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Andrew Ross Sorkin



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4Vote!

Tuesday Links: Sorkin, De-Indexing, the Google Problem

Yves Smith of Naked Capitalism shreds Andrew Ross Sorkin's column on Congress finally stiffening its spine today. The headline betrays the status quo argument that follows: "Beware the Result of Outrage." One amendment aims to increase transparency of the Federal Reserve by allowing Congress to audit it As one friend of The Audit said of the piece: "the...

5Vote!

Two Takes on the Financial Crisis: 'Too Big to Fail' by Andrew Ross Sorkin and 'How Markets Fail' by John Cassidy

John M. Mason submits: Both of these books are excellent reads. They represent different “takes” on the recent financial crisis and consequently complement each other. Sorkin’s “Too Big To Fail,” (Viking, 2009) is the more personal due to the fact that he is a New York Times reporter and business columnist: he has a legendary collection of connections which he...

7Vote!

More on the Miller-Moore Amendment and Unintended Consequences

Yesterday, I went after two targets in one post. The primary one was Andrew Ross Sorkin, who despite the considerable reporting and storytelling skills he demonstrated in Too Big Too Fail, seemed unable to keep a heavy-handed pro-Fed posture out of an article yesterday on the Paul-Grayson-DeMint bill, which more popularly goes by monickers like [...]

7Vote!

Scare-Mongering Over Fed Oversight Bill

Full disclosure: I love Andrew Ross Sorkin’s Too Big To Fail and think everyone should read it. But having said that, Sorkin has spent a bit too much time running with the big dogs. In today’s piece in the New York Times, he hones in on an amendment added to the Paul/Grayson bill passed [...]

8Vote!

The upside of outrage

... But it is the first time that Congress has listened — and that's worrying the likes of Andrew Ross Sorkin , whose column today is headlined “Beware the Result of Outrage”. I'll have more to say on Sorkin's column in general, and the Miller-Moore amendment in particular, later today. But suffice to say that Scheiber I think shows quite compellingly that...

7Vote!

Beware the Result of Outrage

A bill to reform the financial industry is making its way around the House, its amendments intended to help quiet some of the outrage over the bailout, but they may come with unintended consequences, The New York Times's Andrew Ross Sorkin writes in his latest DealBook column.

7Vote!

Satya Thallam on Robert Pozen's "Too Big to Save? How to Fix the U.S. Financial System"

... one flaw in this book (among its many virtues) its that Pozen lacks the flare of a Gillian Tett or Andrew Ross Sorkin, which leaves his chapter-by-chapter historical narratives (especially in the first part) dry and straightforward. Then again, to some people that may be an advantage of the book. To comprehensively address the claims in this book would itself require another...

11Vote!

Behold: The $9 Billion Check That Rescued Morgan Stanley

As explained in Andrew Ross Sorkin's Too Big to Fail , Morgan Stanley received a $9 billion investment from Mitsubishi UFJ in the fall of 2008 that kept the firm from collapsing. The payment was supposed to be wired electronically, which is how most large banking transactions are done. But because it needed to be made on an emergency basis on Columbus Day, when banks in the US...

5Vote!

Write-Offs: 11.20.09

$$$ Morgan Stanley's $9,000,000,000.00 Check . [Andrew Ross Sorkin] $$$ The Media Is Wrong About Goldman Sachs, AIG [The Atlantic] $$$ Steel Wins Dismissal Of Icahn Bid To Block Restructuring [FINalternatives] $$$ Felix Salmon and Henry Blodget Have a Fight , Make Up [Daily Intel] Morgan Stanley - Goldman Sachs - Andrew Ross Sorkin - American International...

3Vote!

Can Business Journalism Save the World? Bryan...

Can Business Journalism Save the World? Bryan Burrough, Niall Ferguson, Bethany McLean, and Andrew Ross Sorkin face off over coverage of the financial crisis.

11Vote!

Do Wall Street Executives "Defecate In Their Pants" When Andrew Ross Sorkin Calls Them

In the New York magazine profile earlier this month , Andrew Ross Sorkin said that one of the ways he’s able to land big sources is by not being “adversarial or coming to the table with an ax to grind.” The piece also claimed that many of ARS’s colleagues at the Times think it has to do with the fact that he’s too buddy-buddy with his high-profile...

5Vote!

Do Wall Street Executives "Defecate In Their Pants" When Andrew Ross Sorkin Calls Them

In the New York magazine profile earlier this month , Andrew Ross Sorkin said that one of the ways he's able to land big sources is by not being "adversarial or coming to the table with an ax to grind." The piece also claimed that many of ARS's colleagues at the Times think it has to do with the fact that he's too buddy-buddy with his high-profile pals, and goes way...

5Vote!

Journalists Examine Cable News' Role in Financial Crisis

... had an interesting question of her own: what role did financial cable news play in all this? NYT's Andrew Ross Sorkin said he watched "countless hours of television to see what people were talking about at the time," while doing research for his book "Too Big to Fail." He said he believes cable news did have a big impact: "It was the TV and the actual...