Columbia Journalism Review’s tireless Ryan Chittum writes:
“Shahien Nasiripour scored a foreclosure-fraud scandal scoop for The Huffington Post on Monday, reporting that audits of the mortgage industry conducted by HUD’s inspector general found five giant banks—Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial—defrauded taxpayers and violated the False Claims Act. HUD sent the findings to the Justice Department, which will now have to decide what to do next.
On Tuesday, Felix Salmon criticized The New York Times and Wall Street Journal for giving big play to the New York attorney general’s renewed interest in mortgage securitization while ignoring the HuffPo scoop. I thought maybe it slipped by the print deadlines. But three days later, those papers have yet to run anything about the news.