Bloomberg TV's coverage of the Goldman Sachs story

Betty Liu, an anchor at Bloomberg Television, talked with Benzinga.com’s Bud Fox about how the network has covered the Goldman Sachs fraud charges.

Here is an excerpt:

Q: Based on your talks with Wall Street experts, did this story come out of nowhere? Did anyone see this coming?

A: No, it most definitely didn’t come out of nowhere. There had been reports out months ago that Goldman was being investigated by the SEC for their CDO transactions. In addition to our coverage, Gretchen Morgenson and Louise Story of the New York Times wrote such a detailed account in December of what happened with this one Abacus deal that many on Wall Street felt this had to be true. The details were too compelling. Gregory Zuckerman of the WSJ wrote about this one trade in his book about John Paulson.

Q: As a journalist, how do cover this fast-moving story with accuracy?

A: That’s the essence of being a good news reporter, right? To be the fastest on a story but also accurate. You make sure you have your facts triple-checked, you bounce tidbits off more than one source to make sure everyone is hearing the same thing and you always check your facts through an original source of information.

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