Ryan Chittum of the Columbia Journalism Review writes that most of the business media, except for Reuters and the Des Moines Register, missed the news that the Iowa attorney general plans to bring criminal charges in the foreclosure scandal.
“This isn’t necessarily just another politician blowing smoke. BusinessWeek put the longtime AG, Tom Miller, on its cover a couple of years ago with the headline ‘They Warned Us About the Mortgage Crisis.’ He and other state attorneys general tried to crack down on predatory lending but were preempted by the Bush administration. And he’s heading up the joint investigation by all fifty states into the scandal. It’s worth following what he has to say.
“Especially when it’s ‘we will put people in jail.’
“That’s also notable, since as we discussed last week, no major executive has gone to jail for the financial crisis and its fallout. It’s unclear, of course, if Iowa will be able to prosecute executives or just the low-level employees who implemented the fraud.”
Read more here.
The Fund for American Studies presented James Bennet of The Economist with the Kenneth Y. Tomlinson Award…
The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…
Zach Cohen is joining Bloomberg Tax to cover the fiscal cliff and tax issues on…
Larry Avila has been named interim editor for Automotive Dive, an Industry Dive publication. He…
Reuters is seeking an experienced editor to take part in our fact-checking project and support the…
CNBC Make It reporter Ashton Jackson writes about ways to make financial news more accessible to consumers.…