Thursday, December 9, 2010

Retweet: Columnists take a look at Justice Department claims of crackdown on financial fraud and see ... fraud

Ryan Chittum of the Columbia Journalism Review has a story that I must retweet. Titled "The Obama Administration’s Financial-Fraud Stunt Backfires", Chittum then spotlights some recent stories in the NYT and Bloomberg by journalists that took a look in the claims of Eric Holder’s Justice Department that it is cracking down on financial fraud. Here is Chittum's story.

The original stories are from The New York Times’s Andrew Ross Sorkin, who wrote this examination of "Operation Broken Trust" and found some problems with the Justice Department's claims.

Chittum then recaps efforts by Edward Wyatt at the Times and Bloomberg’s Jonathan Weil -- all good stuff.

The bottom line: there is no real crackdown on financial fraud going on at the Justice Department, just a lot of 'smoke and mirrors', as Chittum says.