please do something about the reporting of US Airways’s stock price? The NYT says today that "the airline’s share price shot up 13 percent Friday", and even the Economist is blogging the same thing. The clear implication is … Continue reading

Posted in journalism, stocks | 1 Comment

Dubious Statistics of the Day, Toxic Mortgage Edition

Interest and pressure groups put out garbage masquerading as useful research on a daily basis; it’s the job of the press to recongnise it as such and ignore it. Most of the time, the press does a very good job … Continue reading

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Why Isn’t ProPublica Attacking Citigroup?

ProPublica got its knickers in a twist when it discovered that Goldman Sachs had put out negative research on California, which had the potential of raising California’s borrowing costs. Just imagine what would have happened if a major bank put … Continue reading

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The Goldman Munipal Conflict Non-Story Refuses to Die

Remember the silly ProPublica report about alleged Goldman Sachs conflicts of interest in California? ProPublica subsequently took its act on the road, and used exactly the same Goldman report to produce an almost-identical article about New Jersey, in the Newark … Continue reading

Posted in banking, journalism, Media, Politics | 3 Comments

When Newspapers Get Lazy

The home page today features, prominently, an article on fund manager Ken Heebner, who’s long bank stocks, and I can’t for the life of me work out what it’s doing there. Heebner was a media star back when he … Continue reading

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Adventures in Anonymous Sourcing

Ryan Chittum picks up on a dog not barking in today’s WSJ story about Goldman earnings: The paper reported that Goldman Sachs’s loss this quarter would be much worse than expected, news it attributed to “industry insiders.” That’s funny attribution, … Continue reading

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Wall Street CEOs vs Geithner

The single most important job on Tim Geithner’s impressive resume, in terms of qualifying him to be Treasury, secretary, is the job he holds now: president of the New York Fed. As such, he’s the Fed’s chief liaison to Wall … Continue reading

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Treasury Enters its Lame Duck Phase

A welcome sign of independent intelligent life at the NYT business section comes this morning, with Edmund Andrews’ piece on Frannie’s latest loan-mod plan. Both the WSJ and the FT played the story just as Treasury and FHFA wanted them … Continue reading

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ProPublica’s Goldman Sachs Hatchet Job

ProPublica is a non-profit investigative-journalism shop founded by Paul Steiger, the former managing editor of The Wall Street Journal. So you’d expect that when it moves into the world of finance, during a credit crisis which has thrown up its … Continue reading

Posted in banking, journalism | 8 Comments