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Lehman Brothers Scandal: Blogs Beat The Mainstream Press On The Key Details

Lehman Brothers Scandal

First Posted: 05/15/10 06:12 AM ET Updated: 05/25/11 04:50 PM ET

cjr.org:

Look, I know that Lehman collapsed a year and a half ago, but this is a major story -- one that finally gets awfully close to putting the crimes in the crisis. I'll go ahead and say it: If you've wanted to know about the Valukas report and its implications, you've been better served by reading Zero Hedge and Naked Capitalism than you have The Wall Street Journal or New York Times. This on the biggest financial news story of the week --and one of the biggest of the year. These papers have hundreds of journalists at their disposal. The blogs have one non-professional writer and a handful of sometime non-pro-journalist contributors.

Read the whole story: cjr.org

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Filed by Ryan McCarthy  |