Posts filed under “Financial Press”

Front Page Crash Coverage

Interesting front page coverage of yesterday’s market action:
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Category: Financial Press, Markets

Wall Street Says Thanks…

Category: Bailouts, Financial Press, Taxes and Policy, Weblogs

Have the Media Been Too Easy on the Financials?

Is the media coddling Banks and Brokers in their coverage? Gawker observes:

In July, when Richard Fuld was blaming rumormongers and short-sellers for troubles as Lehman Brothers, the Times ran a column by finance writer Andrew Ross Sorkin echoing his complaints and calling one of the rumors, that Barclays would acquire Lehman, "absurd." Today, with Barclays buying Lehman’s U.S. operations, the Times is still siding with investment banks over investors, depositors and others who benefit from the free flow of information. Here’s some data the paper won’t be providing about the mess on Wall Street, according to an article it published today:

"…said Lawrence Ingrassia, business editor of The Times. “We aren’t going to say, ‘Here are three or five institutions that might fail next week.’ It’s one thing to say an industrial company is having trouble paying its debts, and another thing to say it about a financial institution.”

The Wall Street Journal is also censoring itself on behalf of large banks. Its spokesman said the newspaper would "stay away from" the words "crash," "panic," "pandemonium" and "apocalypse."

Both interesting and amazing . . .

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Hat tip Scott

Sources:
Press Coddles Banks With Pulled Punches
Ryan Tate
Gawker, 8:41 AM on Mon Sep 22 2008
http://gawker.com/5052975/press-coddles-banks-with-pulled-punches

Gasparino vs Einhorn, Kohn & Ritholtz 
TBP, June 05, 2008 | 01:52 PM 
http://bigpicture.typepad.com/comments/2008/06/gasparino-vs-ei.html

Amid Market Turmoil, Some Journalists Try to Tone Down Emotion
RICHARD PÉREZ-PEÑA
NYT, September 21, 2008 
http://www.nytimes.com/2008/09/22/business/media/22press.html

Read More

Category: Financial Press

October 18, 1930: NYT on Short Selling

Category: Financial Press, Markets, Short Selling

“The Week That Changed American Capitalism”

WSJ: NYT: > Sources: Markets Soar, but New Rules Upset Traders VIKAS BAJAJ, ANDREW ROSS SORKIN and MICHAEL J. de la MERCED NYT,  September 18, 2008 http://www.nytimes.com/2008/09/20/business/worldbusiness/20markets.html U.S. Bailout Plan Calms Markets, But Struggle Looms Over Details DEBORAH SOLOMON and DAMIAN PALETTA WSJ, SEPTEMBER 20, 2008 http://online.wsj.com/article/SB122186549098258645.html

Category: Bailouts, Financial Press

New WSJ.com: Community, Comments, Color

I have yet to really play with the new WSJ.com, but it looks slicker than the old version. The most significant change — besides the colors and layout — is the community side of it. You can now post comments on every single WSJ published story. I am not sure how that will ramp up….Read More

Category: Financial Press, Web/Tech, Weblogs

Bad Commentary, Poor Advice, Weak Analysis

Category: Financial Press, Investing, Psychology

Morning News Dump

Category: Bailouts, Corporate Management, Credit, Financial Press

Live Blogging CNBC Lehman Show

Category: Bailouts, Corporate Management, Federal Reserve, Financial Press

Roubini on CNBC

Check out Nouriel on CNBC this morning — he is guest hosting, and makes so much sense it makes the rest of the guest list look almost silly.

My boy Chris Whalen also had a good spot, worth checking out.

Fannie, Freddie & Financials

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The rescue
shouldn’t distract investors from the present peril of financials, says Chris
Walen, Institutional Risk Analytics co-founder/managing director

The Financial Development Report   

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A look at
the World Economic Forum’s report with U.S. leading the rankings and UK second.
Details with Kevin Steinberg, World Economic Forum COO and Nouriel Roubini,
REGMonitor.com

Category: Credit, Financial Press, Valuation, Video