Recent Blog Posts
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Is an End Near for Forcible Arbitration?
Apr 25 20098:44 pm EDT -
Bernie Madoff's Deputy Said to be 'Ratting Down'
Apr 24 20099:10 am EDT -
FINRA Decrees: If You Kiss, You Must Tell
Apr 23 20097:25 am EDT -
Mr. Geithner's Neighborhood
Apr 22 200912:17 pm EDT -
Bigot Revels in His Three Seconds of 'Fame'
Apr 21 20094:11 pm EDT -
Bankruptcy for the New York Times?
Apr 21 200910:12 am EDT -
Congress Should Keep its Cotton-Pickin' Hands Off the 'Pecora' Commission
Apr 20 20099:30 am EDT -
The Whisper Campaign Against an Overstock.com Whistleblower
Apr 17 20096:39 pm EDT -
The New York Pension Probe: So What Else is New?
Apr 17 20092:42 pm EDT -
Eureka! Defrauded Investors Are Getting (Gasp) All Their Money Back
Apr 16 20095:47 pm EDT
A Barometer for Financial Journalism
There's been a lot of debate in financial journalism as to whether the media did a good or lousy job in covering the prelude to the current financial crisis. Well, here's one current. ongoing issue that is a good litmus test of the current coverage: mark to market.
So we have the good (Floyd Norris in the New York Times, Felix Salmon in Portfolio, ), the bad (this column in TheStreet.com) and the utterly brainless (Steve Forbes and Newt Gingrich in Forbes). Forbes has also sipped from the naked shorting kool aid, as has his mark-to-market allies at the U.S. Chamber of Commerce. Makes sense, as both involve blaming parties other than the bankers for the mess they're in.
UPDATE: Ryan Chittum at CJR Daily's Audit column says that the media is rising to the occasion and exposing the mark-to-market snake oil salesmen.
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