Yes, Wall Street banks pay off top financial journalists. Why do you ask?


Yes, Wall Street banks pay off top financial journalists. Why do you ask?

Yes, Wall Street banks pay off top financial journalists. Why do you ask?

H/T Matt Stoller

In this toxic climate, many financial journalists are on edge, worried that any misstep could make them the target of criticism for being too cozy with Wall Street. Back in October, New York Times op-ed columnist Joe Nocera, who often writes about finance, was taken to task by media critic Erik Wemple of The Washington Post for speaking at a securities conference in Miami sponsored by Wall Street firms including Goldman Sachs, J.P. Morgan, and Morgan Stanley. The gig appeared to breach the paper’s own rule for not permitting staff journalists to take speaking fees from any for-profit sources. Nocera “declined to address the speaking fee,” Wemple wrote, and he also declined to talk to me.

But while some news organizations don’t permit their staffers to take speaking fees from any sources, including Wall Street, there is still plenty of action out there.


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2 Responses to “Yes, Wall Street banks pay off top financial journalists. Why do you ask?”

  1. lies is all they tell says:

    yes we already figured that out. why bother its a waste of money. why not build new jail cells with money since thats where they will all be livign. they could fraud each other


  1. […] with those who they write about. Hint Wall Street. I would call it a conflict and wonder how much they get paid under the table to write some bogus stories. Gretchen does mention that she does NOT accept invitations. Gretchen has been exposing bank fraud […]

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